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• W2161632012 abstract "We present a methodology for obtaining explicit solutions to infinite time horizon optimal stopping problems involving general, one-dimensional, Ito diffusions, payoff functions that need not be smooth and state-dependent discounting. This is done within a framework based on dynamic programming techniques employing variational inequalities and links to the probabilistic approaches employing $r$-excessive functions and martingale theory. The aim of this paper is to facilitate the the solution of a wide variety of problems, particularly in finance or economics." @default.
• W2161632012 created "2016-06-24" @default.
• W2161632012 creator A5082339773 @default.
• W2161632012 date "2012-10-09" @default.
• W2161632012 modified "2023-09-27" @default.
• W2161632012 title "The solution of discretionary stopping problems with applications to the optimal timing of investment decisions" @default.
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