Pricing Upward-Only Adjusting Leases
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This paper presents a stochastic pricing model of a unique, path-dependent lease instrument common in the United Kingdom and numerous commonwealth countries, the upward-only adjusting lease. In this lease, the rental rate is fixed at lease commencement but will be reset to the market rate at
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美国国家经济研究局创建时间：
2000-03-01
