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In this paper we consider the pricing of point-to-point bandwidth leasing contracts and options. The underlying asset … of these contracts is a point-to-point telecommunications connection. Due to the network structure the network capacity … the seller of the connection selects the cheapest path between the points. Therefore, a bandwidth option is a compound …
Persistent link: https://www.econbiz.de/10010950102
The mainstream model of option pricing is based on an exogenously given process of price movements. The implication of this assumption is that price movements are not affected by actions of market participants. However, if we assume that there are indeed impacts on the price movements it no...
Persistent link: https://www.econbiz.de/10010301361
Persistent link: https://www.econbiz.de/10011762580
The mainstream model of option pricing is based on an exogenously given process of price movements. The implication of this assumption is that price movements are not affected by actions of market participants. However, if we assume that there are indeed impacts on the price movements it no...
Persistent link: https://www.econbiz.de/10009226172
Purpose Retail properties are a perfect example of a property class where revenues determine the rent for the property owners. Estimating the value of new retail developments is challenging, as the initial revenues can have a significant variance from the long-term revenue levels. Owners and...
Persistent link: https://www.econbiz.de/10014898852
Persistent link: https://www.econbiz.de/10011885783
For some activities, where some agents do not have permanent funding, it is necessary to resort to leasing. External leasing operations have to be billed by the beneficiaries in Romania, registered as payers of value added tax. This operation is made on the date fixed by contract for payment of...
Persistent link: https://www.econbiz.de/10005079317
In this article we intend to present a software model, made with the help of the generator of management expert systems Exsys Proffesional / Corvid / Developer, a program to help us in the sub-stantiation decision to invest in an asset of the nature of the land or construction appealing to the...
Persistent link: https://www.econbiz.de/10008740634
Persistent link: https://www.econbiz.de/10015044798
This paper deals with optimal window width choice in non-parametric lag- or spectral window estimation of the spectral density of a stationary zero-mean process. Several approaches are reviewed: the cross-validation based methods described by Hurvich (1985), Beltrao & Bloomfield (1987) and...
Persistent link: https://www.econbiz.de/10010291907