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This paper shows that penalized backward stochastic differential equation (BSDE), which is often used to approximate and solve the corresponding reflected BSDE, admits both optimal stopping representation and optimal control representation.…

Probability · Mathematics 2015-04-01 Gechun Liang

In this paper, a solution is given to reflected backward doubly stochastic differential equations when the barrier is not necessarily right-continuous, and the noise is driven by two independent Brownian motions and an independent Poisson…

Probability · Mathematics 2020-06-29 Mohamed Marzougue , Yaya Sagna

In this paper we first investigate zero-sum two-player stochastic differential games with reflection with the help of theory of Reflected Backward Stochastic Differential Equations (RBSDEs). We will establish the dynamic programming…

Probability · Mathematics 2008-09-30 Rainer Buckdahn , Juan Li

We prove existence and uniqueness of the reflected backward stochastic differential equation's (RBSDE) solution with a lower obstacle which is assumed to be right upper-semicontinuous but not necessarily right-continuous in a filtration…

Probability · Mathematics 2018-12-20 Brahim Baadi , Youssef Ouknine

In this paper we deal with Skorokhod problem for right continuous left limited (rcll) barriers. We prove existence and uniqueness of the solution when the barriers are only supposed to be rcll and completely separated. Then, we apply our…

Probability · Mathematics 2019-04-26 Rachid Belfadli , Imane Jarni , Youssef Ouknine

In this paper we study the class of backward doubly stochastic differential equations (BDSDEs, for short) whose terminal value depends on the history of forward diffusion. We first establish a probabilistic representation for the spatial…

Probability · Mathematics 2008-11-12 Auguste Aman

This paper introduces a backward stochastic differential equation driven by both Brownian motion and a Markov chain (BSDEBM). Regime-switching is also incorporated through its driver. The existence and uniqueness of the solution of the…

Probability · Mathematics 2022-03-08 Engel John C. Dela Vega , Robert J. Elliott

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 want to investigate some kind of Dynkin's game under ambiguity which is represented by Backward Stochastic Differential Equation (shortly BSDE) with standard generator function g(t, y, z). Under regular assumptions, a pair…

Probability · Mathematics 2011-07-19 Helin Wu

In this paper, we provide an estimate for the solutions of reflected backward stochastic differential equations (RBSDEs) driven by a Markov chain, derive a continuous dependence property for their solutions with respect to the parameters of…

Probability · Mathematics 2015-05-14 Zhe Yang , Dimbinirina Ramarimbahoaka , Robert J. Elliott

In this paper, we focus on the solvability of a class of fractional backward stochastic differential equations (BSDEs, for short) with delayed generator. In this class of equations, the generator includes not only the values of the…

Probability · Mathematics 2022-12-01 Jiaqiang Wen

In this paper, we study the multi-dimensional reflected backward stochastic differential equation driven by $G$-Brownian motion ($G$-BSDE) with a multi-variate constraint on the $G$-expectation of its solution. The generators are diagonally…

Probability · Mathematics 2024-07-26 Yiqing Lin , Falei Wang , Hui Zhao

This paper proves the existence and uniqueness of a solution to doubly reflected backward stochastic differential equations where the coefficient is stochastic Lipschitz, by means of the penalization method.

Probability · Mathematics 2018-01-04 Mohamed Marzougue , Mohamed El Otmani

This paper is concerned with a Stackelberg game of backward stochastic differential equations (BSDEs) with partial information, where the information of the follower is a sub-$\sigma$-algebra of that of the leader. Necessary and sufficient…

Optimization and Control · Mathematics 2019-10-24 Yueyang Zheng , Jingtao Shi

This paper presents existence and uniqueness results for reflected backward doubly stochastic differential equations (in short RBDDSEs) in a convex domain D. Moreover, using a stochastic flow approach a probabilistic interpretation for a…

Probability · Mathematics 2016-10-11 Matoussi Anis , Sabbagh Wissal , Tusheng Zhang

In this paper, we study a multi-dimensional backward stochastic differential equation (BSDE) with oblique reflection, which is a BSDE reflected on the boundary of a special unbounded convex domain along an oblique direction, and which…

Probability · Mathematics 2007-07-04 Ying Hu , Shanjian Tang

We study the problem of existence of solutions for generalized backward stochastic differential equation with two reflecting barriers (GRBSDE for short) under weaker assumptions on the data. Roughly speaking we show the existence of a…

Probability · Mathematics 2011-03-29 E. H. Essaky , M. Hassani , Y. Ouknine

We study Dynkin games governed by a nonlinear $\mathbb E^f$-expectation on a finite interval $[0,T]$, with payoff c\`adl\`ag processes $L,U$ of class (D) which are not imposed to satisfy (weak) Mokobodzki's condition - the existence of a…

Probability · Mathematics 2024-07-23 Tomasz Klimsiak , Maurycy Rzymowski

In this paper, we deal with a class of one-dimensional reflected backward stochastic differential equations with stochastic Lipschitz coefficient. We derive the existence and uniqueness of the solutions for those equations via Snell…

Probability · Mathematics 2015-01-06 Wen Lu

We consider reflected backward stochastic differential equations with two general optional barriers. The solutions to these equations have the so-called regulated trajectories, i.e trajectories with left and right finite limits. We prove…

Probability · Mathematics 2019-10-10 Tomasz Klimsiak , Maurycy Rzymowski , Leszek Słomiński