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Persistent link: https://www.econbiz.de/10010424569
We develop two novel approaches to solving for the Laplace transform of a time-changed stochastic process. We discard the standard assumption that the background process (X<sub>t</sub>) is Levy. Maintaining the assumption that the business clock (T<sub>t</sub>) and the background process are independent, we develop...
Persistent link: https://www.econbiz.de/10013083784
Persistent link: https://www.econbiz.de/10011583796