Timing of investment under technological and revenue-related uncertainties

DOI10.1016/j.jedc.2006.05.010zbMath1201.91220OpenAlexW2166436350MaRDI QIDQ1017052

Pauli Murto

Publication date: 18 May 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2006.05.010

zbMATH Keywords

optimal stoppingtechnological progressreal optionstechnology adoptionirreversible investment

Mathematics Subject Classification ID

Stopping times; optimal stopping problems; gambling theory (60G40) Financial applications of other theories (91G80) Corporate finance (dividends, real options, etc.) (91G50)

Related Items

Investment timing and capacity choice in duopolistic competition under a jump-diffusion model, Technology adoption in a declining market, Good timing: the economics of optimal stopping, Investment strategies of duopoly firms with asymmetric time-to-build under a jump-diffusion model, Technological advances and the decision to invest, Quasi-analytical solution of an investment problem with decreasing investment cost due to technological innovations, Analytical solution for an investment problem under uncertainties with shocks, Optimal Investment Timing for Carbon Emission Reduction Technology with a Jump-Diffusion Process, Exponential stability of numerical solutions for a class of stochastic age-dependent capital system with Poisson jumps, Irreversible investment and R\&D spillovers in a dynamic duopoly, Unnamed Item, Investments with declining cost following a Lévy process

Cites Work

• Unnamed Item
• Technological expectations and adoption of improved technology
• Innovations, improvements, and the optimal adoption of new technologies
• Optimal timing of technology adoption
• Adoption of uncertain multi-stage technology projects: a real options approach