![Loading...](https://link.springer.com/static/c4a417b97a76cc2980e3c25e2271af3129e08bbe/images/pdf-preview/spacer.gif)
-
Article
Privatization of businesses and flexible investment: a real option approach
In this article, we study the situation, where the opportunity is given to invest into a government-owned business by partial privatization to a private company. After payment of an initial installment cost, t...
-
Article
A Numerical Method for Solving Stochastic Optimal Control Problems with Linear Control
We introduce a numerical method to solve stochastic optimal control problems which are linear in the control. We facilitate the idea of solving two-point boundary value problems with spline functions in order ...
-
Article
Dynamic voluntary provision of public goods with uncertainty: a stochastic differential game model
Fershtman and Nitzan (Eur. Econ. Rev. 35:1057–1067, 1991) presented a continuous dynamic public good game and solved the model for feedback Nash equilibria. Wirl (Eur. J. Polit. Econ. 12:555–560, 1996) extende...