Regime switching in stochastic models of commodity prices: an application to an optimal tree harvesting problem
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Publication:413322
DOI10.1016/J.JEDC.2011.08.010zbMath1238.91111OpenAlexW2148796208MaRDI QIDQ413322
Publication date: 4 May 2012
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jedc.2011.08.010
regime switchingHamilton-Jacobi-Bellman variational inequalitylumber derivatives pricesmean reverting priceoptimal tree harvesting
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