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We establish the existence of sequential equilibria in general menu games, known to be suffcient to analyze common agency problems. In particular, we show that our result solves some unpleasant features of early approaches
Persistent link: https://www.econbiz.de/10012726968
In this paper we present new pricing formulas for some Power style contracts of European type when the underlying process is driven by an important class of Lévy processes, which includes CGMY model, generalized hyperbolic Model and Meixner Model, when no symmetry properties are assumed,...
Persistent link: https://www.econbiz.de/10012990663
Persistent link: https://www.econbiz.de/10011377718