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Persistent link: https://www.econbiz.de/10004144737
Summary In this essay we ask why anti-Chinese riots took place in some Indonesian cities but not in others during the upheaval of May 1998. Employing process-tracing within a sub-national comparison of four cities, we argue that anti-Chinese riots in May 1998 were a frame-shifting strategy...
Persistent link: https://www.econbiz.de/10008865519
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The potential of algal biomass as a source of liquid and gaseous biofuels is a highly topical theme, but as yet there is no successful economically viable commercial system producing biofuel. However, the majority of the research has focused on producing fuels from microalgae rather than from...
Persistent link: https://www.econbiz.de/10010960243
To adapt to climate change, forest managers request information on management options for obtaining environmental, societal and economic goals. In this study, we assess the potential of adaptive forest management to influence the productivity and storm sensitivity of nemoral and boreal forest....
Persistent link: https://www.econbiz.de/10011151365
Projections of vegetation distribution that incorporate the transient responses of vegetation to climate change are likely to be more efficacious than those that assume an equilibrium between climate and vegetation. We examine the non-equilibrium dynamics of a temperate forest region under...
Persistent link: https://www.econbiz.de/10011000366
We rigorize the work of Lewis (2007) and Durrleman (2005) on the small-time asymptotic behavior of the implied volatility under the Heston stochastic volatility model (Theorem 2.1). We apply the Gärtner-Ellis theorem from large deviations theory to the exponential affine closed-form expression...
Persistent link: https://www.econbiz.de/10008474826
We derive a closed-form expression for the stock price density under the modified SABR model [see section 2.4 in Islah (2009)] with zero correlation, for β = 1 and β 1, using the known density for the Brownian exponential functional for μ = 0 given in Matsumoto and Yor (2005), and then...
Persistent link: https://www.econbiz.de/10009194526
We derive a large-time large deviation principle for the log stock price under an uncorrelated stochastic volatility model. For this we use a Donsker-Varadhan-type large deviation principle for the occupation measure of the Ornstein-Uhlenbeck process, combined with a simple application of the...
Persistent link: https://www.econbiz.de/10009143270
Persistent link: https://www.econbiz.de/10009400212