This paper investigates the behavior of long zero-coupon rates and its consequences for usual arbitrage models of the term structure.

We infer in this paper a rather general probabilistic stochastic control method for some problems occurring in parametrical statistics, illustrated by two examples of accelerated life testing.

We are concerned with different properties of backward stochastic differential equations and their applications to finance. These equations, first introduced by Pardoux and Peng (1990), are useful for the theory of contingent claim valuation, especially cases with constraints and for the theory...