@inbook{49290134145a43b8a8249bd6d1ba5fd6,
title = "Pricing the American Feature",
abstract = "To understand the problems and techniques of pricing the American feature of an option, this chapter introduces the American option pricing problem from the conventional approach based on compound options and the free boundary value problem which can be solved by using either the Fourier transform technique or a simple approximation procedure. The framework developed is readily extended to other option pricing problems.",
keywords = "American Options, Compound Option, Critical Stock Price, Free Boundary Value Problem, Simple Estimation Procedure",
author = "Carl Chiarella and He, {Xue Zhong} and Nikitopoulos, {Christina Sklibosios}",
note = "Publisher Copyright: {\textcopyright} 2015, Springer-Verlag Berlin Heidelberg.",
year = "2015",
doi = "10.1007/978-3-662-45906-5_16",
language = "English",
series = "Dynamic Modeling and Econometrics in Economics and Finance",
publisher = "Springer Science and Business Media Deutschland GmbH",
pages = "349--369",
booktitle = "Dynamic Modeling and Econometrics in Economics and Finance",
}