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• W2289950472 abstract "We consider an irreversible capacity expansion model in which additional investment has a strictly negative effect on the value of an underlying stochastic economic indicator. The associated optimisation problem takes the form of a singular stochastic control problem that admits an explicit solution. A special characteristic of this stochastic control problem is that changes of the state process due to control action depend on the state process itself in a proportional way." @default.
• W2289950472 created "2016-06-24" @default.
• W2289950472 creator A5068367692 @default.
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• W2289950472 date "2016-03-21" @default.
• W2289950472 modified "2023-09-27" @default.
• W2289950472 title "Irreversible Capital Accumulation with Economic Impact" @default.
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• W2289950472 doi "https://doi.org/10.1007/s00245-016-9341-9" @default.
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