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The multivariate analysis of a panel of economic and financial time series with mixed frequencies is a challenging problem. The standard solution is to analyze the mix of monthly and quarterly time series jointly by means of a multivariate dynamic model with a monthly time index: artificial...
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This paper analyzes situations in which a project consisting of several activities is not realized according to plan. Ifthe project is expedited, a reward arises. Analogously, a penalty arises if the project is delayed. This paper considersthe case of arbitrary nondecreasing reward and penalty...
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In arbitrage-free but incomplete markets, the equivalent martingale measure Q for pricing traded assets is not uniquely … determine the minimal entropy martingale measure in a market where securities are traded with payoffs depending on two types of …
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