How long should the COVID-19 lockdown continue?

Autor: Jonathan Caulkins, Dieter Grass, Gustav Feichtinger, Richard Hartl, Peter M Kort, Alexia Prskawetz, Andrea Seidl, Stefan Wrzaczek

Publikováno v: PLoS ONE, Vol 15, Iss 12, p e0243413 (2020)

Nations struggled to decide when and how to end COVID-19 inspired lockdowns, with sharply divergent views between those arguing for a resumption of economic activity and those arguing for continuing the lockdown in some form. We examine the choice be

Externí odkaz: https://doaj.org/article/979c0a8da1664186a865c7d868de4651

Dynamic investment strategies and leadership in product innovation

Autor: Michel Yevenunye Keoula, Herbert Dawid, Michael Kopel, Peter M. Kort

Publikováno v: European Journal of Operational Research. 306:431-447

We study the inter-temporally optimal innovation strategies of incumbent manufacturing firms that compete in an established market and can extend their product line through product innovation. Firms invest in production capacity and R&D knowledge sto

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::37dc582edfa437468d8f0a3eca8c86e9
https://doi.org/10.1016/j.ejor.2022.06.046

Preventing environmental disasters in investment under uncertainty

Autor: Peter M. Kort, Carlos Augusto Fernandes de Oliveira, Maria Lavrutich, Cláudia Nunes

Publikováno v: Environmental and resource economics
Environmental & Resource Economics, 83, 199-220. Springer
Environmental and Resource Economics

The paper considers a firm that has the option to invest in a project with an unknown profitability, which is affected by general market uncertainty. The project has the adverse effect that it can cause environmental damage. In case the firm has the

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::129dbef1828391b6708d2f4dfeafe912
https://research.tilburguniversity.edu/en/publications/163a179a-2e3d-4a63-81c0-2ac56dbaaefd

How damaging are environmental policy targets in terms of welfare?

Autor: Simona Bigerna, Verena Hagspiel, Peter M. Kort, Xingang Wen

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::1071d2f035740687a099049fd0ca695f
https://hdl.handle.net/11391/1546073

Optimal double stopping problems for maxima and minima of geometric Brownian motions

Autor: Pavel V. Gapeev, Peter M. Kort, Maria N. Lavrutich, Jacco J. J. Thijssen

Publikováno v: Methodology and Computing in Applied Probability, 24, 789-813. Springer Netherlands
Methodology and computing in applied probability
Methodology and Computing in Applied Probability

We present closed-form solutions to some double optimal stopping problems with payoffs representing linear functions of the running maxima and minima of a geometric Brownian motion. It is shown that the optimal stopping times are th first times at wh

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::23c707abca68db67a87cf2bacf81e68e
https://research.tilburguniversity.edu/en/publications/416d93cb-af0b-4527-821f-8958055b0553