Luis
Alvarez Esteban
Areas of expertise
In natural resource economics: management of renewable resources
In mathematics: Stochastic control theory
Biography
I have been a Professor of Quantitative Methods in Management, with a primary focus 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 the University of Turku (UTU) during 1987–1988. From 1989 to 1994, I worked at the Department of Economics, where I obtained my first PhD in Economics in 1994. My PhD dissertation focused on the impact of anticipated policy changes on firms’ optimal investment policies and, consequently, on their optimal capital accumulation paths. I then moved to the Department of Mathematics, where I worked from 1995 to 2000. During that period, I completed my second PhD in Applied Mathematics in 1997. My second dissertation focused on the application of stochastic control theory to problems arising in economics, finance, and the management of renewable resources.
Teaching
TKM11/LRS23 Quantitative methods in finance
TKMS8/LRS30 Interest rate derivatives and valuation
TKMS10/LRS29 Mathematical finance
Master's Thesis Seminar 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