The Indo-Gangetic Plains (IGP), straddling the northeastern parts of India near the foothills of the Himalayas, are one of the most densely populated and polluted regions on the globe, with consequent large anthropogenic emissions. In particular, the use of traditional biofuels in the rural...

Purpose – To study stochastic volatility in the pricing of options. Design/methodology/approach – Random-coefficient autoregressive and generalized autoregressive conditional heteroscedastic models are studied. The option-pricing formula is viewed as a moment of a truncated normal...