Based on the structure model of option pricing (Dai and Qin, 2005) and partial distribution (Dai, 2001), this paper designs a new kind of expression of futures price. It presents the structure pricing model for American futures options on underlying non-dividend-paying stocks, and provides three...

This paper focuses on money supply and economic growth under environmental pressure. Based on the Solow growth model, a formal advance-retreat course (ARC) model and nominal ARC model for money supply are constructed, the basic conditions for increasing money to promote output growth are...

Advance-Retreat Course (ARC) analysis is a theoretical analysis and method on socio- economic development. The main point of ARC is that any economic development behavior will face various pressure coming from environment, that is to say, human beings can actively devise and implement his own...

This paper suggests the Multivariate Partial Distribution (MPD) for the first time, and establishes the new kinds of models for pricing the group assets (MPGA) based MPD, in which the competition and complementarity in cost resources are analyzed, and the way of dividing an asset into two assets...

Based on the theories of Development Power([18]-[20]) and Partial Distribution([21]-[24]), and combining with the actual economic development, this paper discusses the main ways how the Development Power (DP) is accumulated or released, establishes the analytic models of DP and the model of...

Based on concept and theory of Development Power [1], this paper analyzes the transferability and the diffusibility of industrial development power, points out that the chaos is the extreme of DP releasing and order is the highest degree of DP accumulating, puts forward A-C strength, the index...

Stating from the basic characteristics of economic production and based on the partial distribution [F.Dai, 2001], this paper advance the concept of development power, give its basic models, and try to establish a theory of describing and analyzing the macro-economy ©¤ the development power...

Stating from the basic characteristics of economic development process and based on the partial distribution [F.Dai, 2001], this paper advance the concept of development power, give its basic models, and try to establish a theory of describing and analyzing the macroeconomy ©¤ the development...

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...

After the discussions to exponential and power model [F. Dai, 2005], this paper points out there are three kinds of basic modes in the macroeconomic process, i.e., the exponential, power and logarithm mode, and discusses the logarithm model of Development Power (DP). By the analysis on logarithm...