The pricing of credit risk derivatives

Article Abstract:

Credit risk derivatives protect holders of corporate bonds from a reduction in their value and are created as either puts on the bond price or calls on the bond spread. The pricing of these options was studied using both analytical and numerical methods of solution for the partial differential equation and related boundary situations. For coupon bonds, the put and call options must be of the barrier type and the call on the coupon bond's spread requires to be capped to obtain the price.

Credit Management, Derivatives (Financial instruments)

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A stochastic equilibrium model of internet pricing

Article Abstract:

An stochastic equilibrium model can be used to determine the equilibrium pricing model for maximum and efficient utilization of the Internet. The model uses average flow rates, queue waiting times, and centralized computations to determine the equilibrium rental prices by priority class. The economic approach of the optimal pricing model can be extended to evaluate investment alternatives and operating costs of the Internet through computer simulations.

Econometrics & Model Building, Pricing Policy, Analysis, Prices and rates, Internet, Online services, Internet services, Econometrics, Simulation methods, Simulation, Business models, Stochastic approximation

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Experimental analysis of the efficiency of uniform-price versus discriminatory auctions in the England and Wales electricity market

Article Abstract:

Electric power market agents pay higher prices in discriminatory auction markets than in uniform price markets because of a lack of information.

Electric Power Generating, Electric Power Generation, Electric services, Wales, England, Statistical Data Included, Electric utilities, Auctions

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