本文采用简化方法(Reduced-form Approach)对违约风险进行处理,来研究美 式看涨和看跌脆弱期权的定价问题。 本文的成果 … www.docin.com|基于7个网页 2. 简化法 单因素模型又可以分为结构法(Structural Approach)和简化法(Reduced-Form Approach) 2. 单因素模型。 两种模型。
一、【reduced form】：直接拿“价格Px和收入M”对需求量做线性回归，得到回归函数Q=β1Px+β2M+α+...
写的很好，我就不做赘述了。
aconsidered in the literature are implemented for counter-cyclical purposes and are temporary;[translate] ainvestment. This reduced-form approach allows us to get around the issue of measurement errors[translate]
Parkinson, Volker Krey, and Patrick Sullivan (2017) "A reduced-form approach for representing the impacts of wind and solar PV deployment on the structure and operation of the electricity system," Energy Economics, Vol. 64, pp. 651-664....
The first approach is known as "structural" and the second, as the "reduced-form" given their similarities to the problems of identification of structures from the data in econometrics. This paper discusses the major properties and operational limitations of these two approaches. It also analyses ...
Thomas BorekStefan BühlerArmin SchmutzlerDepartment of Economics, University of St. GallenSSRN Electronic JournalBorek, T., Buehler, S., Schmutzler, A., 2008. Mergers under asymmetric information: A simple reduced-form approach. Working Paper of University of St. Gallen....
Nieberding J (2006) Estimating overcharges in antitrust cases using a reduced-form approach: methods and issues. J Appl Econ 9(2):361–380Nieberding, J.F. (2006), Estimating Overcharges in Antitrust Cases Using a Reduced-Form Approach: Methods and Issues, Journal of Applied Economics ...
In this paper, we analyze the impact of default risk on the portfolio decision of an investor wishing to invest in corporate bonds. Default risk is modeled via a reduced-form approach and we allow for random recovery as well as joint default events. Depending on the structure of the model,...
structural项目建立在争议较少的理论基础之上。我曾经的学长做了一个金融自由化、贸易与增长的structural...