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A general framework for some economic problems with uncertainty and exogenous barriers

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Listed:
  • Agliardi, R.
  • Popivanov, P.
  • Slavova, A.

Abstract

This paper provides analytical solutions and regularity results for some second order PDEs of degenerate elliptic type. The motivation is to study several economic models with uncertainty where the variables are constrained by constant barriers.

Suggested Citation

  • Agliardi, R. & Popivanov, P. & Slavova, A., 2012. "A general framework for some economic problems with uncertainty and exogenous barriers," Economic Modelling, Elsevier, vol. 29(6), pages 2320-2324.
    • Handle: RePEc:eee:ecmode:v:29:y:2012:i:6:p:2320-2324
    DOI: 10.1016/j.econmod.2012.07.014
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    References listed on IDEAS

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    1. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474, December.
    2. Samuel Bentolila & Giuseppe Bertola, 1990. "Firing Costs and Labour Demand: How Bad is Eurosclerosis?," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 57(3), pages 381-402.
    3. Pindyck, Robert S., 2002. "Optimal timing problems in environmental economics," Journal of Economic Dynamics and Control, Elsevier, vol. 26(9-10), pages 1677-1697, August.
    4. Adkins, Roger & Paxson, Dean, 2011. "Renewing Assets with Uncertain Revenues and Operating Costs," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 46(3), pages 785-813, June.
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