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Publications

by alumni of

Turun Yliopisto → Turun Kauppakorkeakoulu → Taloustieteen laitos

University of Turku → Turku School of Economics → Department of Economics

These are publications listed in RePEc written by alumni of the above institution who are registered with the RePEc Author Service and listed in the RePEc Genealogy. List of alumni. For a list of publications by current members of the department, see here. Register yourself.

This page is updated in the first days of each month.

| Working papers | Journal articles | Chapters |

Working papers

2025

  1. Jokelainen, Antto & Markkanen, Jaakko & Leppälä, Samuli & Siikanen, Markku & Sipiläinen, Matti & Toivanen, Otto, 2025, "Free Entry and Social Inefficiency in Regulated Pharmacy Markets," CEPR Discussion Papers, Centre for Economic Policy Research, number 20095, Apr.

2019

  1. Soren Christensen & Luis H. R. Alvarez E, 2019, "A Solvable Two-dimensional Optimal Stopping Problem in the Presence of Ambiguity," Papers, arXiv.org, number 1905.05429, May.
  2. Luis H. R. Alvarez E. & Soren Christensen, 2019, "The Impact of Ambiguity on the Optimal Exercise Timing of Integral Option Contracts," Papers, arXiv.org, number 1906.07533, Jun.
  3. Luis H. R. Alvarez E. & Soren Christensen, 2019, "A Class of Solvable Multidimensional Stopping Problems in the Presence of Knightian Uncertainty," Papers, arXiv.org, number 1907.04046, Jul.
  4. Easaw, Joshy & Lepp l , Samuli, 2019, "Democracy, State Capacity and Public Finance," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2019/19, Dec.

2018

  1. Lepp l , Samuli, 2018, "Partial Exclusivity Can Resolve The Empirical Puzzles Associated With Rent-Seeking Activities," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2018/25, Dec.

2016

  1. Luis H. R. Alvarez E. & Paavo Salminen, 2016, "Timing in the Presence of Directional Predictability: Optimal Stopping of Skew Brownian Motion," Papers, arXiv.org, number 1608.04537, Aug.

2015

  1. Lepp l , Samuli, 2015, "Innovation, R&D spillovers, and the variety and concentration of the local production structure," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2015/3, Feb.

2014

  1. Lepp l , Samuli, 2014, "Theoretical Perspectives on Localised Knowledge Spillovers and Agglomeration," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2014/10, Jul.

2013

  1. Luis H. R. Alvarez E. & Pekka Matomaki & Teppo A. Rakkolainen, 2013, "A Class of Solvable Optimal Stopping Problems of Spectrally Negative Jump Diffusions," Papers, arXiv.org, number 1302.4181, Feb.
  2. Lepp l , Samuli, 2013, "Arrow's paradox and markets for nonproprietary information," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2013/2, Feb.

2012

  1. Samuli Leppälä, 2012, "Economic Analysis Of Knowledge: The History Of Thought And The Central Themes," Center for the History of Political Economy Working Paper Series, Center for the History of Political Economy, number 2012-05.

2010

  1. Luis H. R. Alvarez & Jani Sainio, 2010, "A Loan Portfolio Model Subject to Random Liabilities and Systemic Jump Risk," Papers, arXiv.org, number 1006.0863, Jun.

2009

  1. Luis H.R. Alvarez & Jukka Lempa & Elias Oikarinen, 2009, "Do Standard Real Option Models Overestimate the Required Rate of Return of Real Estate Investment Opportunities?," Discussion Papers, Aboa Centre for Economics, number 52, Aug.

2007

  1. Luis H. R. Alvarez & Teppo A. Rakkolainen, 2007, "Optimal Dividend Control in Presence of Downside Risk," Discussion Papers, Aboa Centre for Economics, number 14, Mar.
  2. Luis H. R. Alvarez, 2007, "Knightian Uncertainty, k-Ignorance, and Optimal Timing," Discussion Papers, Aboa Centre for Economics, number 25, Nov.

