2 papers
econ.TH2025
Bailouts by Representation: A Minimal TLC Theory with Weighted Consent
Xinli Guo
We develop a purely theoretical mechanism in which provincial bailouts are disciplined by two levers derived from Weighted Representative Democracy (WRD): a political shadow cost o…
math.PR2025
Functional Itô-formula and Taylor expansions for non-anticipative maps of càdlàg rough paths
Christa Cuchiero, Xin Guo, Francesca Primavera
We derive a functional Itô-formula for non-anticipative maps of rough paths, based on the approximation properties of the signature of càdlàg rough paths. This result is a function…