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That climate variability and change can potentially force multiple simultaneous breadbasket crop yield shocks has been established. But research quantifying the mechanisms behind such simultaneous sho...
The Comisión de Regulación de Energía y Gas (CREG) has proposed a new mechanism for determining and assigning the reliability charge in the Colombian wholesale electricity market (CxC) and an elec...
Short Term Contracts and Long Term Agency Relationships.
The Berkshires Strategy Project, a six-month strategy development effort involving dozens of private and public sector organizations in the Berkshires, has led to broad consensus behind an economic st...
This paper develops scenarios of electricity demand in China until 2010, at a national, a sectoral and a regional level. It takes into account the recent macroeconomic downturn in the Chinese economy ...
In wholesale electricity market, a generator with cost information advantage will submit a bid higher than its true cost, which may reduce the market efficiency. To solve this problem, this article de...
We consider the portfolio choice problem for an investor interested in long-run growth optimality while facing drawdown constraints in a general continuous semimartingale model. The paper introduces t...
One of the important objectives of Canada’s immigration system is to assist in meeting the labour market needs of today while building the skilled workforce of the future.In short, it is widely accept...
To determine the effect of long-term care (LTC) insurance on nursing home use. DESIGN: Longitudinal analysis, 1998 to 2006 waves of the Health Retirement Study. SETTING: Community-dwelling nationally ...
This paper considers asset price dynamics of which discounted return is modeled by a multi-dimensional affine diffusion process. By analyzing the Riccati system, which is associated with the affine p...
Intertrade duration of equities is an important financial measure characterizing the trading activities, which is defined as the waiting time between successive trades of an equity. Using the ultrahi...
The issue of CEO compensation has become a controversial staple of media dialogue and academic pondering, especially after a crisis such as the 2007 mortgage market meltdown. CEOs, through stock ...
With the emergence of People’s Republic of China (PRC) and India, the economic landscape of Asia and its relation to the global economy have changed. Using a new dynamic global model, we present forec...
The global financial crisis results from three factors: overly expansionary US monetary policy; inappropriate financial deregulation; and a financial panic following the bankruptcy of Lehman Brother...

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