Demand uncertainty and the value of supply opportunities

Journal of Economics/ Zeitschrift fur Nationalokonomie

Volumn 64, Issue 2, 1996, Pages 163-175

  Alvarez, Luis H R ^a  

^a UNIVERSITY OF TURKU   (Finland)

Author keywords

Demand uncertainty; Optimal stopping; Optimal demand threshold; Supply opportunity value

Indexed keywords

EID: 3042981881     PISSN: 09318658     EISSN: None     Source Type: Journal    
DOI: 10.1007/BF01250113     Document Type: Article

References (7)

1. Alvarez, L. H. R. Jr. (1995): "American Options, Infinite Expiration, and Waiting: a Non-standard Approach." Research Reports in Economics 50, University of Turku, Turku.
2. _ (1996): "Reward Functional, Salvage Values and Optimal Stopping." Research Reports A12, Institute for Applied Mathematics, University of Turku, Turku.
3. Dixit, A. K., and Pindyck, R. S. (1994): Investment Under Uncertainty. Princeton: Princeton University Press.
4. Hymans, S. H. (1966): "The Price-taker: Uncertainty, Utility, and the Supply Function." International Economic Review 7: 346-356.
5. Itô, K., and McKean, H. P. Jr. (1965): Diffusion Processes and Their Sample Paths. Berlin: Springer.
6. McDonald, R., and Siegel, D. (1986): "The Value of Waiting to Invest." Quarterly Journal of Economics 100: 707-727.
7. Pindyck, R. (1991): "Irreversibility, Uncertainty, and Investment." Journal of Economic Literature 24: 1110-1148.