Existence results for the Cox-Ingersoll-Ross model with variable exponent diffusion

Fuente: arXiv
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Main Author: Avci, Mustafa
Format: Preprint
Published: 2025
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author Avci, Mustafa
author_facet Avci, Mustafa
contents This study proposes a new stochastic model where the diffusion coefficient involves a state-dependent variable exponent function $p(\cdot)$. This new theoretically flexible framework generalizes the classical Cox-Ingersol-Ross model. The existence, uniqueness, and higher moment properties of solutions are analyzed. The validity and efficiency of the model is illustrated with numerical experiments. Finally, a detailed analysis for Itô vs Stratonovich interpretations of the proposed model is provided.
format Preprint
id arxiv_https___arxiv_org_abs_2507_17173
institution arXiv
publishDate 2025
record_format arxiv
spellingShingle Existence results for the Cox-Ingersoll-Ross model with variable exponent diffusion
Avci, Mustafa
Probability
Analysis of PDEs
60G07, 60H15, 60H20, 60H30
This study proposes a new stochastic model where the diffusion coefficient involves a state-dependent variable exponent function $p(\cdot)$. This new theoretically flexible framework generalizes the classical Cox-Ingersol-Ross model. The existence, uniqueness, and higher moment properties of solutions are analyzed. The validity and efficiency of the model is illustrated with numerical experiments. Finally, a detailed analysis for Itô vs Stratonovich interpretations of the proposed model is provided.
title Existence results for the Cox-Ingersoll-Ross model with variable exponent diffusion
topic Probability
Analysis of PDEs
60G07, 60H15, 60H20, 60H30
url https://arxiv.org/abs/2507.17173