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Essays in Finance

Description:

In chapter 1, we study the investment behavior of firms faced with uncertainty, irreversibility and non-convex adjustment costs when output can be stored. A discrete-time dynamic optimization problem is solved numerically using neural networks to study the investment problem. Our numerical results suggest that whether or not firms can store...

Keyword:

Commodity prices, Storage, Disclosure, Convenience yield, Investment, and Irreversibility

Subject:

Finance

Creator:

Caroline-Anne Sasseville

Owner:

Scholarly Digital Publishing

Date Uploaded:

08/14/2018

Date Modified:

08/14/2018

Date Created:

2007-07-09

Resource Type:

Dissertation