This paper builds on the ongoing discussion on regulation and marketisation of higher education. It aims at investigating the higher education market (des)equilibrium. Teixeira, Rosa and Amaral (2004) have analysed the presence/absence of market mechanisms in the Portuguese higher education...

Chen and Shen [Chen, A.-S., and P.-F. Shen. 2003. Computational complexity analysis of least-squares Monte Carlo (LSM) for pricing US derivatives. Applied Economics Letters 10: 223-9] argue that we can improve the least squares Monte Carlo method (LSMC) to value American options by removing the...

This paper studies the effect of discrete dividends on the FTSE-100 index options valuation, following closely Harvey and Whaley's [<italic>J. Fut. Mkts</italic>, 1992, <bold>12</bold>(2), 123-137] study on the S&P-100 index. To the best of our knowledge, no such study has ever been performed on FTSE-100 options, where the...

This paper studies various possible approaches to improving the least squares Monte Carlo option valuation method. We test different regression algorithms and suggest a variation to estimating the option continuation value, which can reduce the execution time of the algorithm by one third. We...

The valuation of options using a binomial non-recombining tree with discrete dividends can be intricate. This paper proposes three different enhancements that can be used alone or combined to value American options with discrete dividends using a non-recombining binomial tree. These methods are...

This paper studies the effect of discrete dividends on the FTSE-100 index options valuation, following closely Harvey and Whaley's (1992) study on the S&P-100 index. To the best of our knowledge no such study was ever performed on FTSE-100 options, where the dividends have a discreteness pattern...