Hysteresis due to irreversible exit: addressing the option to mothball

DOI10.1016/j.jedc.2018.04.009zbMath1401.91579MaRDI QIDQ1657608

Y. Aharonov

Publication date: 13 August 2018

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2018.04.009

zbMATH Keywords

hysteresis; real options; exit; mothballing

Mathematics Subject Classification ID

60G40: Stopping times; optimal stopping problems; gambling theory

91G80: Financial applications of other theories