Stochastic Models and Option Values Applications to Resources, Environment and Investment Problems

Lund, Diderik (Editor)/ Oksendal, Bernt (Editor)

ISBN 10: 0444886303 / ISBN 13: 9780444886309

Editore: Emerald Group Pub Ltd, 1991

Riguardo questo articolo

302 pages. 9.25x6.25x0.75 inches. In Stock.

Codice articolo x-0444886303

Dati bibliografici

• Titolo: Stochastic Models and Option Values Applications to Resources, Environment and Investment Problems
• Editore: Emerald Group Pub Ltd
• Data di pubblicazione: 1991
• Lingua: Inglese
• ISBN 10: 0444886303
• ISBN 13: 9780444886309
• Rilegatura: Hardcover
• Condizione: Brand New

Descrizione articolo

Riassunto

This book is a result of recent developments in several fields. Mathematicians, statisticians, finance theorists, and economists found several interconnections in their research. The emphasis was on common methods, although the applications were also interrelated. The main topic is dynamic stochastic models, in which information arrives and decisions are made sequentially. This gives rise to what finance theorists call option value, what some economists label quasi-option value. Some papers extend the mathematical theory, some deal with new methods of economic analysis, while some present important applications, to natural resources in particular.

Recensione

... well written and high quality contributions
European Journal of Operational Research