The framework of Stein's method for Poisson process approximation is presented from the point of view of Palm theory, which is used to construct Stein identities and define local dependence. A general ...

This paper establishes expectation and variance asymptotics for statistics of the Poisson-Voronoi approximation of general sets, as the underlying intensity of the Poisson point process tends to ...

This paper describes a new numerical method, based on Stein’s method and zero bias transformation, of computing collateralized debt obligation (CDO) tranche prices. We propose first-order correction ...