This work proposes a class of hierarchical models for geostatistical count data that includes the model proposed by Diggle et al. (1998)  [13] as a particular case. For this class of models the main second-order properties of the count variables are derived, and three models within this class...

We derive the closed form pricing formulae for contracts written on zero coupon bonds for the lognormal forward LIBOR rates. The method is purely probabilistic in contrast with the earlier results obtained by Miltersen et al. (1997).