Dai, Feng; Qin, Zifu - EconWPA - 2004
Based on the Partial Distribution[16], [17], we presents the concepts and expressions of DF process and DF structure … and put forward the DF structure models of pricing options on a non-dividend-paying underlying for the first time. The DF … structure models are able to price the call and put options exercised at any time, so it is applicable to pricing the American …