Optimal Starting-Stopping and Switching of a CIR Process with Fixed Costs
نویسندگان
چکیده
منابع مشابه
Continuous-time Shortest Path Problems with Stopping and Starting Costs
We describe a general solution method for the problem of finding the shortest path between two vertices of a graph in which each edge has some transit time, costs can vary with time, and stopping and parking (with corresponding costs) are allowed at the vertices.
متن کاملOptimal Pricing of Services with Switching Costs
Customer switching costs are an important factor in account-based services such as telecommu-nications, financial, insurance and brokerage services. In these businesses, existing customersincur significant costs if they switch to another provider. Such costs include physical config-uration and installation costs, contractual costs (e.g. termination fees) and cognitive costs ofle...
متن کاملDouble optimal stopping of a risk process
The following problem in risk theory is considered. An insurance company, endowed with an initial capital a . 0, receives insurance premiums and pays out successive claims. The losses occur according to renewal process. At any moment, the company may broaden or narrow down the offer, what entails the change of the parameters. This change concerns the rate of income, the intensity of renewal pro...
متن کاملa comparison of teachers and supervisors, with respect to teacher efficacy and reflection
supervisors play an undeniable role in training teachers, before starting their professional experience by preparing them, at the initial years of their teaching by checking their work within the proper framework, and later on during their teaching by assessing their progress. but surprisingly, exploring their attributes, professional demands, and qualifications has remained a neglected theme i...
15 صفحه اولOptimal Tax Base with Administrative Fixed Costs
This note characterizes the optimal base for commodity taxation in the presence of administrative fixed costs varying across goods. For low tax rates, the optimal base only comprises commodities whose discouragement index is greater than the ratio of their administrative costs to the tax they yield. An illustration with UK data shows that a category of goods should be taxed only if the revenue ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2503440