We introduce a class of stochastic processes, which we refer to as Lyrebirds. These extend a class of stochastic processes, which have recently been coined as Peacocks, but are more commonly known as processes which are increasing in the convex order. We show how these processes arise naturally...

We consider the optimal harvesting problem for a fish farmer in a model which accounts for stochastic prices featuring a Schwartz 97 two factor price dynamics. Unlike any other literature in this context, we take account of the existence of a newly established market in salmon futures, which...

We consider the classical investment timing problem in a framework where the instantaneous volatility of the project value is itself given by a stochastic process, hence lifting the old question about the investment-uncertainty relationship to a new level. Motivated by the classical cases of...