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For autonomous Lotka-Volterra systems of differential equations modelling the dynamics of n competing species, new criteria are established for the existence of a single point global attractor. Under the conditions of these criteria, some…

Dynamical Systems · Mathematics 2007-11-22 Zhanyuan Hou

We examine a problem of demand for insurance indemnification, when the insured is sensitive to ambiguity and behaves according to the Maxmin-Expected Utility model of Gilboa and Schmeidler (1989), whereas the insurer is a (risk-averse or…

Risk Management · Quantitative Finance 2020-10-16 Corina Birghila , Tim J. Boonen , Mario Ghossoub

Using a modified version of Schauder's fixed point theorem, measures of non-compactness and classical techniques, we provide new general results on the asymptotic behavior and the non-oscillation of second order scalar nonlinear…

Classical Analysis and ODEs · Mathematics 2007-05-23 Angelo B. Mingarelli , Kishin Sadarangani

This paper includes an original self contained proof of well-posedness of an initial-boundary value problem involving a non-local parabolic PDE which naturally arises in the study of derivative pricing in a generalized market model. We call…

Mathematical Finance · Quantitative Finance 2014-08-25 Anindya Goswami , Jeeten Patel , Poorva Sevgaonkar

We consider a general formulation of the Principal-Agent problem with a lump-sum payment on a finite horizon, providing a systematic method for solving such problems. Our approach is the following: we first find the contract that is optimal…

Optimization and Control · Mathematics 2017-01-10 Jakša Cvitanić , Dylan Possamaï , Nizar Touzi

In this work we study the existence of periodic and asymptotically periodic solutions of a system of nonlinear Volterra difference equations with infinite delay. By means of fixed point theory, we furnish conditions that guarantee the…

Classical Analysis and ODEs · Mathematics 2013-03-28 Murat Adıvar , H. Can Koyuncuoğlu , Youssef N. Raffoul

We study the regularity and uniqueness of weak solutions of a degenerate parabolic equation, arising as the limit of a stochastic lattice model of self-propelled particles. The angle-average of the solution appears as a coefficient in the…

Analysis of PDEs · Mathematics 2025-09-09 Luca Alasio , Simon Schulz

We present a methodology for obtaining explicit solutions to infinite time horizon optimal stopping problems involving general, one-dimensional, It\^o diffusions, payoff functions that need not be smooth and state-dependent discounting.…

Computational Finance · Quantitative Finance 2012-10-10 Timothy C. Johnson

We analyze a discretization method for solving nonlinear integral equations that contain multiple integrals. These equations include integral equations with a Volterra series, instead of a single integral term, on one side of the equation.…

Numerical Analysis · Mathematics 2010-02-04 S. A. Belbas , Yuriy Bulka

We consider singular perturbation elliptic problems depending on a parameter ? such that, for ? = 0 the boundary conditions are not adapted to the equation (they do not satisfy the Shapiro - Lopatinskii condition). The limit only holds in…

Analysis of PDEs · Mathematics 2016-11-25 Nicolas Meunier , Evariste Sanchez-Palencia

We consider a discrete-time version of the popular optimal dividend pay-out problem in risk theory. The novel aspect of our approach is that we allow for a risk averse insurer, i.e., instead of maximising the expected discounted dividends…

Probability · Mathematics 2015-12-02 Nicole Bäuerle , Anna Jaśkiewicz

The Neumann problem of linear elasticity is singular with a kernel formed by the rigid motions of the body. There are several tricks that are commonly used to obtain a non-singular linear system. However, they often cause reduced accuracy…

Numerical Analysis · Mathematics 2018-09-25 Miroslav Kuchta , Kent-Andre Mardal , Mikael Mortensen

We consider the time dependent Euler--Bernoulli beam equation with discontinuous and singular coefficients. Using an extension of the H\"ormander product of distributions with non-intersecting singular supports [L. H\"ormander, The Analysis…

Analysis of PDEs · Mathematics 2024-05-20 Nuno Costa Dias , Cristina Jorge , João Nuno Prata

We consider the robust exponential utility maximization problem in discrete time: An investor maximizes the worst case expected exponential utility with respect to a family of nondominated probabilistic models of her endowment by…

Portfolio Management · Quantitative Finance 2019-02-12 Daniel Bartl

This article focuses on the mathematical problem of existence and uniqueness of BSDE with a random terminal time which is a general random variable but not a stopping time, as it has been usually the case in the previous literature of BSDE…

Computational Finance · Quantitative Finance 2011-05-20 Christophette Blanchet-Scalliet , Anne Eyraud-Loisel , Manuela Royer-Carenzi

We introduce a new method for the analysis of singularities in the unstable problem $$\Delta u = -\chi_{\{u>0\}},$$ which arises in solid combustion as well as in the composite membrane problem. Our study is confined to points of…

Analysis of PDEs · Mathematics 2015-05-13 John Andersson , Henrik Shahgholian , Georg S. Weiss

The purpose of this paper is to introduce a semigroup approach to linear integro-differential systems with delays in state, control and observation parts. On the one hand, we use product spaces to reformulate state-delay…

Analysis of PDEs · Mathematics 2021-02-18 Younes ElKadiri , Said Hadd , Hamid Bounit

In this paper we study the local behavior of a solution to second order elliptic operators with sharp singular coefficients in lower order terms. One of the main results is the bound on the vanishing order of the solution, which is a…

Analysis of PDEs · Mathematics 2008-02-15 Ching-Lung Lin , Gen Nakamura , Jenn-Nan Wang

This paper considers the portfolio management problem of optimal investment, consumption and life insurance. We are concerned with time inconsistency of optimal strategies. Natural assumptions, like different discount rates for consumption…

Optimization and Control · Mathematics 2011-07-25 Ivar Ekeland , Oumar Mbodji , Traian A. Pirvu

We study nonlocal conservation laws with a discontinuous flux function of regularity $\mathsf{L}^{\infty}(\mathbb{R})$ in the spatial variable and show existence and uniqueness of weak solutions in…

Analysis of PDEs · Mathematics 2021-10-22 Alexander Keimer , Lukas Pflug