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We introduce a new definition of viscosity solution to path-dependent partial differential equations, which is a slight modification of the definition introduced in [8]. With the new definition, we prove the two important results till now…

Probability · Mathematics 2018-06-21 Zhenjie Ren , Mauro Rosestolato

In our previous paper [Ekren, Touzi and Zhang (2015)], we introduced a notion of viscosity solutions for fully nonlinear path-dependent PDEs, extending the semilinear case of Ekren et al. [Ann. Probab. 42 (2014) 204-236], which satisfies a…

Probability · Mathematics 2016-09-28 Ibrahim Ekren , Nizar Touzi , Jianfeng Zhang

In this paper we propose a notion of viscosity solutions for path dependent semi-linear parabolic PDEs. This can also be viewed as viscosity solutions of non-Markovian backward SDEs, and thus extends the well-known nonlinear Feynman-Kac…

Analysis of PDEs · Mathematics 2014-01-15 Ibrahim Ekren , Christian Keller , Nizar Touzi , Jianfeng Zhang

This paper provides an overview of the recently developed notion of viscosity solutions of path-dependent partial di erential equations. We start by a quick review of the Crandall- Ishii notion of viscosity solutions, so as to motivate the…

Analysis of PDEs · Mathematics 2015-03-10 Zhenjie Ren , Nizar Touzi , Jianfeng Zhang

Path-dependent PDEs (PPDEs) are natural objects to study when one deals with non Markovian models. Recently, after the introduction of the so-called pathwise (or functional or Dupire) calculus (see [15]), in the case of finite-dimensional…

Probability · Mathematics 2017-03-07 Andrea Cosso , Salvatore Federico , Fausto Gozzi , Mauro Rosestolato , Nizar Touzi

It is known that Markovian forward-backward stochastic differential equations provide nonlinear Feynman-Kac representation formulae for semilinear parabolic PDEs. We show that non-Markovian forward-backward stochastic differential equations…

Probability · Mathematics 2013-06-19 Andrea Cosso

In this article, a notion of viscosity solutions is introduced for fully nonlinear second order path-dependent partial differential equations in the spirit of [Zhou, Ann. Appl. Probab., 33 (2023), 5564-5612]. We prove the existence,…

Probability · Mathematics 2024-05-13 Shanjian Tang , Jianjun Zhou

The main objective of this paper and the accompanying one \cite{ETZ2} is to provide a notion of viscosity solutions for fully nonlinear parabolic path-dependent PDEs. Our definition extends our previous work \cite{EKTZ}, focused on the…

Probability · Mathematics 2014-09-15 Ibrahim Ekren , Nizar Touzi , Jianfeng Zhang

This paper introduces a convenient solution space for the uniformly elliptic fully nonlinear path dependent PDEs. It provides a wellposedness result under standard Lipschitz-type assumptions on the nonlinearity and an additional assumption…

Analysis of PDEs · Mathematics 2016-02-12 Zhenjie Ren

This paper provides a probabilistic proof of the comparison result for viscosity solutions of path-dependent semilinear PDEs. We consider the notion of viscosity solutions introduced in \cite{EKTZ} which considers as test functions all…

Probability · Mathematics 2014-10-28 Zhenjie Ren , Nizar Touzi , Jianfeng Zhang

This paper proves the existence of viscosity solutions of path dependent semilinear PDEs via Perron's method, i.e. via showing that the supremum of viscosity subsolutions is a viscosity solution. We use the notion of viscosity solutions…

Probability · Mathematics 2015-03-10 Zhenjie Ren

In this paper we propose a new type of viscosity solutions for fully nonlinear path dependent PDEs. By restricting to certain pseudo Markovian structure, we remove the uniform non- degeneracy condition imposed in our earlier works [9, 10].…

Analysis of PDEs · Mathematics 2016-04-11 Ibrahim Ekren , Jianfeng Zhang

We introduce a notion of approximate viscosity solution for a class of nonlinear path-dependent PDEs (PPDEs), including the Hamilton-Jacobi-Bellman type equations. Existence, comparaison and stability results are established under fairly…

Analysis of PDEs · Mathematics 2021-09-09 Bruno Bouchard , Grégoire Loeper , Xiaolu Tan

The aim of the present work is the introduction of a viscosity type solution, called strong-viscosity solution to distinguish it from the classical one, with the following peculiarities: it is a purely analytic object; it can be easily…

Probability · Mathematics 2019-03-19 Andrea Cosso , Francesco Russo

In this paper, we establish a new uniqueness result of a (continuous) viscosity solution for some integro-partial differential equation (IPDE in short). The novelty is that we relax the so-called monotonicity assumption on the driver,…

Analysis of PDEs · Mathematics 2015-05-12 Marie-Amélie Morlais , Said Hamadène

We show the existence and uniqueness of a continuous viscosity solution of a system of partial differential equations (PDEs for short) without assuming the usual monotonicity conditions on the driver function as in Hamad\`ene and Morlais's…

Optimization and Control · Mathematics 2018-02-14 Said Hamadène , Mohamed Mnif , Sarah Neffati

In this study, we concern the multidimensional viscosity solutions theory of a kind of semi-linear partial differential equations (PDEs). A new definition of viscosity solution for this multidimensional semi-linear PDEs which is related to…

Dynamical Systems · Mathematics 2016-08-09 Shuzhen Yang

In this article, we adapt the definition of viscosity solutions to the obstacle problem for fully nonlinear path-dependent PDEs with data uniformly continuous in $(t,\omega)$, and generator Lipschitz continuous in $(y,z,\gamma)$. We prove…

Probability · Mathematics 2015-11-10 Ibrahim Ekren

We study fully nonlinear second-order (forward) stochastic partial differential equations (SPDEs). They can also be viewed as forward path-dependent PDEs (PPDEs) and will be treated as rough PDEs (RPDEs) under a unified framework. We…

Probability · Mathematics 2018-10-02 Rainer Buckdahn , Christian Keller , Jin Ma , Jianfeng Zhang

In this paper, we study a system of second order integro-partial differential equations with interconnected obstacles with non-local terms, related to an optimal switching problem with the jump-diffusion model. Getting rid of the…

Analysis of PDEs · Mathematics 2024-09-04 Said Hamadène , Mohamed Mnif , Sarah Neffati
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