2006

  1. Luis H. R. Alvarez E., 2006, "A Class of Solvable Stopping Games," Discussion Papers, Aboa Centre for Economics, number 11, Oct.
  2. Luis H. R. Alvarez E., 2006, "Minimum Guaranteed Payments and Costly Cancellation Rights: A Stopping Game Perspective," Discussion Papers, Aboa Centre for Economics, number 12, Nov.
  3. Luis H.R. Alvarez E., 2006, "Irreversible Investment, Incremental Capital Accumulation, and Price Uncertainty," Discussion Papers, Aboa Centre for Economics, number 4, Apr.

2005

  1. Luis H. R. Alvarez & Erkki Koskela, 2005, "Progressive Taxation and Irreversible Investment under Uncertainty," CESifo Working Paper Series, CESifo, number 1377.
  2. Luis H. R. Alvarez & Erkki Koskela, 2005, "Optimal Harvesting under Resource Stock and Price Uncertainty," CESifo Working Paper Series, CESifo, number 1384.

2004

  1. Luis H. R. Alvarez & Erkki Koskela, 2004, "Taxation and Rotation Age under Stochastic Forest Stand Value," CESifo Working Paper Series, CESifo, number 1211.
  2. Luis H. R. Alvarez & Erkki Koskela, 2004, "Does Risk Aversion Accelerate Optimal Forest Rotation under Uncertainty?," CESifo Working Paper Series, CESifo, number 1285.

2003

  1. Luis H. R. Alvarez & Erkki Koskela, 2003, "A General Approach to the Stochastic Rotation Problem with Amenity Valuation," CESifo Working Paper Series, CESifo, number 857.
  2. Luis H. R. Alvarez & Erkki Koskela, 2003, "On the Tree-Cutting Problem under Interest Rate and Forest Value Uncertainty," CESifo Working Paper Series, CESifo, number 870.
  3. Alvarez, Luis H.R. & Koskela, Erkki, 2003, "On Forest Rotation Under Interest Rate Variability," Discussion Papers, The Research Institute of the Finnish Economy, number 840.
  4. Alvarez, Luis H.R. & Koskela, Erkki, 2003, "Irreversible Investment under Interest Rate Variability: Some Generalizations," Discussion Papers, The Research Institute of the Finnish Economy, number 841.

2002

  1. Luis H. R. Alvarez & Erkki Koskela, 2002, "Irreversible Investment under Interest Rate Variability: New Results," CESifo Working Paper Series, CESifo, number 640.

2001

  1. Luis H. R. Alvarez & Erkki Koskela, 2001, "Wicksellian Theory of Forest Rotation under Interest Rate Variability," CESifo Working Paper Series, CESifo, number 606.

2000

  1. Alvarez Jr., L. & Kanniainen, V. & Sodersten, J., 2000, "Why is the Corporation Tax not Neutral? Anticipated Tax not Reform, Invesment Spurts and Corporate Borrowing," Papers, Uppsala - Working Paper Series, number 2000:4.

1997

  1. Luis H. R. Alvarez & Vesa Kanniainen, 1997, "Valuation of Irreversible Entry Options under Uncertainty and Taxation," CESifo Working Paper Series, CESifo, number 144.
  2. Alvarez, Luis H.R. & Kanniainen, Vesa & Södersten, Jan, 1997, "Tax Policy Uncertainty and the Corporation - Theory of Tax-induced Investment Spurts," Working Paper Series, Uppsala University, Department of Economics, number 1997:5, Jan.

1995

  1. Alvarez, L. & Kanniainen, V. & Sodersten, J., 1995, "Theory of Tax-Induced Investment Spurts," Papers, Uppsala - Working Paper Series, number 1995-18.

Journal articles

2023

  1. Joshy Z. Easaw & Samuli Leppälä, 2023, "Democracy, state capacity and public finance," Economic Inquiry, Western Economic Association International, volume 61, issue 2, pages 301-321, April, DOI: 10.1111/ecin.13115.

