Paola Ferretti

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Along with a growing interest in tourism research is the effort to establish innovative methodologies that are useful to guide the tourist operators and the policy makers in selecting forecasting techniques. Nevertheless, predicting tourist demand is still lacking at a microeconomic level, while it has become a flourishing theme of research uniquely at a(More)
In this paper we extend the state preference technique to the valuation of some exotic options. Such approach allows to relax some of the strongest assumptions that are imposed by most of the financial models that give rise to a unique value. The technique proposed makes use of stochastic dominance criteria in order to give lower and upper bounds for the(More)
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