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On optimal control of income generating activities, and the value of flexible production design

  • Olsen, Trond E.
  • Stensland, Gunnar

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File URL: http://www.sciencedirect.com/science/article/B6W4V-45NP3MS-B/2/2d53f8c3f48cb95a97177a5b2a88c472
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Article provided by Elsevier in its journal International Review of Economics & Finance.

Volume (Year): 5 (1996)
Issue (Month): 4 ()
Pages: 349-361

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Handle: RePEc:eee:reveco:v:5:y:1996:i:4:p:349-361
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/620165

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  1. Harrison, J. Michael & Kreps, David M., 1979. "Martingales and arbitrage in multiperiod securities markets," Journal of Economic Theory, Elsevier, vol. 20(3), pages 381-408, June.
  2. Dixit, Avinash K, 1989. "Entry and Exit Decisions under Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 97(3), pages 620-38, June.
  3. Kulatilaka, Nalin & Marks, Stephen Gary, 1988. "The Strategic Value of Flexibility: Reducing the Ability to Compromise," American Economic Review, American Economic Association, vol. 78(3), pages 574-80, June.
  4. Harrison, J. Michael & Pliska, Stanley R., 1981. "Martingales and stochastic integrals in the theory of continuous trading," Stochastic Processes and their Applications, Elsevier, vol. 11(3), pages 215-260, August.
  5. Olsen, Trond E. & Stensland, Gunnar, 1989. "Optimal sequencing of resource pools under uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 17(1), pages 83-92, July.
  6. Merton, Robert C., 1977. "On the pricing of contingent claims and the Modigliani-Miller theorem," Journal of Financial Economics, Elsevier, vol. 5(2), pages 241-249, November.
  7. Brennan, Michael J & Schwartz, Eduardo S, 1985. "Evaluating Natural Resource Investments," The Journal of Business, University of Chicago Press, vol. 58(2), pages 135-57, April.
  8. McDonald, Robert & Siegel, Daniel, 1986. "The Value of Waiting to Invest," The Quarterly Journal of Economics, MIT Press, vol. 101(4), pages 707-27, November.
  9. Pindyck, Robert S, 1991. "Irreversibility, Uncertainty, and Investment," Journal of Economic Literature, American Economic Association, vol. 29(3), pages 1110-48, September.
  10. Triantis, Alexander J & Hodder, James E, 1990. " Valuing Flexibility as a Complex Option," Journal of Finance, American Finance Association, vol. 45(2), pages 549-65, June.
  11. Cox, John C. & Ross, Stephen A., 1976. "The valuation of options for alternative stochastic processes," Journal of Financial Economics, Elsevier, vol. 3(1-2), pages 145-166.
  12. Olsen, Trond E. & Stensland, Gunnar, 1988. "Optimal shutdown decisions in resource extraction," Economics Letters, Elsevier, vol. 26(3), pages 215-218.
  13. Aase, Knut K., 1988. "Contingent claims valuation when the security price is a combination of an Ito process and a random point process," Stochastic Processes and their Applications, Elsevier, vol. 28(2), pages 185-220, June.
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