In chapter 1, we study the investment behavior of firms faced with uncertainty, irreversibility and non-convex adjustment costs when output can be stored. A discrete-time dynamic optimization problem is solved numerically using neural networks to study the investment problem. Our numerical results suggest that whether or not firms can store...
Both chapters of this dissertation relate to the aggregate value of corporations in an economy. In particular, they relate to the ratio of the aggregate total market value of corporations over the replacement cost of their recorded capital. The first chapter introduces a model that can explain why this ratio...
Meeting the exploding demand for wireless data services will require access to new wireless spectrum. However, the traditional approach of clearing spectrum and reallocating is becoming increasingly difficult. This in turn has led to much interest in new approaches for sharing spectrum among different users, such as the those being...