Investment with an arithmetic process and lags

This paper presents an explicit solution of a simple investment problem with entry lags and when the underlying stochastic process is arithmetic. It is shown that, without abandonment, the optimal investment plan is independent of the length of the lag. Copyright © 2000 John Wiley & Sons, Ltd.

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Year of publication:	2000
Authors:	Bar-Ilan, Avner
Published in:	Managerial and Decision Economics. - John Wiley & Sons, Ltd., ISSN 0143-6570. - Vol. 21.2000, 5, p. 203-206
Publisher:	John Wiley & Sons, Ltd.

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005200255