Black-Scholes formula; option-pricing theory; equivalent martingale measure; Esscher transform; perpetual American call option; perpetual American put option; perpetual

Ford and Rockefeller foundations, to transplant in Chile an economic ideology of free market. competition surpassed the strategists’ own expectations: a country that was

KEYWORDS: Ship-recycling, Hong Kong Convention, Basel Convention, Indonesia, Inventory Hazardous Material, Ship Recycling Facility... Table

Sustained efficacy with low and similar rates of virologic failures in second year observed with rilpivirine (RPV) versus efavirenz (EFV) plus

If (i) prevails, you should purchase the option, adopt an optimal exercise policy and adopt a trading strategy that is equivalent to selling the security with payoff Y τ ∗ (t).. 12

This thesis, taking the case of the perpetual down-and-out call option for ex- ample, discusses a stochastic volatility model for pricing perpetual American barrier options where

The purpose of this article is to give a brief description to the foresight as a technology of anticipation and identification of the most promising points in the regional

the production, processing and handling of coffee. It is not certain whether OTA-producing fungi can infect coffee fruits and grow to 206 produce OTA still on the

From five termite mounds, five grazing lawns and five control sites, we collected composite soil samples, mixed the soil of each category separately, distributed each composite

With these definitions from the optimal stopping literature in mind, we note that the problem of pricing a perpetual American option and determining the optimal stopping strategy

More recently, Guo and Zervos [61] derived solutions for discounted optimal stopping problems related to the pricing of perpetual American options with certain payoff

provided or still being prepared for the reprocessing of spent fuel elements and the disposal of their wastes or the storage without prior reprocessing. When demonstrating

More recently, Guo and Zervos [17] derived solutions for discounted optimal stopping problems related to the pricing of perpetual American options with certain payoff

While the practice of sacred chant in communist Romania was carried out chiefly within ecclesiastical enclaves, 6 musicological research was entirely super- vised by a lay

Based on this dual characterization of the price function, we use Monte Carlo simulation and an initial approximation to the value function to construct tight upper and lower bounds

also consider the pricing of the extremum options for the two risky-assets types. Elliott and Chan [8] obtained a closed-from solution for perpetual American options whose

Citywide technical adjustments made in the "Baseline Phase" reflect changes due to inflation, central cost allocations, retirement, healthcare, workers' compensation,

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