Results 131 to 140 of about 1,541,248 (274)
Connectivity and Selective Rural Migration
International Economic Review, EarlyView.ABSTRACT How does infrastructure shape rural development? Using household panel data from a nationally representative sample of Chinese villages, matched to high‐resolution highway maps, we find that road expansion between 2000 and 2015 operates mainly through reallocation, with less productive farmers scaling down or exiting and more productive ...
Lin Ma +3 more
wiley +1 more source
The Causal Effect of Parents' Education on Children's Earnings
International Economic Review, EarlyView.ABSTRACT We develop and estimate a model of endogenous schooling and earnings to isolate the causal effect of parents' education on children's outcomes. Identification uses earnings differences among children with equal schooling whose parents have different schooling.
Sang Yoon (Tim) Lee +2 more
wiley +1 more source
A Quantile Model of Firm Investment
International Economic Review, EarlyView.ABSTRACT Are firms risk averse? We propose a dynamic model of firm investment under uncertainty that captures firms' risk attitudes through quantile preferences. The firm maximizes its present value, defined as current profits and investment plus the discounted value of the τ$\tau$‐quantile of its value next period.
Heitor Almeida +3 more
wiley +1 more source
A mixed fractional CIR model: positivity and an implicit Euler scheme
We consider a Cox--Ingersoll--Ross (CIR) type short rate model driven by a mixed fractional Brownian motion. Let $M=B+B^H$ be a one-dimensional mixed fractional Brownian motion with Hurst index $H>1/2$, and let $\mathbf{M}=(M,\mathbb{M}^{\mathrm{It\hat{o}}})$ denote its canonical Itô rough path lift.
Zhang, Cong, Cai, Chunhao
openaire +2 more sources
The Evolution of Interest‐Rate Models: From the Yield Curve to the Swaption Cube
Journal of Economic Surveys, EarlyView.ABSTRACT Interest‐rate modelling is often taught as a catalogue of competing stochastic equations, obscuring why models were created and why modern sell‐side desks use several simultaneously. This survey reorganises the field around five layers of a pricing architecture: curve construction; arbitrage‐free dynamics; volatility‐smile representation ...
Xuan Feng +2 more
wiley +1 more source
Kinship Obligations in Nuclear and Extended Family Networks in Italy: A Vignette Study
Journal of Marriage and Family, EarlyView.ABSTRACT Objective This study examines kinship obligations across nuclear and extended family ties, considering variations by support type, gender, and attitudinal moderators regarding the importance attached to emotional closeness, past conflict, reciprocity, and societal judgment.
Marco Tosi +2 more
wiley +1 more source
Measure‐valued processes for energy markets
Mathematical Finance, Volume 35, Issue 2, Page 520-566, April 2025.Abstract We introduce a framework that allows to employ (non‐negative) measure‐valued processes for energy market modeling, in particular for electricity and gas futures. Interpreting the process' spatial structure as time to maturity, we show how the Heath–Jarrow–Morton approach can be translated to this framework, thus guaranteeing arbitrage free ...
Christa Cuchiero +3 more
wiley +1 more source
A fast Chebyshev exponential-integrator solver for stochastic PDEs on bounded domains with non-homogeneous Dirichlet boundary data. [PDF]
MethodsXSarker RC, Islam MS, Rahman A.
europepmc +1 more source
On Short‐Term Behavior of Implied Volatility for Index Options
Mathematical Finance, EarlyView.ABSTRACT This paper investigates short‐term behavior of implied volatility of derivatives written on a market index when the index is constructed using a ranking procedure. Even when stock prices follow geometric Brownian motion dynamics, the ranking mechanism can lead to the observed term structure of at‐the‐money (ATM) implied volatility skew for ...
Huy N. Chau, Duy Nguyen, Thai Nguyen
wiley +1 more source
An effective and accurate semi-implicit time integration scheme for dynamics in nearly- and fully-incompressible hyperelastic solids. [PDF]
J Comput PhysTerrell EM +3 more
europepmc +1 more source