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arxiv: 1511.00331 · v1 · pith:BJCPZX2Dnew · submitted 2015-11-01 · 🧮 math.PR

Construction of multi-default models with full viability

classification 🧮 math.PR
keywords modelfullmulti-defaultviabilityassumptionconstructconstructiondrift
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We study multi-default model which satisfies the quasi-left-continuity, the martingale representation property, the drift multiplier assumption and the full viability. We use $\natural$-model to construct one such model.

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