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agricultural products than for those produced in Japan. …
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In this paper, we modify Duan’s (1995) local risk-neutral valuation relationship (mLRNVR) for the GARCH option-pricing models. In our mLRNVR, the conditional variances under two measures are designed to be different and the variance process is more persistent in the risk-neutral measure than...
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compare its profitability against traditional energy sources. Recently, the Kyushu Region of Japan had to curtail some of its … inevitable. It is therefore important to develop methodologies to calculate it. In the case of Japan, curtailment can easily be …
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