{"bundle_type":"pith_open_graph_bundle","bundle_version":"1.0","pith_number":"pith:2010:VMOSWTJFT5OFTBLXO6XSEN743B","short_pith_number":"pith:VMOSWTJF","canonical_record":{"source":{"id":"1007.0199","kind":"arxiv","version":5},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.TR","submitted_at":"2010-07-01T15:45:58Z","cross_cats_sorted":["cs.SY","math.OC","math.PR"],"title_canon_sha256":"fa26eebeb8729e6dae8ed509037b51d7afb75e33417b5783b09f164025333158","abstract_canon_sha256":"85c0ddf80845245bfa8cc0aaa8fac0b3ab3bae13c16e1f46ba5e618ab1e9e68b"},"schema_version":"1.0"},"canonical_sha256":"ab1d2b4d259f5c59857777af2237fcd856e8b64921fb5e0eb243f9b0aea4eef6","source":{"kind":"arxiv","id":"1007.0199","version":5},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1007.0199","created_at":"2026-05-18T02:42:37Z"},{"alias_kind":"arxiv_version","alias_value":"1007.0199v5","created_at":"2026-05-18T02:42:37Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1007.0199","created_at":"2026-05-18T02:42:37Z"},{"alias_kind":"pith_short_12","alias_value":"VMOSWTJFT5OF","created_at":"2026-05-18T12:26:15Z"},{"alias_kind":"pith_short_16","alias_value":"VMOSWTJFT5OFTBLX","created_at":"2026-05-18T12:26:15Z"},{"alias_kind":"pith_short_8","alias_value":"VMOSWTJF","created_at":"2026-05-18T12:26:15Z"}],"events":[{"event_type":"record_created","subject_pith_number":"pith:2010:VMOSWTJFT5OFTBLXO6XSEN743B","target":"record","payload":{"canonical_record":{"source":{"id":"1007.0199","kind":"arxiv","version":5},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.TR","submitted_at":"2010-07-01T15:45:58Z","cross_cats_sorted":["cs.SY","math.OC","math.PR"],"title_canon_sha256":"fa26eebeb8729e6dae8ed509037b51d7afb75e33417b5783b09f164025333158","abstract_canon_sha256":"85c0ddf80845245bfa8cc0aaa8fac0b3ab3bae13c16e1f46ba5e618ab1e9e68b"},"schema_version":"1.0"},"canonical_sha256":"ab1d2b4d259f5c59857777af2237fcd856e8b64921fb5e0eb243f9b0aea4eef6","receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-18T02:42:37.664220Z","signature_b64":"cYEiWpIcc7CTxREuSaSvvMm/WknSKQ61gD1N+ObYMyt+Xbuy/GvU2BjfgEd10mmB7rq9PsQs4/4bdJYBg4tcCw==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"ab1d2b4d259f5c59857777af2237fcd856e8b64921fb5e0eb243f9b0aea4eef6","last_reissued_at":"2026-05-18T02:42:37.663566Z","signature_status":"signed_v1","first_computed_at":"2026-05-18T02:42:37.663566Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"source_kind":"arxiv","source_id":"1007.0199","source_version":5,"attestation_state":"computed"},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-18T02:42:37Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"/ml1rGMgVJ2yM4HGYdF7I44w5nyqThBeO3lQmrUToaqWqJL7dXwF7v+iu44+bExYkYDDBdzUpgikGvcPmlq5Dg==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-06-23T03:03:05.303077Z"},"content_sha256":"b3f91bc22981caa32deaea273c9039112e20727d05f78430f24de683b98397b2","schema_version":"1.0","event_id":"sha256:b3f91bc22981caa32deaea273c9039112e20727d05f78430f24de683b98397b2"},{"event_type":"graph_snapshot","subject_pith_number":"pith:2010:VMOSWTJFT5OFTBLXO6XSEN743B","target":"graph","payload":{"graph_snapshot":{"paper":{"title":"Optimal execution strategy in the presence of permanent price impact and fixed transaction cost","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["cs.SY","math.OC","math.PR"],"primary_cat":"q-fin.TR","authors_text":"Mauricio Junca","submitted_at":"2010-07-01T15:45:58Z","abstract_excerpt":"We study a single risky financial asset model subject to price impact and transaction cost over an infinite horizon. An investor needs to execute a long position in the asset affecting the price of the asset and possibly incurring in fixed transaction cost. The objective is to maximize the discounted revenue obtained by this