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.
Détails du livre
Format
Relié
Pages
312 pages
Langue
Anglais
Publié
juin 4, 1991
Éditeur
Emerald Publishing Limited
ISBN-10
0444886303
ISBN-13
9780444886309