(ECJ 4 December 2003, Evans, Case C-63/01, Cyril Nourissat, The forced arbitration under Community law, chron. Procedures, February. 2004, no 2)

We investigate the position of the Buchen-Kelly density in a family of entropy maximising densities which all match European call option prices for a given maturity observed in the market. Using the Legendre transform which links the entropy function and the cumulant generating function, we show tha...

This thesis deals with the issue of travel time reliability. The study of travel time reliability emerges from the fact that in many situations, travel time is random. Many events can change the travel time forecasted by operators or expected by users. Moreover, a tradeoff may exist between time and...

peer reviewed

International audience This communication presents the results of our intervention following a request for assistance in the prevention of musculoskeletal disorders in a construction company. Our primary objective was to understand the practices developed by workers and site managers to anticipate t...

We first review empirical evidence that asset prices have had episodes of large fluctuations and been inefficient for at least 200 years. We briefly review recent theoretical results as well as the neurological basis of trend following and finally argue that these asset price properties can be attri...

We provide a critical analysis of the proof of the fundamental theorem of asset pricing given in the paper Arbitrage and approximate arbitrage: the fundamental theorem of asset pricing by B. Wong and C.C. Heyde (Stochastics, 2010) in the context of incomplete Itô-process models. We show that their a...

"The transformations affecting cities are a source of tension or even conflict, here mobilisation against a development project, which confronts people with regard to the use of public spaces. These tensions reveal the deep forces that act in urban areas and lead to the exacerbation of power relatio...

We present an algorithm for the calibration of local volatility from market option prices through deep self-consistent learning, by approximating market option prices and local volatility using deep neural networks. Our method uses the initial-boundary value problem of the underlying Dupire's partia...

National hearing

(Civ. 1st, 14 May 2014, No 13-15.827, SAS Hautbois c/GAEC de la Berhaudière, D. 2014. 2541, OBS. T. Clay; RTD civ. 2014. 641, OBS. H. Barbier, not published in the Bulletin; Procedures 2014. 207, note L. Weiller; JCP 2014. 857, § 1, OBS. CH. Seraglini)

(Paris, 18 March 2014, No 12/13601, Sarl Sept de Cur v Soc. Babyjorn AB, D. 2014. 2541, OBS. T. Clay, novelty)

peer reviewed

this article examines how an evaluator produces judgements of dynamic and complex practice and questions the place of spontaneous value assignments in an established assessment. Empirical work focuses on overseeing rugby arbitrators as it takes place during a match. It identifies four procedures for...

What is the law governing the limitation period applicable to the enforcement of an arbitration award outside Québec? The Civil Code refers to the law which applies to the substance of the dispute. But what is the substance and the dispute? That statement analyses various possible hypotheses on the...

The problem of hedging and pricing sequences of contingent claims in large financial markets is studied. Connection between asymptotic arbitrage and behavior of the $\alpha$~-~quantile price is shown. The large Black-Scholes model is carefully examined.

National audience

CARESS Working-Paper, University of Pennsylvania, Ph, n° 95-01 This paper analyzes an incomplete financial markets model with pricetaking utility-maximizing financial innovators and no-short sales restrictions. It is shown that, given the indeterminacy of the no arbitrage price conjecture of innovat...

The assumption of efficiency in stock markets is one of the basic assumptions of asset valuation models, such as the Capital Asset Pricing Model and Arbitrage Pricing Theory, and argues that it is not possible to predict the prices of a financial asset as they behave randomly. By contrast, the fract...

Firstly, arbitration should be a primary motivator for the creation of the Oganization for Harmonization of Business Law in Africa to fight against the legal insecurity and promote development. This arbitration taites it’s inspiration from rules of international arbitration which gives a particular...

Court of Cassation (1st Ch. civ.). — 20 February 2001, Cuban Defense Systems v International Chamber of Commerce, D. 2001, p. 903 and obs.

Ce numéro de la Revue Études Caribéennes s’intéresse aux liens qui unissent et opposent l’activité touristique et les ressources naturelles, particulièrement dans les pays du Sud. Dans un contexte de médiatisation accrue des enjeux liés à la biodiversité et aux menaces qui pèsent sur elle, le touris...

The process of changing the price of bonds over time is completely different from that of shares. The valuation of bond options cannot be done using the same methodology as for equity options: the underlying asset follows a completely different stochastic process. In the case of bond options, instea...

(Civ. 1st, 9 November. 2016, No 15-25.554, Sté Vanille and c/Sté Monapro BV, novel, FD)

This paper analyses Manitoba's experiment with final offer selection for the purpose of clarifying the roots of the conflict it has generated.