Analytical and Computational Study of Economic Dynamical Processes by Methods of Wave Dynamics

Alexsander Bagdoev, Sedrak Vardanyan, Diana Karapetyan and Hegnar Martirosyan

Applied Econometrics, 2009, vol. 13, issue 1, 50-69

Abstract: By methods of wave dynamics nonlinear equations for economic dynamical processes are derived. They deal both with the transition probabilities of Markov diffusion processes and the ones of random functions values. By using the mean curves of variations of random functions values with respect to time the nonlinear equations coefficients are ob-tained. Analytic and numerical solutions for several economic problems, such as the Black-Sholes precise bonds dynam-ics problem and others are found

Keywords: Markov diffusion processes; Black-Scholes model (search for similar items in EconPapers)
JEL-codes: C02 (search for similar items in EconPapers)
Date: 2009
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