We consider a common resource economy in which agents exploit the common resource, and use it to produce goods and consume the goods produced. Also the agents can invest in private and productive capital. The resource extracted from the common resource is non-renewable and the common pool is...

In this paper, we propose a data and digital-contracts driven (DDCD) method for pricing various complex options. The DDCD method is a combination of nonparametric and parametric methods. In general, nonparametric data driven methods use observed data as training data of a learning network...