Malek Ben-Abdellatif, Hatem Ben-Ameur, Rim Chérif, and Tarek Fakhfakh
The estimation of the structural model poses a major challenge as its
underlying asset (the firm's asset value) is not directly observable. We
extend the m...
Hatem Ben-Ameur, Tarek Fakhfakh, and Alexandre Roch
We use stochastic dynamic programming to design and solve an extended
structural setting for which the illiquidity of the firm's assets under
liquidation i...