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    On the One-Dimensional Optimal Switching Problem
    13 years 11 months ago
    On the One-Dimensional Optimal Switching Problem
    Download  www.econ.kyoto-u.ac.jp
    We explicitly solve the optimal switching problem for one-dimensional diffusions by directly employing the dynamic programming principle and the excessive characterization of the ...
    Erhan Bayraktar, Masahiko Egami
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