%0 Generic
%A Boyarchenko, Svetlana
%A Levendorskii, Sergei
%D 2010
%F mpra:27999
%K optimal stopping, Levy processes, non-monotone discontinuous payoffs
%T Optimal stopping in Levy models, for non-monotone discontinuous payoffs
%U https://mpra.ub.uni-muenchen.de/27999/
%X We give short proofs of general theorems about optimal entry and exit problems in Levy models, when payoff streams may have discontinuities and be non-monotone. As applications, we consider exit and entry problems in the theory of real options, and an entry problem with an embedded option to exit.