28 citations · 117 across the 37 of their papers we have counts for
5 papers · 1 filter
Optimal switch from a fossil-fueled to an electric vehicle
Paolo Falbo, Giorgio Ferrari, Giorgio Rizzini +1
In this paper we propose and solve a real options model for the optimal adoption of an electric vehicle. A policymaker promotes the abeyance of fossil-fueled vehicles through an in…
Optimal Consumption with Intertemporal Substitution under Knightian Uncertainty
Giorgio Ferrari, Hanwu Li, Frank Riedel
We study an intertemporal consumption and portfolio choice problem under Knightian uncertainty in which agent's preferences exhibit local intertemporal substitution. We also allow…
Taming the spread of an epidemics by lockdown policies
Salvatore Federico, Giorgio Ferrari
We study the problem of a policymaker who aims at taming the spread of an epidemic while minimizing its associated social costs. The main feature of our model lies in the fact that…
Optimal Dividend Payout under Stochastic Discounting
Elena Bandini, Tiziano De Angelis, Giorgio Ferrari +1
Adopting a probabilistic approach we determine the optimal dividend payout policy of a firm whose surplus process follows a controlled arithmetic Brownian motion and whose cash-flo…
A Knightian Irreversible Investment Problem
Giorgio Ferrari, Hanwu Li, Frank Riedel
In this paper, we study an irreversible investment problem under Knightian uncertainty. In a general framework, in which Knightian uncertainty is modeled through a set of multiple…