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	Provedor de dados AgEcon (2) Autor Beard, Rodney (1) Chen, Yu-Fu (1) Funke, Michael (1) Wegener, Malcolm K. (1) Palavra-chave Real Option Theory (2) D81 (1) E24 (1) Employment (1) Exchange Rates (1) F31 (1) Financial Economics (1) Ito Calculus (1) J23 (1) Labor and Human Capital (1) Labour Demand (1) Optimal Stopping (1) Production Economics (1) Seasonality (1) Stochastic Differential Games. (1) Sugarcane Harvesting (1) Uncertainty (1) Working Time (1) Mais... Tipo do documento Presentation (1) Working or Discussion Paper (1) Ano 2002 (1) 1999 (1) País United States (2) Idioma Inglês (2)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 2 Primeira ... 1 ... Última Exchange Rate Uncertainty and Labour Market Adjustment under Fixed and Flexible Exchange Rates AgEcon Chen, Yu-Fu; Funke, Michael. The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we follow the real options approach, which allows us to investigate the value to a firm of waiting to adjust labour when the firm´s revenues in domestic currency are stochastic and adjustment costs are sunk. The simulations reject the null hypothesis that all exchange rate regimes obey common employment adjustment thresholds. Tipo: Working or Discussion Paper Palavras-chave: Real Option Theory; Uncertainty; Working Time; Employment; Labour Demand; Exchange Rates; Financial Economics; Labor and Human Capital; D81; E24; J23; F31. Ano: 2002 URL: http://purl.umn.edu/26287 The Optimal Season Length for a Sugar Mill in the Australian Sugar Industry AgEcon Beard, Rodney; Wegener, Malcolm K.. In this paper we present a model of the optimal crushing season length for sugar cane. The approach taken is to view the optimal season length problem as an optimal stopping problem for both the Mill and a representative grower. We formulate the optimal stopping problems for both Mill and grower based on \real option" theory using Ito calculus. Because the interests of the Mill and growers do not coincide this results in a stochastic differential game of optimal stopping. We solve the model numerically using a finite difference algorithm. Tipo: Presentation Palavras-chave: Sugarcane Harvesting; Seasonality; Real Option Theory; Optimal Stopping; Ito Calculus; Stochastic Differential Games.; Production Economics. Ano: 1999 URL: http://purl.umn.edu/123762 Registros recuperados: 2 Primeira ... 1 ... Última

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