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This work introduces the extended Skorokhod problem (ESP) and associated extended Skorokhod map (ESM) that enable a pathwise construction of reflected diffusions that are not necessarily semimartingales. Roughly speaking, given the closure…

Probability · Mathematics 2007-05-23 K. Ramanan

In this paper we study a zero-sum switching game and its verification theorems expressed in terms of either a system of Reflected Backward Stochastic Differential Equations (RBSDEs in short) with bilateral interconnected obstacles or a…

Probability · Mathematics 2020-06-30 Said Hamadène , Tingshu Mu

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, we introduce a new kind of "variant" reflected backward doubly stochastic differential equations (VRBDSDEs in short), where the drift is the nonlinear function of the barrier process. In the one stochastic case, this type of…

Probability · Mathematics 2011-08-04 Auguste Aman , Yong Ren

The paper is concerned with a variant of the continuous-time finite state Markov game of control and stopping where both players can affect transition rates, while only one player can choose a stopping time. We use the dynamic programming…

Optimization and Control · Mathematics 2022-08-09 Yurii Averboukh

In this paper, we analyze a second-order differential equation with a piecewise constant argument and reflection coupled to periodic boundary conditions. Our main contribution is the construction of the related Green's function and a…

Classical Analysis and ODEs · Mathematics 2026-01-21 Alberto Cabada , Paula Cambeses-Franco

In this paper, we are concerned with backward doubly stochastic differential evolutionary systems (BDSDESs for short). By using a variational approach based on the monotone operator theory, we prove the existence and uniqueness of the…

Functional Analysis · Mathematics 2013-09-18 Jinniao Qiu , Shanjian Tang

In this paper, we study reflected generalized backward doubly stochastic differential equations driven by Teugels martingales associated with L\'evy process (RGBDSDELs, in short) with one continuous barrier. Under uniformly Lipschitz…

Probability · Mathematics 2010-11-15 Auguste Aman

We consider ergodic backward stochastic differential equations in a discrete time setting, where noise is generated by a finite state Markov chain. We show existence and uniqueness of solutions, along with a comparison theorem. To obtain…

Probability · Mathematics 2015-09-02 Andrew L. Allan , Samuel N. Cohen

We first introduce the concept of $\mathscr{Y}^{g,\xi}$-submartingale systems, where the nonlinear operator $\mathscr{Y}^{g,\xi}$ corresponds to the first component of the solution of a reflected BSDE with generator $g$ and lower obstacle…

Optimization and Control · Mathematics 2023-05-26 Roxana Dumitrescu , Romuald Elie , Wissal Sabbagh , Chao Zhou

In this paper we prove the existence of a solution for reflected BSDE's\ whose coefficient is of quadratic growth in $z$ and of linear growth in $y$, with an unbounded terminal value.

Symplectic Geometry · Mathematics 2007-11-06 J. -P. Lepeltier , M. Xu

We study steady Boltzmann equation in half-space, which arises in the Knudsen boundary layer problem, with diffusive reflection boundary conditions. Under certain admissible conditions and the source term decaying exponentially, we…

Analysis of PDEs · Mathematics 2021-04-09 Yong Wang , Feimin Huang

This paper introduces a new class of Dynkin games, where the two players are allowed to make their stopping decisions at a sequence of exogenous Poisson arrival times. The value function and the associated optimal stopping strategy are…

Optimization and Control · Mathematics 2019-07-18 Gechun Liang , Haodong Sun

This paper aims at solving one-dimensional backward stochastic differential equations (BSDEs) under weaker assumptions. We establish general existence, uniqueness, and comparison results for bounded solutions, $L^p (p>1)$ solutions and…

Probability · Mathematics 2015-08-12 ShengJun Fan

In optimal stopping problems, a Markov structure guarantees Markovian optimal stopping times (first exit times). Surprisingly, there is no analogous result for Markovian stopping games once randomization is required. This paper addresses…

Probability · Mathematics 2024-08-02 Sören Christensen , Boy Schultz

It was shown recently that a Langevin process can be reflected at an energy absorbing boundary. Here, we establish that the law of this reflecting process can be characterized as the unique weak solution to a certain second order stochastic…

Probability · Mathematics 2007-05-23 Jean Bertoin

Motivated by the numerical investigation by Aoki et al. [1], we study a rarefied gas flow between two parallel infinite plates of the same temperature governed by the Boltzmann equation with diffuse reflection boundaries, where one plate is…

Analysis of PDEs · Mathematics 2024-12-02 Renjun Duan , Zhu Zhang

In this paper we study different algorithms for backward stochastic differential equations (BSDE in short) basing on random walk framework for 1-dimensional Brownian motion. Implicit and explicit schemes for both BSDE and reflected BSDE are…

Probability · Mathematics 2009-09-23 Shige Peng , Mingyu Xu

In this paper, we present a family of a control-stopping games which arise naturally in equilibrium-based models of market microstructure, as well as in other models with strategic buyers and sellers. A distinctive feature of this family of…

Mathematical Finance · Quantitative Finance 2019-03-20 Roman Gayduk , Sergey Nadtochiy

In this article, we consider non-smooth time-dependent domains and single-valued, smoothly varying directions of reflection at the boundary. In this setting, we first prove existence and uniqueness of strong solutions to stochastic…

Analysis of PDEs · Mathematics 2018-05-03 Niklas L. P. Lundström , Thomas Önskog
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