The series is devoted to the publication of monographs and high-level textbooks in mathematics, mathematical methods and their applications. Apart from covering important areas of current interest, a major aim is to make topics of an interdisciplinary nature accessible to the non-specialist. The...

This paper demonstrates how simple general equilibrium models can be solved with the help of Microsoft Excel. Two different general equilibrium models for tax incidence analysis are used as illustrative examples. The methods presented here are intended to be beneficial to both students and...

Let E be a real reflexive strictly convex Banach space which has uniformly Gâteaux differentiable norm. Let <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$${\mathcal{S}=\{T(s): 0 \leq s \infty\}}$$</EquationSource> </InlineEquation> be a nonexpansive semigroup on E such that <InlineEquation ID="IEq2"> <EquationSource Format="TEX">$${Fix(\mathcal{S}) := \cap_{t\geq 0}Fix( T(t) ) \not= \emptyset}$$</EquationSource> </InlineEquation> , and f is a contraction on...</equationsource></inlineequation></equationsource></inlineequation>

This book gives a systematical presentation of stochastic approximation methods for models of American-type options with general pay-off functions for discrete time Markov price processes. It is the first volume of the comprehensive two volumes monograph. Dmitrii S. Silvestrov, Stockholm...