Stochastic Models and Option Values: Applications to Resources, Environment and Investment Problems Cea 200contributions to Economic Analysis Vol.200 - Tapa dura

Oksendal, Bernt

 
9780444886309: Stochastic Models and Option Values: Applications to Resources, Environment and Investment Problems Cea 200contributions to Economic Analysis Vol.200

Sinopsis

Stochastic Models and Option Values

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Críticas

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

Reseña del editor

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.

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