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We investigate the impact of exogenous local conditions which favour high market concentration on supply, price and … supply capacity as a market outcome alongside price and quality; (ii) taking account of the chain structure of care home … supply and differences between the nursing home and residential care home sectors; (iii) introducing a new econometric …
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Within the structural approach for credit risk models we discuss the optimal exercise of the callable and convertible bonds. The Vasiček-model is applied to incorporate interest rate risk into the firm’s value process which follows a geometric Brownian motion. Finally, we derive pricing...
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Within a default intensity approach we discuss the optimal exercise of the callable and convertible bonds. Pricing bounds for convertible bonds are derived in an uncertain volatility model, i.e. when the volatility of the stock price process lies between two extreme values.
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