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  Far East Journal of Applied Mathematics  
 ISSN: 0972-0960
 
 
 

     Far East Journal of Applied Mathematics
    Volume 33, Issue 1, Pages 121 - 140 (October 2008)


NUMERICAL PROCEDURE OF ADDRESSING THE OPTIMAL STOPPING TIME OF EMPlOYER’S PROFILE FORMATION OPTION

Georgios Dimakos (Greece) and Athina Karantzi (Greece)

Received June 6, 2008

References:



[1] G. Dimakos, Economics of Education, Athens, 2004, pp. 151-181.

[2] G. Psacharopoulos, Economics of Education, Athens, 1999.

[3] R. J. Elliott and Ekkehard Kopp, Mathematics of Financial Markets, Springer-Verlag, New York, 1999.

[4] Y. S. Chow, Herbert Robbins and David Siegmund, 1971.

[5] Ioannis Karantzas and S. E. Shreve, Methods of Mathematical Finance, Springer-Verlag, New York, 1998.

[6] Damien Lamberton and Bernard Lapeyre, Introduction to Stochastic Calculus Applied to Finance, Chapman and Hall, London, 1996.

[7] J. Neveu, Discrete-Parameter Martingales, North-Holland Publishing Company, Amsterdam, 1975.

[8] OCD, Enseignement et developpement, Politique de formation dans des conditions de progress technique, Une etude theorique. Par c.c. Von Weizsacker.

[9] R. Lucas, On the mechanics of economic development, J. Monetary Econo. 22 (1988).

[10] P. Romer, Endogenous technical change, J. Political Economy, 1992.

[11] J. C. Hull, Options, Futures and Other Derivatives, International Edition, Third Edition, pp. 1-16, 138-288, 457-490.

[12] Z. Bodie and Robert C. Merton, Finance, Prentice Hall, Inc. (Prelim. Edition), 1998.

[13] G. Dimakos and A. Karantzi, Optimal stopping time for stochastic processes: an application to the employer’s formation option, PanAmerican Math. J. 18(3) (2008), 1-13

Keywords and phrases: optimal stopping theory, Martingale, price theory and market structure.

 


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