Table des Matieres / Table of Contents -- Theorie Du Filtrage / Filtering Theory -- Filtering for linear stochastic hereditary differential systems -- A Kalman-Bucy filtering theory for affine hereditary differential equations -- Linear least-squares estimation of discrete-time stationary...

1: Einleitung: Die Zukunft des Luxus -- 2: Die Branche ist etwas Besonderes -- 3: Vorsichtige Schritte in Richtung Digitalisierung -- 4: Kundenzentrierung ist der Schlüssel -- 5: Digitale Transformation der Omni-personal Customer Journey -- 6: Wie man Omni-personal wird -- 7: Fazit: Beginnen...

This paper studies the problem of pricing contingent claims in a market which has frictions in the form of costs, such as penalty functions corresponding to constraints. An arbitrage-free interval is identified, and a fair price based upon utility functions is proposed. It provides a framework...