Huang, Bing; Cao, Jiling; Chung, Hyuck - Volkswirtschaftliche Fakultät, … - 2013
The investment-timing problem has been considered by many authors under the assumption that the instantaneous volatility of the demand shock is constant. Recently, Ting et al. [9] carried out an asymptotic approach in a monopoly model by letting the volatility parameter follow a stochastic...