Associate Professor Department Chair
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Research Interests:
Publications:
Papers in refereed journals
S. Chen and M. Insley, Regime switching in stochastic models of commodity prices: An application to an optimal tree harvesting problem, forthcoming in the Journal of Economic Dynamics and Control, Published online 21-SEP-2011 DOI information: 10.1016/j.jedc.2011.08.010
M. Insley and T. Wirjanto, Contrasting two approaches in real options valuation: contingent claims versus dynamic programming, Journal of Forest Economics, 16(2), 157-176, April 2010.
M. Insley and M. Lei “Hedges and trees: incorporating fire risk into optimal decisions in forestry using a no-arbitrage approach,” Journal of Agricultural and Resource Economics, 32(3): 492-514, December 2007.
M. Insley and K. Rollins, “On solving the multi-rotational timber harvesting problem with stochastic prices: a linear complementarity approach”, American Journal of Agricultural Economics, vol. 87, No. 3, 735-755, 2005.
M. Insley, “On the option to invest in pollution control under a regime of tradable emissions allowances”, Canadian Journal of Economics, Vol 36, No. 4, 860-883, 2003.
M. Insley, A Real Options Approach to the Valuation of a Forestry Investment, Journal of Environmental Economics and Management, Vol. 44, 471-492, 2002.
M. Forsyth*, On the Option Value of Preserving a Wilderness Area, Canadian Journal of Economics, Vol. 33, No.2, 413-434, May 2000.
* Name change from Forsyth to Insley in 2002.