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The Optimal Timing of Procurement Decisions and Patent Allocations
Optimal Timing Procurement Decisions Patent Allocations
2015/9/23
We illustrate by means of a dynamic research and development race that while at some points in the race social incentives and private incentives may coincide at other points they may diverge -- too ma...
Optimal Timing to Purchase Options
optimal stopping delayed purchase premium martingale measures
2010/10/21
We study the timing of derivative purchases in incomplete markets. In our model, an investor attempts to maximize the spread between her model price and the offered market price through optimally timi...