2021

  1. Leppälä, Samuli, 2021, "A partially exclusive rent-seeking contest," Journal of Economic Behavior & Organization, Elsevier, volume 187, issue C, pages 60-75, DOI: 10.1016/j.jebo.2021.04.018.

2020

  1. Samuli Leppälä, 2020, "Innovation, R&D Spillovers, and the Variety and Concentration of the Local Industry Structure," Scandinavian Journal of Economics, Wiley Blackwell, volume 122, issue 3, pages 1231-1255, July, DOI: 10.1111/sjoe.12368.

2018

  1. Samuli Leppälä, 2018, "Theoretical perspectives on localized knowledge spillovers and agglomeration," Papers in Regional Science, Wiley Blackwell, volume 97, issue 3, pages 467-484, August, DOI: 10.1111/pirs.12256.

2017

  1. Luis H. R. Alvarez E. & Paavo Salminen, 2017, "Timing in the presence of directional predictability: optimal stopping of skew Brownian motion," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), volume 86, issue 2, pages 377-400, October, DOI: 10.1007/s00186-017-0602-4.

2016

  1. Samuli Leppälä, 2016, "Antitrust exemptions for joint R&D improve patents," Public Choice, Springer, volume 166, issue 1, pages 29-52, January, DOI: 10.1007/s11127-016-0311-1.

2015

  1. Samuli Leppälä, 2015, "Economic Analysis Of Knowledge: The History Of Thought And The Central Themes," Journal of Economic Surveys, Wiley Blackwell, volume 29, issue 2, pages 263-286, April.

2013

  1. P�ivi Oinas & Samuli Lepp�l�, 2013, "Views on Book Reviews," Regional Studies, Taylor & Francis Journals, volume 47, issue 10, pages 1785-1789, November, DOI: 10.1080/00343404.2013.856530.

2012

  1. Samuli Leppälä, 2012, "An Epistemological Perspective on Knowledge Transfers: From Tacitness to Capability and Reliability," Industry and Innovation, Taylor & Francis Journals, volume 19, issue 8, pages 631-647, November, DOI: 10.1080/13662716.2012.739759.

2011

  1. Alvarez, Luis H.R., 2011, "Optimal capital accumulation under price uncertainty and costly reversibility," Journal of Economic Dynamics and Control, Elsevier, volume 35, issue 10, pages 1769-1788, October.
  2. Samuli Leppälä, 2011, "Review of Russell Hardin, how do you know? The economics of ordinary knowledge," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, volume 24, issue 1, pages 77-80, March, DOI: 10.1007/s11138-010-0118-0.
  3. Pierre Desrochers & Samuli Leppälä, 2011, "Opening up the 'Jacobs Spillovers' black box: local diversity, creativity and the processes underlying new combinations," Journal of Economic Geography, Oxford University Press, volume 11, issue 5, pages 843-863, September.
  4. Samuli Leppala, 2011, "Inventive City-Regions: Path Dependence and Creative Knowledge Strategies," Regional Studies, Taylor & Francis Journals, volume 45, issue 7, pages 1013-1015, DOI: 10.1080/00343404.2011.593884.

2010

  1. Luis Alvarez & Teppo Rakkolainen, 2010, "Investment timing in presence of downside risk: a certainty equivalent characterization," Annals of Finance, Springer, volume 6, issue 3, pages 317-333, July, DOI: 10.1007/s10436-008-0100-z.
  2. Luis Alvarez, 2010, "Irreversible capital accumulation under interest rate uncertainty," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), volume 72, issue 2, pages 249-271, October, DOI: 10.1007/s00186-010-0319-0.
  3. Leppälä, Samuli & Desrochers, Pierre, 2010, "The division of labor need not imply regional specialization," Journal of Economic Behavior & Organization, Elsevier, volume 74, issue 1-2, pages 137-147, May.
  4. Pierre Desrochers & Samuli Leppälä, 2010, "Industrial Symbiosis: Old Wine in Recycled Bottles? Some Perspective from the History of Economic and Geographical Thought," International Regional Science Review, , volume 33, issue 3, pages 338-361, July, DOI: 10.1177/0160017610375441.

