No-arbitrage Pricing in a Market for Position on a Multilane Freeway (Prof. Henry Schellhorn, CGU)
Argue Auditorium, Pomona College 610 N. College Ave., Claremont, CA, United StatesTitle: No-arbitrage Pricing in a Market for Position on a Multilane Freeway Speaker: Henry Schellhorn, Department of Mathematics, Claremont Graduate University Abstract: We introduce a trading mechanism allowing cars to change position in a multilane congested freeway by doing peer-to-peer transactions. For the car initiating the operation, or incoming car, the goal can be to […]