In this paper we consider optimal trading processes in economic systems. The analysis is based on accounting for irreversibility factor using wealth function concept.

We consider the evaluation of American options on dividend paying stocks in the case where the underlying asset price evolves according to Heston¿s stochastic volatility model in (Heston, Rev. Financ. Stud. 6:327¿343, ...

This discussion revisits Tong and Lim's seminal 1980 paper on the SETAR model in the context of advances in computation since that time. Using the Canadian lynx data set from that paper, it compares exact maximum likelihood ...