This Paper provides an overview of recent developments in the value and valuation theories, not bypassing last year's Nobel Prize in Economics award to R. Myerson which is treated as the event again heralding the acknowledgment of the individual's worth perspective and its practical impact on...

Interest rate instruments are typically priced by creating a non-arbitrage replicating portfolio in a risk-neutral framework. Bespoke instruments with timing, quanto and other adjustments often present arbitrage opportunities, particularly in complete markets where the difference can be...

Interest rate swaps are an actively traded product in the financial marketplace and are popular for hedging mortgage and corporate loan exposures against rises in interest rates. Asset swaps on the other hand provide a form of asset financing, where investors borrow funds to purchase an asset,...

A new method for calculating reliable discounts for lack of marketability (DLOMs) for Limited Partner (i.e., non-controlling) family limited partnership (FLP) interests, which we term the Managed Asset Portfolio Market (MAPM) Analysis, is developed. DLOMs typically are the largest valuation...

Courts require royalty rate calculations based on rigorous economic foundations. The licensing literature provides limited guidance for royalty rate determination, leaving appraisal report readers wanting a more tangible and objective lens through which to judge the credibility of royalty rate...

Using co-pricing as a means for gaining deep customer insights offers much potential, ultimately expanding profitability and markets. Models of co-pricing could provide new basis for segmenting customers, based on their perceptions of value. Involvement in co-pricing decisions can also offer...

The recent analytical closed-form result ('http://ssrn.com/abstract=2549033' http://ssrn.com/abstract=2549033) discovered by Market Memory Trading L.L.C. (“MMT”) for the probability density function of the European style options with stochastic volatility, considered within the Heston model,...

The first ever explicit formulation of the concept of the option's probability density functions has been introduced in our publications “Breakthrough in Understanding Derivatives and Option Based Hedging - Marginal and Joint Probability Density Functions of Vanilla Options - True...

This paper reports experiments motivated by ongoing controversies regarding tick size in markets. The minimum tick size in a market dictates discrete values at which bids and asks can be tendered by market participants. All transaction prices must occur at these discrete values, which are...