2009

  1. Luis Alvarez & Teppo Rakkolainen, 2009, "Optimal payout policy in presence of downside risk," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), volume 69, issue 1, pages 27-58, March, DOI: 10.1007/s00186-008-0228-7.

2008

  1. Luis H. R. Alvarez & Erkki Koskela, 2008, "Progressive Taxation, Tax Exemption, and Irreversible Investment under Uncertainty," Journal of Public Economic Theory, Association for Public Economic Theory, volume 10, issue 1, pages 149-169, February, DOI: 10.1111/j.1467-9779.2008.00356.x.

2007

  1. Alvarez, Luis H.R. & Koskela, Erkki, 2007, "Optimal harvesting under resource stock and price uncertainty," Journal of Economic Dynamics and Control, Elsevier, volume 31, issue 7, pages 2461-2485, July.
  2. Alvarez, Luis H.R. & Stenbacka, Rune, 2007, "Partial outsourcing: A real options perspective," International Journal of Industrial Organization, Elsevier, volume 25, issue 1, pages 91-102, February.
  3. Alvarez, Luis H.R. & Koskela, Erkki, 2007, "Taxation and rotation age under stochastic forest stand value," Journal of Environmental Economics and Management, Elsevier, volume 54, issue 1, pages 113-127, July.
  4. Luis H. R. Alvarez & Erkki Koskela, 2007, "Irreversible Capital Accumulation and Nonlinear Tax Policy: A Note," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, volume 63, issue 1, pages 46-53, March, DOI: 10.1628/001522107X186719.

2006

  1. Alvarez, Luis H.R. & Koskela, Erkki, 2006, "Does risk aversion accelerate optimal forest rotation under uncertainty?," Journal of Forest Economics, Elsevier, volume 12, issue 3, pages 171-184, December.
  2. Luis Alvarez & Rune Stenbacka, 2006, "Takeover Timing, Implementation Uncertainty, and Embedded Divestment Options," Review of Finance, European Finance Association, volume 10, issue 3, pages 417-441, September, DOI: 10.1007/s10679-006-9002-y.
  3. Luis Alvarez & Jukka Virtanen, 2006, "A class of solvable stochastic dividend optimization problems: on the general impact of flexibility on valuation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), volume 28, issue 2, pages 373-398, June, DOI: 10.1007/s00199-005-0627-4.
  4. Luis H. R. Alvarez & Erkki Koskela, 2006, "Irreversible Investment under Interest Rate Variability: Some Generalizations," The Journal of Business, University of Chicago Press, volume 79, issue 2, pages 623-644, March, DOI: 10.1086/499133.

2005

  1. Alvarez, Luis H. R. & Koskela, Erkki, 2005, "Wicksellian theory of forest rotation under interest rate variability," Journal of Economic Dynamics and Control, Elsevier, volume 29, issue 3, pages 529-545, March.

2003

  1. Alvarez, Luis H R & Koskela, Erkki, 2003, "On Forest Rotation under Interest Rate Variability," International Tax and Public Finance, Springer;International Institute of Public Finance, volume 10, issue 4, pages 489-503, August.
  2. Luis Alvarez & Rune Stenbacka, 2003, "Optimal risk adoption: a real options approach," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), volume 23, issue 1, pages 123-147, December, DOI: 10.1007/s00199-002-0349-9.

2002

  1. Alvarez, Luis H. R. & Keppo, Jussi, 2002, "The impact of delivery lags on irreversible investment under uncertainty," European Journal of Operational Research, Elsevier, volume 136, issue 1, pages 173-180, January.

