Numerical exploration of Kaldorian macrodynamics: Enhanced stability and predominance of period doubling and chaos with flexible exchange rates.
Numerical exploration of Kaldorian macrodynamics: Hopf-Neimark bifurcations and business cycles with fixed exchange rates.
Numerical solution of Black-Scholes option pricing with variable yield discrete dividend payment
This paper deals with the construction of numerical solution of the Black-Scholes (B-S) type equation modeling option pricing with variable yield discrete dividend payment at time . Firstly the shifted delta generalized function appearing in the B-S equation is approximated by an appropriate sequence of nice ordinary functions. Then a semidiscretization technique applied on the underlying asset is used to construct a numerical solution. The limit of this numerical solution is independent of the...