Globalization has become the buzzword for many economies today that fails them to think in isolation for their own good. Today, developing economies race to exploit maximum growth opportunities without ever considering social costs associated. One such cost can be seen on the level of Employment...

This paper is concerned with regime-switching American option pricing. We develop new numerical schemes by extending the penalty method approach and by employing the θ-method. With regime-switching, American option prices satisfy a system of m free boundary value problems, where m is the number...

This paper is concerned with regime-switching American option pricing. We develop new numerical schemes by extending the penalty method approach and by employing the θ-method. With regime-switching, American option prices satisfy a system of m free boundary value problems, where m is the number...