transaction. This problem is formulated first as an impulse control problem and we characterize the value function using the viscosity solutions framework. We also analyze the case where there is no transaction cost and how this formulation relates with a singular control "},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1007.0199","kind":"arxiv","version":5},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"verdict_id":null},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-18T02:42:37Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"gsxPtiwx8K+Xn8Uah0/jz/VYH/+7t+5aX4gxN0NkpaP3597/g9WVbC4EMfQGNea0fEhAzVmonjf1mVt7OBv6DA==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-06-23T03:03:05.303432Z"},"content_sha256":"4a2ac7ddd218220887540c60e73aa8cb14ff9be5211622f58fa0bf0870866a72","schema_version":"1.0","event_id":"sha256:4a2ac7ddd218220887540c60e73aa8cb14ff9be5211622f58fa0bf0870866a72"}],"timestamp_proofs":[],"mirror_hints":[{"mirror_type":"https","name":"Pith Resolver","base_url":"https://pith.science","bundle_url":"https://pith.science/pith/VMOSWTJFT5OFTBLXO6XSEN743B/bundle.json","state_url":"https://pith.science/pith/VMOSWTJFT5OFTBLXO6XSEN743B/state.json","well_known_bundle_url":"https://pith.science/.well-known/pith/VMOSWTJFT5OFTBLXO6XSEN743B/bundle.json","status":"primary"}],"public_keys":[{"key_id":"pith-v1-2026-05","algorithm":"ed25519","format":"raw","public_key_b64":"stVStoiQhXFxp4s2pdzPNoqVNBMojDU/fJ2db5S3CbM=","public_key_hex":"b2d552b68890857171a78b36a5dccf368a953413288c353f7c9d9d6f94b709b3","fingerprint_sha256_b32_first128bits":"RVFV5Z2OI2J3ZUO7ERDEBCYNKS","fingerprint_sha256_hex":"8d4b5ee74e4693bcd1df2446408b0d54","rotates_at":null,"url":"https://pith.science/pith-signing-key.json","notes":"Pith uses this Ed25519 key to sign canonical record SHA-256 digests. Verify with: ed25519_verify(public_key, message=canonical_sha256_bytes, signature=base64decode(signature_b64))."}],"merge_version":"pith-open-graph-merge-v1","built_at":"2026-06-23T03:03:05Z","links":{"resolver":"https://pith.science/pith/VMOSWTJFT5OFTBLXO6XSEN743B","bundle":"https://pith.science/pith/VMOSWTJFT5OFTBLXO6XSEN743B/bundle.json","state":"https://pith.science/pith/VMOSWTJFT5OFTBLXO6XSEN743B/state.json","well_known_bundle":"https://pith.science/.well-known/pith/VMOSWTJFT5OFTBLXO6XSEN743B/bundle.json"},"state":{"state_type":"pith_open_graph_state","state_version":"1.0","pith_number":"pith:2010:VMOSWTJFT5OFTBLXO6XSEN743B","merge_version":"pith-open-graph-merge-v1","event_count":2,"valid_event_count":2,"invalid_event_count":0,"equivocation_count":0,"current":{"canonical_record":{"metadata":{"abstract_canon_sha256":"85c0ddf80845245bfa8cc0aaa8fac0b3ab3bae13c16e1f46ba5e618ab1e9e68b","cross_cats_sorted":["cs.SY","math.OC","math.PR"],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.TR","submitted_at":"2010-07-01T15:45:58Z","title_canon_sha256":"fa26eebeb8729e6dae8ed509037b51d7afb75e33417b5783b09f164025333158"},"schema_version":"1.0","source":{"id":"1007.0199","kind":"arxiv","version":5}},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1007.0199","created_at":"2026-05-18T02:42:37Z"},{"alias_kind":"arxiv_version","alias_value":"1007.0199v5","created_at":"2026-05-18T02:42:37Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1007.0199","created_at":"2026-05-18T02:42:37Z"},{"alias_kind":"pith_short_12","alias_value":"VMOSWTJFT5OF","created_at":"2026-05-18T12:26:15Z"},{"alias_kind":"pith_short_16","alias_value":"VMOSWTJFT5OFTBLX","created_at":"2026-05-18T12:26:15Z"},{"alias_kind":"pith_short_8","alias_value":"VMOSWTJF","created_at":"2026-05-18T12:26:15Z"}],"graph_snapshots":[{"event_id":"sha256:4a2ac7ddd218220887540c60e73aa8cb14ff9be5211622f58fa0bf0870866a72","target":"graph","created_at":"2026-05-18T02:42:37Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"graph_snapshot":{"author_claims":{"count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","strong_count":0},"builder_version":"pith-number-builder-2026-05-17-v1","claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"paper":{"abstract_excerpt":"We