Luis
Alvarez Esteban
Professor, Department of Accounting and Finance
PhD (Economics) 1994, PhD (Applied Mathematics) 1997
Areas of expertise
Stochastic control theory
optimal stopping
impulse control
singular control
diffusion processes
real options
mathematical finance
Biography
I have been a Professor of Quantitative Methods in Management (focusing mainly on mathematical finance and mathematical economics) at the Turku School of Economics (University of Turku) since 2001. My educational and professional background is as follows: I originally studied economics and applied mathematics at University of Turku (UTU) for 1987-1988. For 1989-1994 I worked at the Department of Economics and obtained my first PhD in Economics in 1994. After that I moved to the Department of Mathematics and worked there for 1995-2000. During that period I completed my second PhD in Applied Mathematics in 1997.
Teaching
Mathematical finance, Interest rate derivatives and valuation, Quantitative methods in finance
Research
Stochastic control theory and its applications, optimal stopping and its applications, diffusion processes, real options, stopping games, optimal rotation problems, Faustmann's formula
Publications
Zero Coupon Bonds and Affine Term Structures: Reconsidering the One-factor model (1998)
Insurance: Mathematics and Economics
(Vertaisarvioitu alkuperäisartikkeli tai data-artikkeli tieteellisessä aikakauslehdessä (A1))
Tax policy uncertainty and a corporation: Theory of tax-induced investment spurts (1998)
Journal of Public Economics
(Vertaisarvioitu alkuperäisartikkeli tai data-artikkeli tieteellisessä aikakauslehdessä (A1))
Optimal harvesting of stochastically fluctuating populations (1998)
Journal of Mathematical Biology
(Vertaisarvioitu alkuperäisartikkeli tai data-artikkeli tieteellisessä aikakauslehdessä (A1))
Demand Uncertainty and the Value of Supply Opportunities (1996)
Journal of Economics
(Vertaisarvioitu alkuperäisartikkeli tai data-artikkeli tieteellisessä aikakauslehdessä (A1))