4 papers · 1 filter
Bayesian Signaling and Entry Decisions under Uncertain Market Conditions
Mustapha Nyenye Issah, Paramahansa Pramanik
We develop a continuous-time entry-deterrence game in which market demand evolves according to the Chan-Karolyi-Longstaff-Sanders (CKLS) stochastic differential equation, allowing…
Stochastic Choice with Distribution-Dependent Preferences
Paramahansa Pramanik
We develop a continuous-time stochastic choice theory with endogenous preference evolution. Unlike dynamic random utility, observed behavior affects future preferences through the…
The Quantum Structure of Markets: Linking Hamiltonian-Jacobi-Bellman Dynamics to Schrodinger Equation through Feynman Action
Paramahansa Pramanik
We develop a Euclidean path-integral control to characterize optimal firm behavior in an economy governed by Walrasian equilibrium, Pareto efficiency, and non-cooperative Markovian…
Impact of random monetary shock: a Keynesian case
Paramahansa Pramanik, Lambert Dong
This study investigates the optimal strategy for a firm operating in a dynamic Keynesian market setting. The firm's objective function is optimized using the percent deviations fro…