Applying fuzzy parametersin pricing financial derivatives inspiredby the kyoto protocol
AbstractThe emission trading is proposed in the Kyoto Protocol. An appropriate market and the market of financial derivatives for allowances will be established. Using the neutral martingale method and Monte Carlo simulations, we propose a stochastic model with a pricing formula, which may be useful for an evaluation of derivatives inspired by the Kyoto Protocol.
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Bibliographic InfoArticle provided by Wroclaw University of Technology, Institute of Organization and Management in its journal Operations Research and Decisions.
Volume (Year): 4 (2009)
Issue (Month): ()
option pricing; financial derivatives; Kyoto Protocol; martingale method; fuzzy parameters;
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