Equilibrium with new investment opportunities
Article Abstract:
This is a study of how in general technological changes affect equilibrium and how they change endogenously in an equilibrium. In particular, the study is about equilibrium affected by new investment opportunities, choices over production technologies, and the effect of new investment on demand and supply of assets in the economy.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2001
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American option pricing under GARCH by a Markov chain approximation
Article Abstract:
This paper proposes the use of a markov chan approximation method for American option pricing and in particular an explicit scheme for the Generalized Autoregressive Conditional Heteroskedasticity option pricing model.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2001
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The net present value method versus the option value of waiting: A note on Farzin, Huisman and Kort (1998)
Article Abstract:
A decision to adapt a new technology is deferred when taking into account an option on the value of waiting.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2001
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