Equilibrium with new investment opportunities

Article Abstract:

This is a study of how in general technological changes affect equilibrium and how they change endogenously in an equilibrium. In particular, the study is about equilibrium affected by new investment opportunities, choices over production technologies, and the effect of new investment on demand and supply of assets in the economy.

Canada, High technology, Influence, Investments, Supply and demand, Equilibrium (Economics)

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American option pricing under GARCH by a Markov chain approximation

Article Abstract:

This paper proposes the use of a markov chan approximation method for American option pricing and in particular an explicit scheme for the Generalized Autoregressive Conditional Heteroskedasticity option pricing model.

Stock Options, Pricing Policy, Research, Pricing, Executive compensation

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The net present value method versus the option value of waiting: A note on Farzin, Huisman and Kort (1998)

Article Abstract:

A decision to adapt a new technology is deferred when taking into account an option on the value of waiting.

Analysis, Usage, Business forecasting, Present value

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