Precise photoproduction of the charged top-pions at the LHC with forward detector acceptances

We study the photoproduction of the charged top-pion predicted by the top triangle moose ($TTM$) model (a deconstructed version of the topcolor-assisted technicolor $TC2$ model) via the processes $pp\rightarrow p \gamma p \rightarrow \pi^\pm_t t +X$ at the 14 $TeV$ Large Hadron Collider ($LHC$) including next-to-leading order ($NLO$) $QCD$ corrections. Our results show that the production cross sections and distributions are sensitive to the free parameters $\sin\omega$ and $M_{\pi_t}$. Typical $QCD$ correction value is $7\% \sim 11\%$ and does not depend much on $\sin\omega$ as well as the forward detector acceptances.Comment: 21pages, 7figures. arXiv admin note: text overlap with arXiv:1201.4364 by other author

Regularity of the Optimal Stopping Problem for Jump Diffusions

The value function of an optimal stopping problem for jump diffusions is known to be a generalized solution of a variational inequality. Assuming that the diffusion component of the process is nondegenerate and a mild assumption on the singularity of the L\'{e}vy measure, this paper shows that the value function of this optimal stopping problem on an unbounded domain with finite/infinite variation jumps is in $W^{2,1}_{p, loc}$ with $p\in(1, \infty)$. As a consequence, the smooth-fit property holds.Comment: To Appear in the SIAM Journal on Control and Optimizatio

Valuation equations for stochastic volatility models

We analyze the valuation partial differential equation for European contingent claims in a general framework of stochastic volatility models where the diffusion coefficients may grow faster than linearly and degenerate on the boundaries of the state space. We allow for various types of model behavior: the volatility process in our model can potentially reach zero and either stay there or instantaneously reflect, and the asset-price process may be a strict local martingale. Our main result is a necessary and sufficient condition on the uniqueness of classical solutions to the valuation equation: the value function is the unique nonnegative classical solution to the valuation equation among functions with at most linear growth if and only if the asset-price is a martingale.Comment: Keywords: Stochastic volatility models, valuation equations, Feynman-Kac theorem, strict local martingales, necessary and sufficient conditions for uniquenes