Optimal procurement and investment in new technologies under uncertainty

DOI10.1016/J.JEDC.2023.104605zbMath1518.91308OpenAlexW4317214559MaRDI QIDQ6164825

Gijsbert Zwart, Malin Arve

Publication date: 4 July 2023

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2023.104605

zbMATH Keywords

optimal stoppingprincipal-agent modeladverse selectioncontinuous timeirreversible investmentprocurementreal optiondynamic contracting

Mathematics Subject Classification ID

Stopping times; optimal stopping problems; gambling theory (60G40) Auctions, bargaining, bidding and selling, and other market models (91B26) Corporate finance (dividends, real options, etc.) (91G50) Principal-agent models (91B43)

Cites Work

• Multi-period contracts between principal and agent with adverse selection
• Optimal stopping with private information
• Dynamic revenue maximization: a continuous time approach
• Multidimensional auctions for long-term procurement contracts with early-exit options: the case of conservation contracts
• Strategic technology adoption taking into account future technological improvements: a real options approach
• Optimal regulation of energy network expansion when costs are stochastic
• Investment timing, asymmetric information, and audit structure: a real options framework
• Selling options
• Optimal compensation with adverse selection and dynamic actions
• Log-concave probability and its applications
• Irreversible investment in alternative projects
• Sequential Screening
• The Implementation of Social Choice Rules: Some General Results on Incentive Compatibility
• A Continuous-Time Version of the Principal–Agent Problem
• The Dynamic Pivot Mechanism
• Multistage Games with Communication
• Full Extraction of the Surplus in Bayesian and Dominant Strategy Auctions
• Optimal Auction Design
• Incentive Compatibility and the Bargaining Problem
• Insights on the Effect of Land Use Choice: The Perpetual Option on the Best of Two Underlying Assets
• The Valuation of American Options on Multiple Assets
• Nonlinear Pricing with Random Participation
• Progressive Screening: Long-Term Contracting with a Privately Known Stochastic Process
• Dynamic Mechanism Design: A Myersonian Approach
• Dynamic contracting: An irrelevance theorem
• Optimal Dynamic Mechanism Design and the Virtual-Pivot Mechanism

This page was built for publication: Optimal procurement and investment in new technologies under uncertainty