Good timing: the economics of optimal stopping

DOI10.1016/J.JEDC.2011.09.008MaRDI QIDQ413328zbMATH OpenOpenAlexFDO

Authors Graham A. Davis, Robert D. Cairns

Publication date 4 May 2012

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2011.09.008

zbMATH Keywords

investment timingreal options\(r\)-percent ruleinvestment under uncertaintyWicksell

Mathematics Subject Classification ID

Portfolio theory (91G10)

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Cites work

• scientific article; zbMATH DE number 3338194 (Why is no real title available?)
• Harvest Decisions and Asset Valuation for Biological Resources Exhibiting Size-Dependent Stochastic Growth
• Infinitesimal Look-Ahead Stopping Rules
• Optimal harvesting under resource stock and price uncertainty
• Optimal stopping and perpetual options for Lévy processes
• Repeated real options: optimal investment behaviour and a good rule of thumb
• The effect of mean reversion on entry and exit decisions under uncertainty
• The effect of mean reversion on investment under uncertainty
• The effect of uncertainty on investment timing in a real options model
• The tree-cutting problem in a stochastic environment: The case of age- dependent growth
• Timing of investment under technological and revenue-related uncertainties

Cited in

(6)

• An optimal stopping model and waiting time of problems of investment timing
• Departures from optimal stopping in an anagram task
• Constrained maximum variance stopping for a finite horizon increasing random walk
• An optimal stopping policy for car rental businesses with purchasing customers
• When to abandon a research project and search for a new one
• Stopping times in economic development planning: some modelling issues

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