Russian Democracy: Corridor of Options

Orthodox Christianity, Civil Society, and Russian Democracy

Scholars have identified numerous obstacles that appear to stand in the way of democracy taking root in Russia, including the country’s religious heritage. In an attempt to understand the role of Orthodoxy in Russian society more accurately, this article explores the civic, political, and democratic values of devout Orthodox Christians and more secular-leaning “cultural Orthodox.” The findings ...

Through the Russian Looking Glass: The Development of a Russian Rule of Law and Democracy

Callable Russian Options with the Finite Maturity

We consider callable Russian options with the finite maturity. Callable Russian option is a contract that the seller and the buyer have the rights to cancel and to exercise it at any time, respectively. We discuss the pricing model of callable Russian options when the stock pays dividends continuously. We show that the pricing model can be formulated as a coupled optimal stopping problem which ...

Callable Russian Options and Their Optimal Boundaries

We deal with the pricing of callable Russian options. A callable Russian option is a contract in which both of the seller and the buyer have the rights to cancel and to exercise at any time, respectively. The pricing of such an option can be formulated as an optimal stopping problem between the seller and the buyer, and is analyzed as Dynkin game. We derive the value function of callable Russia...

Evaluating Landscape Options for Corridor Restoration between Giant Panda Reserves

The establishment of corridors can offset the negative effects of habitat fragmentation by connecting isolated habitat patches. However, the practical value of corridor planning is minimal if corridor identification is not based on reliable quantitative information about species-environment relationships. An example of this need for quantitative information is planning for giant panda conservat...