Title of article :
The density of bounded diffusions
Author/Authors :
Jean-Daniel M. Saphores، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2005
Abstract :
This paper presents a methodology for deriving the closed-form density of diffusions restricted to finite intervals with reflecting or absorbing barriers. Bounded diffusions are useful, for example, in finance, resource economics, or industrial organization. Results are derived for popular diffusions.
Keywords :
Bounded diffusions , maximum likelihood , Density function
Journal title :
Economics Letters
Journal title :
Economics Letters