We consider an equity-linked contract whose payoff depends on the lifetime of policy holder and the stock price. We provide best strategy for an insurance company assuming the limited capital for the hedging.

in era of service economy, organizations' success depends significantly on providing quality services. therefore, organizations are in the idea of employing tools such as knowledge management to survive. human activities such as knowledge sharing among organizational members are the foundation of knowledge management in organizations. recent studies have shown that the relational psychological ...

This paper examines how relational contracting affects the pattern of trade across the economy. We suppose a firm (principal) repeatedly chooses among of a set of potential trading partners (agents) under the threat of holdup. The possibility of ex–post opportunism allows agents to collect rents, which act like a fixed cost that the principal must pay when initiating a new relationship. The pri...

The process of industrialization in the swine industry has been written about extensively in recent years by Grimes, Barkema and Cook, Hurt, Rhodes, Boehlje and Schrader and others. The purpose of this paper is to concentrate on the pricing issues that have arisen during this process of industrialization. These issues include the diminishing role of open competitive markets and the increasing r...

We consider a singular with state constraints version of the stochastic target problems studied in [22], [23] and more recently [6], among others. This provides a general framework for the pricing of contingent claims under risk constraints. Our extended version perfectly suits to market models with proportional transaction costs and to order book liquidation issues. Our main result is a direct...

The psychological contract is a very well know topic amongst academics and practitioners. The majority of the literature sheds light to most of the areas of the psychological contract but lies heavily on larger organizations and mainly assessing the employee side. In this paper we investigate the existence of the psychological contract contrary to popular research in the field of small business...