Please use this identifier to cite or link to this item: http://cris.teiep.gr/jspui/handle/123456789/1341
Title: Stochastic refinement of an optimal investment model with adjustment costs of Jorgensen-Kort .
Authors: 
Keywords: Μαθηματική οικονομία
Issue Date: 17-Sep-1998
Abstract: Abstract In this short paper, we give exemplify how an established optimal control model in Economics may be extended to include stochastic effects. The extension and refinement has a three-fold effect: a) It makes the model mathematically more sophisticated and advanced b) It gives to it statistical and econometric foundation; it is therefore related directly to empirical measurements. c) Many different cases can be considered to follow the model (up to a probability of an error) that in the previous deterministic formulation should be excluded. We have chosen a relatively recent model by Jorgensen and Kort about optimal investment with adjustment costs.
URI: http://cris.teiep.gr/jspui/handle/123456789/1341
ISBN: 960-85 176-7-2
Appears in Collections:Δημοσιεύσεις σε Συνέδρια

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