We develop and analyze a class of unbiased Monte Carlo estimators for multivariate jump-diffusion processes with state-dependent drift, volatility, jump intensity and jump size. A change of measure argument is used to extend existing unbiased estimators for the inter-arrival diffusion to include...

This paper, using the Bewley (1979) transformation of the autoregressive distributed lag model, proposes a novel pooled Bewley (PB) estimator of long-run coefficients for dynamic panels with heterogeneous short-run dynamics, in the same setting as the widely used Pooled Mean Group (PMG)...

The creation and licensing of patents is a dynamic process in which the impact of law cannot be understated. While agent-based modeling has been used to simulate the diffusion of innovations and the effects of patents on innovations, it has not yet been applied to simulate the effects of law on...

World food markets are susceptible to systemic shocks due to a concentration of production in a few main breadbasket regions, strong import dependencies of many developing countries, and frequent unilateral and uncoordinated policy interventions such as export restrictions.The well-established...

There are restricted studies of non-single-value health exposure models regarding fluoride intake in Iran. As such, we adopted a probability-based approach for higher accuracy along with sensitivity analysis to reduce the ambiguity of the health risk model of Fars and Bushehr Provinces. Fluoride...