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Evaluation of Financial and Actuarial Risk. The research group has focused on several different aspects of quantitative finance. As a first research subject, we faced the problem of pricing credit default swaps (CDSs), which entails the calculation of the risk of default. As a second research subject, we considered the problem of pricing complex derivatives. Precisely, we took into account barrier options on an underlying described by either the geometric fractional Brownian motion or a timechanged Brownian motion. Finally, we dealt with the problem of pricing real options in the presence of stochastic interest rates. Nonlinear Dynamics in Economic and Financial Models. Nonlinear Dynamics is an interdisciplinary area characterized by a rapid and extensive development in recent years, which has proved to be very useful in explaining some important facts in Economics and Finance (such as endogenous fluctuations). In this contribution, we provide an overview of our research on this topic, both in continuous and in discrete time.

The objective of the work is to retrace the main contributions of 50 years of studies and research by the group of agricultural economists of the Faculty of Economics of the University of Ancona/Università Politecnica delle Marche. These contributions share a common vision: the transformations of the primary sector in Italy and in the Marche region, are the original result of two equally powerful but largely independent forces. On the one hand, a tumultuous manufacturing development, territorially unbalanced and passively suffered. On the other hand, the centrality assigned to the agricultural sector by a Europe under construction and which has made the primary sector a privileged laboratory, not only as a recipient of resources, but also as an outpost in the definition of policy strategies and design. The originality of the contributions of this group of scholars lies in the analysis of these transformations from an openly critical perspective towards the then prevalent, often unilateral and hagiographic, readings of a development model and a certain idea of Europe. That model is nowat an end; and that idea of Europe must be overcome. It is therefore this critical perspective that makes these contributions still relevant and the driving force of present and future research.