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A note on the pricing of American options
Teoriâ veroâtnostej i ee primeneniâ, Tome 48 (2003) no. 1, pp. 169-177 Cet article a éte moissonné depuis la source Math-Net.Ru

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In this paper the optimal stopping problem related to the pricing of perpetual American options in discrete time binomial models is revisited. The value function is calculated for the continuous state space of all real initial values $x>0$ and compared with the solution obtained in the recent literature for a certain discrete state space.
Keywords: American options, optimal stopping. 
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N. Christopeit. A note on the pricing of American options. Teoriâ veroâtnostej i ee primeneniâ, Tome 48 (2003) no. 1, pp. 169-177. http://geodesic.mathdoc.fr/item/TVP_2003_48_1_a10/

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