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ABSTRACT This paper develops a new financial product that allows the profit-and-loss sharing (PLS) principle to be enforced recursively in practice. A new equity-like financial product is proposed through...
Welcome to The Journal of Risk's Online Early Forum. Here you will find the latest peer reviewed, accepted papers before they are available in print. With Online Early publication, users can access...
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This paper deals with the performance of popular option strategies in the Nordic power derivatives market.
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