Transactions of the American Mathematical Society, Vol. 263, No. 2 (Feb., 1981), pp. 493-500 (8 pages) Let $\Delta'$ be the class of all derivatives. The main goal of ...

This is a preview. Log in through your library . Abstract In the paper, by virtue of convolution theorem for the Laplace transforms, Bernstein’s theorem for completely monotonic functions, some ...

In this paper, we present a new and general approach to price derivatives based on the Black–Scholes partial differential equation (BS-PDE) in a multidimensional setting. The first ingredient in our ...