The numerical computation of real option value is very important in the evaluating of venture investment.We develops a trinomial tree pricing model of the real option,proves that the equation of real option value unde...The numerical computation of real option value is very important in the evaluating of venture investment.We develops a trinomial tree pricing model of the real option,proves that the equation of real option value under trinomial tree model is approximate to Black-Scholes equation.It is obvious that trinomial model is excelled than binomial tree model in precision and calculation from an example.展开更多
The paper summarizes the international statistical definition of the informal sector and informal employment,although the latter concept has not been defined identically.According to the international and domestic res...The paper summarizes the international statistical definition of the informal sector and informal employment,although the latter concept has not been defined identically.According to the international and domestic research on informal employment,we propose a definition of informal employment and the frame of it.The statistical measurement of informal employment such as the labor force surveys is also discussed.展开更多
文摘The numerical computation of real option value is very important in the evaluating of venture investment.We develops a trinomial tree pricing model of the real option,proves that the equation of real option value under trinomial tree model is approximate to Black-Scholes equation.It is obvious that trinomial model is excelled than binomial tree model in precision and calculation from an example.
文摘The paper summarizes the international statistical definition of the informal sector and informal employment,although the latter concept has not been defined identically.According to the international and domestic research on informal employment,we propose a definition of informal employment and the frame of it.The statistical measurement of informal employment such as the labor force surveys is also discussed.
