Backward Stochastic Differential Equations (BSDEs) constitute a powerful framework where the solution is determined by a terminal condition and then propagated backwards in time. This innovative ...
The Annals of Applied Probability, Vol. 28, No. 1 (February 2018), pp. 1-34 (34 pages) In this paper, we aim to develop the stochastic control theory of branching diffusion processes where both the ...
This is a preview. Log in through your library . Abstract A method for optimization in nonlinear stochastic models is proposed in this paper, and applied to study monetary and fiscal policy in the St.