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There are strong reasons why your cooperation with our Custom Writing Service cannot be regarded as cheating.
When turning to custom writing services for help, it is important to ask yourself whether what you are doing is ethical. Our answer is: "It all depends on the company you are using". With CustomWritings.com, you pay for efficient academic assistance and receive legal service for your money. It is just as if you were getting help from a third party to fix your computer, or pay a tutor to improve your writing skills. It is absolutely ethical and cannot be regarded as cheating to get academic assistance from CustomWritings.com, as long as you use the model paper as a template for your own writing and properly cite the original.
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Title: Dynamic Term Structure Modelling with Default and Mortality Risk: New Results on Existence and Monotonicity
Authors:Stefan Tappe, Thorsten Schmidt
(Submitted on 26 Jun 2013)
Abstract: This paper considers general term structure models like the ones appearing in portfolio credit risk modelling or life insurance. We give a general model starting from families of forward rates driven by infinitely many Brownian motions and an integer-valued random measure, generalizing existing approaches in the literature. Then we derive drift conditions which are equivalent to no asymptotic free lunch on the considered market. Existence results are also given. In practice, models possessing a certain monotonicity are favorable and we study general conditions which guarantee this. The setup is illustrated with some examples.
Submission historyFrom: Thorsten Schmidt [view email]
[v1] Wed, 26 Jun 2013 15:14:59 GMT (29kb,D)
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