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Pricing options in illiquid markets: optimal systems, symmetry reductions and exact solutions
illiquid market nonlinearity explicit solutions Liegroup analysis
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2010/4/27
We study a class of nonlinear pricing models which involves the feedback effect from the dynamic hedging strategies on the price of asset introduced by Sircar and Papanicolaou. We are first to study t...
Comment on: "New exact solutions of the (3+1)-dimensional Burgers System" [Phys. Lett. A 373 (2009) 181]
(3+1)-dimensional Burgers System exact solutions
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2010/4/6
We demonstrate that all exact solutions of the Riccati equation by Dai andWang [C.-Q. Dai, Y.-Y.Wang, Phys. Lett. A 373 (2009) 181-187] are not new and cannot be new because the general solution of th...