Martingales Property in Albania Exchange Market

Predictable Representation Property of Some Hilbertian Martingales

We prove as for the real case that a martingale with values in a separabale real Hilbert space is extremal if and only if it satisfies the predictable representation property.

Bidding Strategy in Demand Response Exchange Market

Demand response (DR) has many beneficiaries in the electricity market. There are independent players who are interested in DR, which include: transmission system owners, distributors, retailers, and aggregators. In this paper DR is introduced as a tradable commodity that can be exchanged between DR buyers and sellers in a pool-based market which is called demand response exchange (DRX). DRX ope...

Land Market Development and Agricultural Production Efficiency in Albania

On the Martingale Property of Certain Local Martingales

The stochastic exponential Zt = exp{Mt − M0 − (1/2)〈M,M〉t} of a continuous local martingale M is itself a continuous local martingale. We give a necessary and sufficient condition for the process Z to be a true martingale in the case where Mt = R t 0 b(Yu) dWu and Y is a one-dimensional diffusion driven by a Brownian motion W . Furthermore, we provide a necessary and sufficient condition for Z ...

Evaluation Iran Capital Market Hedging using World Capital Market (Simultaneous Investment in Iran Stock Exchange Market & World Gold Market)

Hedging is one of the most important topics in investment field, which could be noticed from different points of view. We evaluate the role of gold relative to different indices in Tehran Security Exchange (TSE) as a representative of Iran Capital Market .In this topic gold charecterristics of “save haven” and “hedge” versus TSE are studided. Daily Price Returns of 21 TSE stock indices and dail...