| Article ID: | iaor20091458 |
| Country: | United States |
| Volume: | 2004 |
| Issue: | 4 |
| Start Page Number: | 359 |
| End Page Number: | 369 |
| Publication Date: | Oct 2004 |
| Journal: | Journal of Applied Mathematics and Stochastic Analysis |
| Authors: | Tudor Ciprian A. |
| Keywords: | financial, finance & banking, probability |
We prove an existence and uniqueness theorem for a class of Itô–Skorohod stochastic equations. As an application, we introduce a Black–Scholes market model where the price of the risky asset follows a nonadapted equation.