Stochastic Models and Option Values: applications to resources, environment and investment problems (Contributions to Economic Analysis, 200)

Lund, Diderik and Oksendal, Bernt (editors)

ISBN 10: 0444886303 / ISBN 13: 9780444886309

Published by North Holland, Amsterdam, 1990

About this Item

First edition. Octavo hardback. x, 301 pp. Near Fine condition. SCARCE. No dust jacket.

Seller Inventory # 52707

Bibliographic Details

• Title: Stochastic Models and Option Values: applications to resources, environment and investment problems (Contributions to Economic Analysis, 200)
• Publisher: North Holland, Amsterdam
• Publication Date: 1990
• Language: English
• ISBN 10: 0444886303
• ISBN 13: 9780444886309
• Binding: Hardcover
• Edition: 1st Edition
• Condition: Very Good+
• Dust Jacket Condition: No Jacket
• Seller catalogs:
  • Lighter Books
  • Mathematics and Business Studies

About this title

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.

Review

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