Results 141 to 150 of about 278,525 (306)
In this paper we study the detailed distributional properties of integrated non-Gaussian OU (intOU) processes. Both exact results and approximate results are given. We emphasise the study of the tail behaviour of the intOU process.
Neil Shephard, Ole E. Barndorff-Nielsen
core
Time Integrals Under the Black–Scholes–Merton and Margrabe Economies
Journal of Futures Markets, EarlyView.ABSTRACT The problem of integrating the Black, Scholes, and Merton (BSM) formula with respect to the time variable is paramount for an economist. Inspired by the real options literature, Shackleton and Wojakowski offer analytic formulae for valuing finite maturity (profit) caps and floors that are contingent on continuous flows following a lognormal ...
José Carlos Dias +3 more
wiley +1 more source
Modelling induced innovation for the low-carbon energy transition: a menu of options
Environmental Research LettersInduced innovation is a multi-faceted process characterized by interaction between demand-pull forces, path-dependent self-reinforcing change, and the cost reduction of technology that occurs with cumulative deployment.
Roberto Pasqualino +14 more
doaj +1 more source
"The Contributions of Professors Fischer Black, Robert Merton, and Myron Scholes to the Financial Services Industry" [PDF]
This paper is written as a tribute to Professors Robert Merton and Myron Scholes, winners of the 1997 Nobel Prize in economics, as well as to their collaborator, the late Professor Fischer Black.
Takao Kobayashi, Terry Marsh
core
Geological Journal, EarlyView.Energy security risk has a positive impact on material footprint. Renewable energy consumption reduces material footprint. ABSTRACT Following a high economic growth path, the group of G7 economies is found to be utilising more and more material, causing a material footprint (MF), which in turn contributes to pollution.
Serhat Çamkaya +4 more
wiley +1 more source
Asymptotic Analysis of Poverty Dynamics via Feller Semigroups
MathematicsPoverty is a multifaceted phenomenon impacting millions globally, defined by a deficiency in both material and immaterial resources, which consequently restricts access to satisfactory living conditions. Comprehensive poverty analysis can be accomplished
Lahcen Boulaasair +2 more
doaj +1 more source
The price puzzle and indeterminacy in an estimated DSGE model [PDF]
We extend Lubik and Schorfheide's (2004) likelihood-based estimation of dynamic stochastic general equilibrium (DSGE) models under indeterminacy to encompass a sample period including both determinacy and indeterminacy by implementing the change-point ...
Anatoliy Belaygorod, Michael J. Dueker
core
Further Findings on the Intergenerational Transmission of Alcohol Consumption
Health Economics, EarlyView.ABSTRACT Using 43,817 parent–child pairs from 23 waves of the HILDA Survey, I study the intergenerational transmission of alcohol use within a rational model of trait transmission. Transmission is predominantly same‐sex: the mother–daughter elasticity is 0.10 and the father–son elasticity is 0.09; there is no father–daughter effect.
Sergey Alexeev
wiley +1 more source
Alternative Price Dynamics and Valuation of Flexible Strategies
International Journal of Finance &Economics, EarlyView.ABSTRACT In this article, we study the optimal operational strategy of production projects. We investigate different underlying price models and determine the optimal barriers of transition to suspension, recovery, or irreversible abandonment of productive activity.
Cristina Bertolosi +2 more
wiley +1 more source
Soil conservation and technical efficiency among hillside farmers in Central America: a switching regression model [PDF]
The main objective of this paper is to evaluate and analyse technical efficiency (TE) levels for hillside farmers under different levels of adoption of soil conservation in El Salvador and Honduras.
Bravo-Ureta, Boris E. +2 more
core +1 more source