MATHEMATICAL
ECONOMICS
LETTERS
EDITOR-IN-CHIEF
Moawia Alghalith, The University of the West Indies,
Trinidad
HONORARY EDITORS
Tomasz R. Bielecki, Illinois Institute of Technology, USA
Stephen Satchell, University of Cambridge, UK
EDITORIAL BOARD
Noël Bonneuil, Institut National d’Etudes Démographiques, France
Stefano Bosi, Université de Cergy-Pontoise, France
Raouf Boucekkiney, GREQAM, France
Robert Chambers, University of Maryland, USA
Daniel Hernández-Hernández, Centro de Investigación
en Matemáticas, Mexico
Eliakim Katz, Northern Illinois University, USA
Luca Lambertini, University of Bologna, Italy
Charles Lehalle, Crédit Agricole Cheuvreux, France
Vladimir Matveenko, Russian Academy of Sciences
(RAS), Russia
Michael McAleer, Erasmus University Rotterdam,
The Netherlands
Gareth Peters, University College London (UCL), UK
Wim Schoutens, K.U.Leuven, Belgium
Ramon Ruiz-Tamarit, University of Valencia, Spain
Mich Tvede, Newcastle University, UK
Wing-Keung Wong, Hong Kong Baptist University,
Hong Kong
Makoto Yano, Kyoto University, Japan
Yuri Yatsenko, Houston Baptist University, USA
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ABSTRACTED/INDEXED IN Celdes, CNPIEC, EBSCO Discovery Service, Google Scholar, J-Gate, Naviga (Softweco), Primo Central (ExLibris),
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Mathematical Economics Letters (MEL) considers high quality short communications (limited to six printed pages) in the innovative use of mathematical
methods in economics and finance. We consider papers in all areas of economics and finance such as financial economics, public economics, international
economics, monetary economics, among others. Very important results in pure mathematics will be also considered. We also welcome research
announcements (research in progress) and editorials (limited to two printed pages) from very established scholars. The topics include (but are not limited
to) Stochastic analysis, Optimal control theory, Optimization, Harmonic analysis, Fourier and wavelet analysis, Viscosity solutions to PDEs, Game
theory, Applied probability, Numerical methods, Econometric methods
The journal is addressed to economists (instructors and students), financiers and mathematicians.
ISSN 2195-4615 ⋅ e-ISSN 2195-4623
All information regarding notes for contributors, subscriptions, Open Access, back volumes and orders is available online at www.degruyter.com/mel.
RESPONSIBLE EDITOR Moawia Alghalith, The University of the West Indies, Department of Economics, St. Augustine, Trinidad,
Email: [email protected]
JOURNAL MANAGER Theresa Haney, De Gruyter, Genthiner Straße 13, 10785 Berlin, Germany.
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2014 | Volume 2 | Number 3–4
Math. Econ. Lett.
Contents
Letters
Giorgio Fabbri and Salvatore Federico
On the Infinite-Dimensional Representation of Stochastic Controlled Systems with Delayed Control
33
in the Diffusion Term
Youssef El-Khatib
A Homotopy Analysis Method for the Option Pricing PDE in Post-Crash Markets
Amit Gayer
Monopoly, Social Welfare, and Multi Product Quality
45
51
Athanasios Lapatinas
Understanding Voting Behaviour in Complex Political Systems
59
Short Communications
Manuel A. Gómez
Discrete Versus Continuous Time in an Endogenous Growth Model with Durable Consumption
Begoña Subiza and Josep E. Peris
A Solution for General Exchange Markets with Indivisible Goods when Indifferences are Allowed
67
77
Research Announcement
Kathirvel Jeganathan
A Perishable Inventory Model with Bonus Service for Certain Customers, Balking and 𝑁 + 1 Policy
83
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