Goswami, Anindya; Saini, Ravi Kant - In: Cogent Economics & Finance 2 (2014) 1, pp. 1-11
It is known that the risk minimizing price of European options in Markovmodulated market satisfies a system of coupled PDE, known as generalized B-S-M PDE. In this paper, another system of equations, which can be categorized as a Volterra integral equations of second kind, are considered. It is...
