Reservation Prices in Optimal Stopping | Zendy

Atle Seierstad | Zendy

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Reservation Prices in Optimal Stopping

Author(s) -

Atle Seierstad

Publication year - 1992

Publication title -

operations research

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 3.797

H-Index - 140

eISSN - 1526-5463

pISSN - 0030-364X

DOI - 10.1287/opre.40.2.409

Subject(s) - reservation , optimal stopping , reservation price , point (geometry) , asset (computer security) , mathematical economics , property (philosophy) , economics , computer science , microeconomics , mathematical optimization , mathematics , financial economics , computer network , philosophy , geometry , computer security , epistemology

In an optimal stopping problem where bids on an asset are received, conditions are given that ensure the so-called reservation price property, namely, if a certain price is accepted, then any higher price would also have been accepted at that point in time. The approach followed in this paper is similar to that pursued by D. B. Rosenfield and R. D. Shapiro in 1981.

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