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We study the properties of nonlinear Backward Stochastic Differential Equations (BSDEs) driven by a Brownian motion and a martingale measure associated with a default jump with intensity process $(\lambda_t)$. We give a priori estimates for…

Pricing of Securities · Quantitative Finance 2017-09-04 Roxana Dumitrescu , Marie-Claire Quenez , Agnès Sulem

In that paper, we provide a new characterization of the solutions of specific reflected backward stochastic differential equations (or RBSDEs) whose driver $g$ is convex and has quadratic growth in its second variable: this is done by…

Pricing of Securities · Quantitative Finance 2008-12-02 Marie-Amelie Morlais

In this paper, a class of reflected generalized backward doubly stochastic differential equations (reflected GBDSDEs in short) driven by Teugels martingales associated with L\'{e}vy process and the integral with respect to an adapted…

Probability · Mathematics 2009-07-14 Auguste Aman

In this paper, we study a new type of BSDE, where the distribution of the Y-component of the solution is required to satisfy an additional constraint, written in terms of the expectation of a loss function. This constraint is imposed at any…

Probability · Mathematics 2020-05-07 Philippe Briand , Romuald Elie , Ying Hu

In this paper, we study the reflected BSDE with one continuous barrier, under the monotonicity and general increasing condition on $y$ and non Lipschitz condition on $z$. We prove the existence and uniqueness of the solution to these…

Probability · Mathematics 2007-05-23 Mingyu Xu

We investigate two-barriers-reflected backward stochastic differential equations with data from rank-based stochastic differential equation. More specifically, we focus on the solution of backward stochastic differential equations…

Probability · Mathematics 2024-11-27 Xinwei Feng , Lu Wang

In this paper we deal with the problem of the existence and the uniqueness of a solution for one dimensional reflected backward stochastic differential equations with two strictly separated barriers when the generator is allowing a…

Probability · Mathematics 2022-02-11 Brahim El Asri , Khalid Oufdil , Nacer Ourkiya

Motivated by liquidity risk in mathematical finance, D. Lacker introduced concentration inequalities for risk measures, i.e. upper bounds on the \emph{liquidity risk profile} of a financial loss. We derive these inequalities in the case of…

Risk Management · Quantitative Finance 2018-05-24 Ludovic Tangpi

In this paper backward stochastic differential equations with interaction (shorter BSDEs with interaction) are introduced. Far to our knowledge, this type of equation is not seen in the literature before. Existence and uniqueness result for…

Probability · Mathematics 2022-12-29 Jasmina Đorđević , Andrey Dorogovtsev

In this note we prove existence of a solution to a system of Markovian BSDEs with interconnected obstacles. A key feature of our system, and the main novelty of this paper, is that we allow for the driver $f_i$ of the $i$-th component of…

Probability · Mathematics 2017-10-09 Tiziano De Angelis , Giorgio Ferrari , Saïd Hamadène

This paper mainly investigates reflected stochastic recursive control problems governed by jump-diffusion dynamics. The system's state evolution is described by a stochastic differential equation driven by both Brownian motion and Poisson…

Optimization and Control · Mathematics 2025-05-15 Lu Liu , Qingmeng Wei

We put forward and prove several existence and uniqueness results for $L^p\ (p>1)$ solutions of reflected BSDEs with continuous barriers and generators satisfying a one-sided Osgood condition together with a general growth condition in $y$…

Probability · Mathematics 2015-10-30 ShengJun Fan

In this paper, we analyze the mean field backward stochastic differential equations (MFBSDEs) with double mean reflections, whose generator and constraints both depend on the distribution of the solution. When the generator is Lipschitz…

Probability · Mathematics 2026-01-12 Hanwu Li , Jin Shi

This paper discusses a new type of anticipated backward stochastic differential equation with a time-delayed generator (DABSDEs, for short) driven by fractional Brownian motion, also known as fractional BSDEs, with Hurst parameter…

Probability · Mathematics 2023-05-24 Pei Zhang , Nur Anisah Mohamed , Adriana Irawati Nur Ibrahim

The aim of this paper is to study an optimal stopping problem for dynamic risk measures induced by backward stochastic differential equations with jumps and delayed generator. Firstly, we connect the value function of this problem to…

Probability · Mathematics 2021-10-06 Tuo Navegue , Auguste Aman

This paper extends our previous work to continuous-time optimal stopping, focusing on American options in an exploratory setting. Our first contribution is an entropy-regularized penalization scheme, inspired by classical penalization…

Mathematical Finance · Quantitative Finance 2026-03-04 Daniel Chee , Noufel Frikha , Libo Li

We consider the problem of optimally stopping a general one-dimensional stochastic differential equation (SDE) with generalised drift over an infinite time horizon. First, we derive a complete characterisation of the solution to this…

Probability · Mathematics 2019-09-26 Mihail Zervos , Neofytos Rodosthenous , Pui Chan Lon , Thomas Bernhardt

In this paper, we study a class of reflected backward stochastic differential equations (BSDEs) of mean-field type, where the mean-field interaction in terms of the distribution of the $Y$-component of the solution enters in both the driver…

Probability · Mathematics 2019-11-15 Boualem Djehiche , Romuald Elie , Said Hamadène

In this paper we are concerned with distribution dependent backward stochastic differential equations (DDBSDEs) driven by Gaussian processes. We first show the existence and uniqueness of solutions to this type of equations. This is done by…

Probability · Mathematics 2023-02-08 Xiliang Fan , Jiang-Lun Wu

We study the existence and uniqueness of the solution for the following backward stochastic variational inequality with oblique reflection (for short, $BSVI\left(H(t,y),\varphi,F\right)$), written under differential form \[…

Probability · Mathematics 2013-10-04 Anouar Gassous , Aurel Rascanu , Eduard Rotenstein
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