Adjoint-Based Calibration of Nonlinear Stochastic Differential Equations
To study the nonlinear properties of complex natural phenomena, the evolution of the quantity of interest can be often represented by systems of coupled nonlinear stochastic differential equations (SDEs). These SDEs typically contain several ...
Discrete-Time Hybrid Control Processes with Unbounded Costs
This paper extends the results provided in Jasso-Fuentes et al. (Appl Math Optim 81(2):409–441, 2020b) and Jasso-Fuentes et al. (Pure Appl Funct Anal 9(3):675–704, 2024) regarding the study of discrete-time hybrid stochastic models with general ...
A Stochastic Non-zero-Sum Game of Controlling the Debt-to-GDP Ratio
We introduce a non-zero-sum game between a government and a legislative body to study the optimal level of debt. Each player, with different time preferences, can intervene on the stochastic dynamics of the debt-to-GDP ratio via singular ...