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Parlux Stochastic Models and Option Values: Applications to Resources, Environment and Investment Problems: 200 (Contributions to Economic Analysis, 200)

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Description

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 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.

Product Specifications

Brand
Parlux
Format
hardcover
Domain
Amazon UK
Release Date
04 June 1991
Listed Since
14 October 2006

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No barcode data available

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