English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Zendy Plus

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Zendy Tools

Zendy Open

We consider, throughout this paper, an incomplete financial market which is governed by a possibly nonlocally bounded right-continuous with left-limits (RCLL) special semimartingale. We shall provide good deal bounds for contingent claims induced by shortfall risk in the framework of the Orlicz heart setting. We prove that the upper and lower bounds of such a good deal bound are expressed by a convex risk measure on an Orlicz heart. In addition, we obtain representation results for three types of model, which are an unconstrained portfolio model, a $W$-admissible model, and a predictably convex model.

Good Deal Bounds Induced by Shortfall Risk