This article revisits the topic of two‐state option pricing. It examines the models developed
by Cox, Ross, and Rubinstein (1979), Rendleman and Bartter (1979), and Trigeorgis (1991) …

This paper deals with the identification and justification of the drivers of growth and regional
development in Russia. Based on the regression analysis in this paper we consider the …

Income distribution is one of the factors influencing economic growth. At present time, the
regional aspect of such influence is an important sphere of research. The present article is …

Objective: development and testing in Russia of methods of assessment of the effect of
individual managerial decisions on modification of investment attractiveness of the region …

Purpose – Credit derivatives continue to grow in popularity as well as complexity. While
single‐name credit default swaps are still the most popular instruments, second‐generation …

This article elaborates an n -order multinomial lattice approach to value derivative instruments
on asset prices characterized by a lognormal distribution. Nonlinear optimization is …

This paper presents an alternative approach for interest rate lattice construction in the
Ritchken and Sankarasubramanian (1995) framework. The proposed method applies a …

Basing on the summary of domestic and foreign literature review the authors identified the
key economic effects of social capital development in economic systems. It is shown that the …

This article presents a numerically efficient approach for constructing an interest rate lattice
for multi-state variable multi-factor term structure models in the Makovian HJM [Econometrica …

… In this article, Jabbour, Kramin, and Young propose a lattice model in which the default
risk in complex capital structures becomes easier to deal with. One key to their approach is to …