We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Michael is a former senior editor of investing and trading products for ...

Martingale optimal transport (MOT) has emerged as a unifying framework for model-independent pricing and hedging of financial derivatives. By combining the classical theory of optimal mass transport ...

Macroeconomic modelling of climate policy impacts examines how measures to reduce greenhouse-gas emissions—such as carbon pricing, subsidies for low-carbon technologies and regulatory standards—affect ...