Results 31 to 40 of about 104 (104)
Robust CDF‐Filtering of a Location Parameter
Journal of Time Series Analysis, EarlyView.ABSTRACT This paper introduces a novel framework for designing robust filters associated with signal plus noise models having symmetric observation density. The filters are obtained by a recursion where the innovation term is a transform of the cumulative distribution function of the residuals.
Leopoldo Catania +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
The fundamental theorem of asset pricing with and without transaction costs
Mathematical Finance, Volume 35, Issue 2, Page 567-609, April 2025.Abstract We prove a version of the fundamental theorem of asset pricing (FTAP) in continuous time that is based on the strict no‐arbitrage condition and that is applicable to both frictionless markets and markets with proportional transaction costs. We consider a market with a single risky asset whose ask price process is higher than or equal to its ...
Christoph Kühn
wiley +1 more source
Metroeconomica, EarlyView.ABSTRACT We propose a demand‐led heterogeneous firm macroeconomic model to study the impact of an exchange rate devaluation on output and financial stability. We simulate the model and find that, in the presence of foreign debt, a devaluation can have contractionary effects.
Lucca Gustafson Rodrigues +2 more
wiley +1 more source
Mind &Language, EarlyView.Do large language models (“LLMs”) think? Daniel Stoljar and Zhihe Vincent Zhang have recently developed an argument from rationality for the claim that LLMs do not think. We contend, however, that the argument from rationality not only falters, but leaves open an intriguing possibility: that LLMs engage only in arational, associative forms of thinking ...
Joseph Gottlieb +2 more
wiley +1 more source
Tariff Transmission Across US Customs Districts: Product‐Level Evidence From Successive Trade Shocks
The World Economy, EarlyView.ABSTRACT This paper asks how US tariffs on Chinese imports reshape trade across the nation's customs districts, and whether a district's earlier reliance on China shapes how deeply its imports fall. We build a monthly panel of HS6‐level US imports from eleven source countries arriving through eight customs districts between January 2017 and December ...
Wenhao Yao, Shimiao Su, Yunan Yao
wiley +1 more source
Rational points on even‐dimensional Fermat cubics
Transactions of the London Mathematical Society, Volume 13, Issue 1, December 2026.Abstract We show that even‐dimensional Fermat cubic hypersurfaces are rational over any field of characteristic not equal to three, by constructing explicit rational parameterizations with polynomials of low degree. As a byproduct of our rationality constructions, we obtain estimates for the number of their rational points over a number field and ...
Alex Massarenti
wiley +1 more source
Stochastic Gradient Descent in High Dimensions for Multi‐Spiked Tensor PCA
Communications on Pure and Applied Mathematics, Volume 79, Issue 10, Page 2291-2369, October 2026.ABSTRACT We study the high‐dimensional dynamics of online stochastic gradient descent (SGD) for the multi‐spiked tensor model. This multi‐index model arises from the tensor principal component analysis (PCA) problem with multiple spikes, where the goal is to estimate the unknown signal vectors within the N$N$‐dimensional unit sphere through maximum ...
Gérard Ben Arous +2 more
wiley +1 more source
Markup Centrality and International Incidence in Global Production Networks
Review of International Economics, Volume 34, Issue 4, Page 891-903, September 2026.ABSTRACT This paper develops a framework to measure how markups amplify prices through global production networks and to attribute final‐demand price wedges to upstream country‐industry sources. The approach defines a compound markup as the ratio of observed prices to counterfactual pure‐cost prices that would prevail if all markups in the network were
Constantin Colonescu
wiley +1 more source
Local Asymmetric Least Squares (LAsLS) for Noisy and Complex Baseline Correction
Journal of Chemometrics, Volume 40, Issue 8, August 2026.ABSTRACT The asymmetric least squares (AsLS) method is commonly used and works well when baseline characteristics are relatively uniform, but can be less accurate for non‐uniform, complex, or noisy baselines. Here, we present local AsLS (LAsLS), a local extension of AsLS that preserves the original penalized least‐squares framework while allowing ...
Adrián Gómez‐Sánchez +2 more
wiley +1 more source