This paper considers exponential utility indifference pricing for a multidimensional nontraded assets model subject to inter-temporal default risk, and provides a semigroup approximation for the utility indifference price. The key tool is the splitting method. We apply our methodology to study the counterparty risk of derivatives in incomplete markets.

A P4 is a chordless path of four vertices. A graph is P4-indifference if it admits an ordering < on its vertex set such that every P4 abcd has a < b < c < d or d < c < b < a. Such an ordering is called a P4-indifference ordering. The P4-indifference graphs were introduced in [Chv84] as a particular class of perfectly orderable graphs. A graph is perfectly orderable if there exists an ordering o...

the purpose of present research is to consider the relationship between occupational prestige and avoidance variables and intermediate role of organizational indifference. this research is practical and its data were collected through descriptive method and is descriptive-correlative. statistical community is all ilam petrochemical&apos;s co employees. about 276 subjects were selected as sample...

INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 901 R I. INDIFFERENCE TO STATUTORY BOUNDARIES . . . . . . . . . . . . . . . . 903 R A. Taking Procedural Shortcuts . . . . . . . . . . . . . . . . . . . . . . . . 903 R B. Making the Most of Limited Tools . . . . . . . . . . . . . . . . . . 906 R 1. Encouraging Product Recalls . . . . ...

With the aid of Taylor-based approximations, this paper presents results for pricing insurance contracts by using indifference pricing under general utility functions. We discuss the connection between the resulting “theoretical” indifference prices and the pricing rule-of-thumb that practitioners use: Best Estimate plus a “Market Value Margin”. Furthermore, we compare our approximations with k...

The in vitro interactions of anidulafungin with itraconazole, voriconazole, and amphotericin B were evaluated by using the checkerboard method. For Aspergillus spp., anidulafungin with amphotericin B showed indifference for 16/26 isolates, while anidulafungin with either azole showed a synergy trend for 18/26 isolates. All drug combinations showed indifference for 7/7 Fusarium sp. isolates.