Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10011660523
Persistent link: https://www.econbiz.de/10001841899
This article develops a two-factor real options model of the harvesting decision over infinite rotations assuming a known stochastic price process and using a rigorous Hamilton-Jacobi-Bellman methodology. The harvesting problem is formulated as a linear complementarity problem that is solved...
Persistent link: https://www.econbiz.de/10014061113