2001

  1. Alvarez, Luis H. R., 2001, "On the form and risk-sensitivity of zero coupon bonds for a class of interest rate models," Insurance: Mathematics and Economics, Elsevier, volume 28, issue 1, pages 83-90, February.
  2. Alvarez, Luis H. R. & Stenbacka, Rune, 2001, "Adoption of uncertain multi-stage technology projects: a real options approach," Journal of Mathematical Economics, Elsevier, volume 35, issue 1, pages 71-97, February.
  3. Luis H. R. Alvarez, 2001, "Solving optimal stopping problems of linear diffusions by applying convolution approximations," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), volume 53, issue 1, pages 89-99, April, DOI: 10.1007/s001860000098.
  4. Luis H. R. Alvarez, 2001, "Reward functionals, salvage values, and optimal stopping," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), volume 54, issue 2, pages 315-337, December, DOI: 10.1007/s001860100161.

2000

  1. Alvarez, Luis H. R., 2000, "Singular stochastic control in the presence of a state-dependent yield structure," Stochastic Processes and their Applications, Elsevier, volume 86, issue 2, pages 323-343, April.

1999

  1. Alvarez, Luis H. R., 1999, "Optimal exit and valuation under demand uncertainty: A real options approach," European Journal of Operational Research, Elsevier, volume 114, issue 2, pages 320-329, April.
  2. Luis Alvarez & Vesa Kanniainen & Jan Södersten, 1999, "Why is the Corporation Tax Not Neutral?. Anticipated Tax Reform, Investment Spurts and Corporate Borrowing," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, volume 56, issue 3/4, pages 285-285, July.

1998

  1. Alvarez, Luis H. R., 1998, "Zero coupon bonds and affine term structures: reconsidering the one-factor model," Insurance: Mathematics and Economics, Elsevier, volume 23, issue 1, pages 85-90, October.
  2. Alvarez, Luis H. R., 1998, "Exit strategies and price uncertainty: a Greenian approach," Journal of Mathematical Economics, Elsevier, volume 29, issue 1, pages 43-56, January.
  3. Alvarez, Luis H. R. & Kanniainen, Vesa & Sodersten, Jan, 1998, "Tax policy uncertainty and corporate investment: A theory of tax-induced investment spurts," Journal of Public Economics, Elsevier, volume 69, issue 1, pages 17-48, July.

1996

  1. Luis Alvarez, 1996, "Demand uncertainty and the value of supply opportunities," Journal of Economics, Springer, volume 64, issue 2, pages 163-175, June, DOI: 10.1007/BF01250113.

Chapters

2017

  1. Pierre Desrochers & Samuli Leppälä & Joanna Szurmak, 2017, "Urban diversity and innovation," Chapters, Edward Elgar Publishing, chapter 14, in: Harald Bathelt & Patrick Cohendet & Sebastian Henn & Laurent Simon, "The Elgar Companion to Innovation and Knowledge Creation".

2012

  1. Samuli Leppälä & Pierre Desrochers, 2012, "Regional Economic Analysis: The Case for Methodological Individualism," Advances in Austrian Economics, Emerald Group Publishing Limited, "The Spatial Market Process", DOI: 10.1108/S1529-2134(2012)0000016005.

2011

  1. Pierre Desrochers & Samuli Leppälä, 2011, "Creative Environments: The Case for Local Economic Diversity," Chapters, Edward Elgar Publishing, chapter 21, in: David Emanuel Andersson & Åke E. Andersson & Charlotta Mellander, "Handbook of Creative Cities".

2010

  1. Samuli Leppälä, 2010, "Hayek on Prices and Knowledge: Supplementing “The Use of Knowledge in Society” with The Sensory Order," Advances in Austrian Economics, Emerald Group Publishing Limited, "The Social Science of Hayek's ‘The Sensory Order’", DOI: 10.1108/S1529-2134(2010)0000013012.

IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.