Marine carbon dioxide removal (mCDR) and geological carbon storage in the marine environment (mCS) promise to help mitigate global climate change alongside drastic emission reductions. However, the implementable potential of mCDR and mCS depends, apart from technology readiness, also on...

We revisit stochastic thermodynamics for a system with discrete energy states in contact with a heat and particle reservoir.

In this paper we address the theoretical problem of evaluating the quality option embedded in interest rate futures contracts. We use the martingale properties of the prices of interest-rate contingent claims under different probability measures in order to derive solutions for the value of...