Title: Stochastic Models and Option Values: Applications to Resources, Environment and Investment Problems
Publisher: Elsevier Science Ltd
Publication Date: 1991
Language: English
ISBN 10: 0444886303
ISBN 13: 9780444886309
Binding: Hardcover
Condition: New

About this title

Synopsis

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.

Review

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

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