scholarly journals The Solution of Discretionary Stopping Problems with Applications to the Optimal Timing of Investment Decisions

2014 ◽  
Author(s):  
Timothy C. Johnson
Keyword(s):  
Investment Decisions ◽  
Optimal Timing ◽  
Discretionary Stopping

Legislate Today or Wait Until Tomorrow? An Investment Approach to Lawmaking

2005 ◽  
Vol 23 (1) ◽  
pp. 19-41 ◽  
Author(s):  
Francesco Parisi ◽  
Nita Ghei
Keyword(s):  
Social Change ◽  
Real World ◽  
Formal Model ◽  
Investment Decisions ◽  
Optimal Timing ◽  
Privacy Regulation ◽  
Environmental Laws ◽  
Decisions Under Uncertainty ◽  
The Future ◽  
The Law

Abstract The process of implementing new laws in an environment of social change shares many characteristics with the process of making investment decisions under uncertainty. In any society that is not totally static, the law maker faces uncertainty about its evolution. Thus, the lawmaker cannot know with certainty what the appropriate law will be in the future, and therefore cannot know with certainty what the future stream of benefits from the law will be. In addition, implementing a new law necessitates the outlay of resources in formulating and enforcing the law, just as investment in a new project does. The costs of implementing a new law are largely sunk, and irreversible. In determining the optimal timing of adoption of new laws, the value of the option of waiting must be taken into account. We present a formal model drawn from the investment literature to demonstrate the value of waiting, and discuss its implications in the context of two real world legislative problems, environmental laws and privacy regulation.

On Privatizing State Property

2004 ◽  
pp. 54-69
Author(s):  
J. Anderson
Keyword(s):  
Capital Investment ◽  
Investment Decisions ◽  
Optimal Timing ◽  
Tax Rates ◽  
Net Income ◽  
Optimal Amount ◽  
Manufacturing Enterprises ◽  
Timing Model ◽  
Comparative Static Analysis ◽  
Before And After

The process of privatizing state-owned property assets such as agricultural or manufacturing enterprises is considered in the paper. An optimal timing model is employed to investigate the question of the best time to privatize a state-owned property asset. Beyond the optimal timing question, the author also analyses the simultaneous question of the optimal amount of new fixed investment that should accompany privatization. In both cases, comparative static analysis is employed to determine how fluctuations in net income streams before and after privatization and tax rates that apply to land and capital improvements affect the optimal timing and capital investment decisions. The results provide important insights for the design of privatization policies.

387: The Optimal Timing, Cutoff and Method of Calculation of Preoperative PSA Velocity to Predict Relapse after Prostatectomy: A Report from Search

2007 ◽  
Vol 177 (4S) ◽  
pp. 128-129
Author(s):  
Christopher R. King ◽  
Stephen J. Freedland ◽  
Martha K. Terris ◽  
William J. Aronson ◽  
Christopher J. Kane ◽  
...  
Keyword(s):  
Optimal Timing ◽  
Method Of Calculation ◽  
Psa Velocity

Self-predictions of investment decisions under narrow and broad bracketing

2007 ◽  
Author(s):  
Rebecca J. White ◽  
Derek J. Koehler ◽  
Annie Li
Keyword(s):  
Investment Decisions
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