no code implementations • 16 Sep 2021 • María Emilia Caballero, Adrián González Casanova, José Luis Pérez
We derive properties of this process and obtain a large population limit when the total size of each island tends to infinity.
no code implementations • 6 Apr 2019 • Zbigniew Palmowski, José Luis Pérez, Budhi Arta Surya, Kazutoshi Yamazaki
Under the spectrally negative L\'evy model, we obtain the optimal bankruptcy strategy and the corresponding capital structure.
