Dharma Lesmono

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In many parliamentary systems, election timing is an important decision made by governments in order to maximize their expected remaining life in power. Governments can also introduce policy or economic actions to enhance their popular standing and thus their chance of being re-elected. On the other hand, an oppositions’ natural objective is to gain power,(More)
We study a stochastic differential equation (SDE) describing a class of meanreverting diffusions on a bounded interval. The drift coefficient is not continuous near the boundaries. Nor does it satisfy either of the usual Lipschitz or linear growth conditions. We characterize the boundary behaviour, identifying two possibilities: entrance boundary and(More)
We consider a continuous time model for election timing in a Majoritarian Parliamentary System where the government maintains a constitutional right to call an early election. Our model is based on the two-party-preferred data that measure the popularity of the government and the opposition over time. We describe the poll process by a Stochastic(More)
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