3 papers
math.OC2026
A new perspective on the Løkka-Zervos dichotomy for absolutely continuous dividend strategies
Tommy Mastromonaco, Nacer Fendri, Jean-François Renaud +1
We revisit the optimization problem (and its dichotomous solution) analyzed in Renaud et al. (2026). By choosing affine functions (of the surplus level) to bound the dividend rates…
math.OC2023
An optimization dichotomy for capital injections and absolutely continuous dividend strategies
Jean-François Renaud, Alexandre Roch, Clarence Simard
We consider an optimal stochastic control problem in which a firm's cash/surplus process is controlled by dividend payments and capital injections. Stockholders aim to maximize the…
math.PR2023
Optimality of a refraction strategy in the optimal dividends problem with absolutely continuous controls subject to Parisian ruin
Félix Locas, Jean-François Renaud
We consider de Finetti's optimal dividends problem with absolutely continuous strategies in a spectrally negative Lévy model with Parisian ruin as the termination time. The problem…