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Entry and Exit Decisions in an Equilibrium Model under Stochastic Shocks.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Entry and Exit Decisions in an Equilibrium Model under Stochastic Shocks./
Author:	Shen, Keshi.
Description:	1 online resource (52 pages)
Notes:	Source: Masters Abstracts International, Volume: 55-04.
Subject:	Economics. -
Online resource:	click for full text (PQDT)
ISBN:	9781339799438

Entry and Exit Decisions in an Equilibrium Model under Stochastic Shocks.
Shen, Keshi.

Entry and Exit Decisions in an Equilibrium Model under Stochastic Shocks. - 1 online resource (52 pages)

Source: Masters Abstracts International, Volume: 55-04.

Thesis (M.S.)--Tufts University, 2016.

Includes bibliographical references

This thesis considers two different aspects of investors' entry and exit decisions under stochastic shock. First, I investigate the characteristics of entry and exit decisions of a portfolio choice under uncertainty and how the decisions are influenced by the uncertainty. The model result shows that by adding a risk free asset the exit trigger price of the risky asset is necessarily lower than the Marshallian setting while the entry price is not necessarily higher. Also, I identified the influences of marginal cost, fixed cost and uncertainty on the entry and exit decisions. Secondly, I analyze the relationship of entry and exit rates with cost structure and price volatility using subsector level data. The regression results indicate that the uncertainty is positively linked with the entry rate because the option value is increasing with the volatility. Also, fixed cost is likely to be the factor that generates the hysteresis and widens the inaction zone.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9781339799438Subjects--Topical Terms:

555568
Economics.
Index Terms--Genre/Form:

554714
Electronic books.

Entry and Exit Decisions in an Equilibrium Model under Stochastic Shocks.
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245 1 0 $a Entry and Exit Decisions in an Equilibrium Model under Stochastic Shocks.
264 0 $c 2016
300 $a 1 online resource (52 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
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500 $a Source: Masters Abstracts International, Volume: 55-04.
500 $a Adviser: Marcelo Bianconi.
502 $a Thesis (M.S.)--Tufts University, 2016.
504 $a Includes bibliographical references
520 $a This thesis considers two different aspects of investors' entry and exit decisions under stochastic shock. First, I investigate the characteristics of entry and exit decisions of a portfolio choice under uncertainty and how the decisions are influenced by the uncertainty. The model result shows that by adding a risk free asset the exit trigger price of the risky asset is necessarily lower than the Marshallian setting while the entry price is not necessarily higher. Also, I identified the influences of marginal cost, fixed cost and uncertainty on the entry and exit decisions. Secondly, I analyze the relationship of entry and exit rates with cost structure and price volatility using subsector level data. The regression results indicate that the uncertainty is positively linked with the entry rate because the option value is increasing with the volatility. Also, fixed cost is likely to be the factor that generates the hysteresis and widens the inaction zone.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Economics. $3 555568
655 7 $a Electronic books. $2 local $3 554714
690 $a 0501
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a Tufts University. $b Economics. $3 1181051
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10118614 $z click for full text (PQDT)