Given the tremendous growth of factor allocation strategies in active and passive fund management, we investigate whether factor or sector asset allocation strategies provide investors with a superior performance. Our focus is on comparing factor versus sector allocations as some recent...

This paper investigates the role of risk-aversion in the allocation of workers between formal and informal jobs in Ghana. In the model I propose risk-averse workers can opt between the free-entry informal sector and queuing for formal occupations. Conditional on identifying the riskier option,...

This paper investigates the role of risk-aversion in the allocation of workers between formal and informal jobs in Ghana.  In the model I propose risk-averse workers can opt between the free-entry informal sector and queuing for formal occupations.  Conditional on identifying the riskier...

This paper investigates the role of risk-aversion in the allocation of workers between formal and informal jobs in Ghana. In the model I propose, risk-averse workers can opt between the free-entry informal sector and queuing for formal occupations. Conditional on identifying the riskier option,...

In this paper, we model and solve the problem of designing and allocating coastal seaspace sectors for steady-state patrolling operations by the vessels of a maritime protection agency. The problem addressed involves optimizing a multi-criteria objective function that minimizes a weighted...