study a single risky financial asset model subject to price impact and transaction cost over an infinite horizon. An investor needs to execute a long position in the asset affecting the price of the asset and possibly incurring in fixed transaction cost. The objective is to maximize the discounted revenue obtained by this transaction. This problem is formulated first as an impulse control problem and we characterize the value function using the viscosity solutions framework. We also analyze the case where there is no transaction cost and how this formulation relates with a singular control ","authors_text":"Mauricio Junca","cross_cats":["cs.SY","math.OC","math.PR"],"headline":"","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.TR","submitted_at":"2010-07-01T15:45:58Z","title":"Optimal execution strategy in the presence of permanent price impact and fixed transaction cost"},"references":{"count":0,"internal_anchors":0,"resolved_work":0,"sample":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1007.0199","kind":"arxiv","version":5},"verdict":{"created_at":null,"id":null,"model_set":{},"one_line_summary":"","pipeline_version":null,"pith_extraction_headline":"","strongest_claim":"","weakest_assumption":""}},"verdict_id":null}}],"author_attestations":[],"timestamp_anchors":[],"storage_attestations":[],"citation_signatures":[],"replication_records":[],"corrections":[],"mirror_hints":[],"record_created":{"event_id":"sha256:b3f91bc22981caa32deaea273c9039112e20727d05f78430f24de683b98397b2","target":"record","created_at":"2026-05-18T02:42:37Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"attestation_state":"computed","canonical_record":{"metadata":{"abstract_canon_sha256":"85c0ddf80845245bfa8cc0aaa8fac0b3ab3bae13c16e1f46ba5e618ab1e9e68b","cross_cats_sorted":["cs.SY","math.OC","math.PR"],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.TR","submitted_at":"2010-07-01T15:45:58Z","title_canon_sha256":"fa26eebeb8729e6dae8ed509037b51d7afb75e33417b5783b09f164025333158"},"schema_version":"1.0","source":{"id":"1007.0199","kind":"arxiv","version":5}},"canonical_sha256":"ab1d2b4d259f5c59857777af2237fcd856e8b64921fb5e0eb243f9b0aea4eef6","receipt":{"algorithm":"ed25519","builder_version":"pith-number-builder-2026-05-17-v1","canonical_sha256":"ab1d2b4d259f5c59857777af2237fcd856e8b64921fb5e0eb243f9b0aea4eef6","first_computed_at":"2026-05-18T02:42:37.663566Z","key_id":"pith-v1-2026-05","kind":"pith_receipt","last_reissued_at":"2026-05-18T02:42:37.663566Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","receipt_version":"0.3","signature_b64":"cYEiWpIcc7CTxREuSaSvvMm/WknSKQ61gD1N+ObYMyt+Xbuy/GvU2BjfgEd10mmB7rq9PsQs4/4bdJYBg4tcCw==","signature_status":"signed_v1","signed_at":"2026-05-18T02:42:37.664220Z","signed_message":"canonical_sha256_bytes"},"source_id":"1007.0199","source_kind":"arxiv","source_version":5}}},"equivocations":[],"invalid_events":[],"applied_event_ids":["sha256:b3f91bc22981caa32deaea273c9039112e20727d05f78430f24de683b98397b2","sha256:4a2ac7ddd218220887540c60e73aa8cb14ff9be5211622f58fa0bf0870866a72"],"state_sha256":"d49779932b1b0edd111279ca17c6395233829b05a857955eaa6980d3f71f5c86"},"bundle_signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"QOkjB2rHeNIBI7ONp2RrRMButH77IHaNcby/IA3sNZ9aGWbp5BAqcP931TFEq9g7WKDHi/WVIHj5Zf5os3H8Cw==","signed_message":"bundle_sha256_bytes","signed_at":"2026-06-23T03:03:05.305362Z","bundle_sha256":"41030795471a0a9e13dc74627bcf3ef37926e49e5d9235abeab0fc23133926dc"}}