Alvarez, Luis H. R. (contributor); … - 2003 - [Elektronische Ressource]
Irreversible Investment under Interest Rate Variability:
Some Generalizations
Luis H. R. Alvarez1 and Erkki Koskela2 … interest rate and revenue variability on the decision to
carry out irreversible investment. We provide a mathematical … characterization of the
two-dimensional optimal stopping problem and show that interest rate variability has
a decelerating or …