Search
Now showing items 1-2 of 2
Captive jump processes for bounded random systems with discontinuous dynamics
(Elsevier, 2024-01)
Stochastic captive jump processes are explicitly constructed in continuous time, whose non-linear dynamics are strictly confined by bounded domains that can be time-dependent. By introducing non-anticipative path-dependency, ...
Price of regulations: Regulatory costs and the cross-section of stock returns
(Oxford University Press, 2024-01)
Regulations introduce significant fixed costs and add to operating leverage. Fixed regulatory costs that contribute to operating leverage should generate a risk premium. To explore whether such a premium exists, we introduce ...
Share this page