option to cover this short position at the issue price. We present empirical evidence on the value of these arrangements to … of a long call option and a short position in a forward contract on the stock, which is different from other approaches … presented in the literature. Given the economically substantial values for these option-like claims we try to identify benefits …

investors to optimize their exposure to art. For pricing purposes, non-tradability of the art index is acknowledged and option … option on an art index, derived from one of the most comprehensive data sets of art market transactions. The option allows … prices are derived in an equilibrium setting as well as by replication arguments. In the former, option prices depend on the …

pricing model that draws on a careful simulation of expected loan loss based on parametric bootstrapping through extreme value … of properly pricing the risk premium for expected credit loss, we explain the rationale of first loss retention as credit … risk cover on the basis of our simulation results for pricing purposes under the impact of asymmetric information. …

-based asset pricing model (CBM) using a combination of the simulated method of moments and bootstrapping. We consider several … financial markets implied by the consumption-based asset pricing paradigm. …