4 papers
An irreversible investment problem with a learning-by-doing feature
Erik Ekström, Yerkin Kitapbayev, Alessandro Milazzo +1
We study a model of irreversible investment for a decision-maker who has the possibility to gradually invest in a project with unknown value. In this setting, we introduce and expl…
Rigidity and default in production networks
Giacomo Como, Fabio Fagnani, Elisa Luciano +2
This paper studies the transmission of productivity shocks in general equilibrium production networks, when firms in different sectors operate under informational rigidity and rely…
An abstract decomposition of measures and its many applications
Alessandro Milazzo, Pietro Siorpaes
We consider a little-known abstract decomposition result for positive measures due to Dellacherie, and show that it yields many decompositions of measures, several of which are new…
Global regularity of the value function in a stopper vs. singular-controller game
Andrea Bovo, Alessandro Milazzo
We study a class of zero-sum stochastic games between a stopper and a singular-controller, previously considered in [Bovo and De Angelis (2025)]. The underlying singularly-controll…