Titre: Stochastic Models and Option Values: Applications to Resources, Environment and Investment Problems (Contributions to Economic Analysis, 200)
�diteur: Emerald Publishing Limited
Date de parution: 1991
Langue: anglais
ISBN � 10 chiffres: 0444886303
ISBN � 13 chiffres: 9780444886309
Reliure: Couverture rigide
�tat de l'article: New

A propos de ce titre

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.

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