Prior research suggests that consumers make trade-offs between two products by focusing more on alignable differences (i.e., the values of the options on the same attributes are different) than on nonalignable differences (i.e., the options have different attributes). The present research...

Variable annuities, as a class of retirement income products, allow equity market exposure for a policyholder's retirement fund with electable additional guarantees to limit the downside risk of the market. Management fees and guarantee insurance fees are charged respectively for the market...

A major problem in financial engineering is investing on financial markets for long horizons. At infinite horizons, dynamic versions of the Kelly strategy are mathematically certain to maximize growth, such that these growth-optimal portfolios outperform all other investment strategies. This...

Traditional life insurance policies offer no equity investment opportunities for the premium paid, and suffer from low returns over the long insurance terms. Modern equity-linked insurance policies offer equity investment opportunities exposed to equity market risk. To combine the low-risk of...

We investigate an optimal investment-consumption and optimal level of insurance on durable consumption goods with a positive loading in a continuous-time economy. We assume that the economic agent invests in the financial market and in durable as well as perishable consumption goods to derive...

In this paper we consider the pricing of variable annuities (VAs) with guaranteed minimum withdrawal benefits. We consider two pricing approaches, the classical risk-neutral approach and the benchmark approach, and we examine the associated static and optimal behaviors of both the investor and...

The performance of the bioelectrochemical anaerobic digestion (BEAD) reactor was investigated with different carbon material-modified electrodes for the methanation of maize straw. The carbon material-modified electrodes used titanium (Ti) mesh modified with carbon nanotube (CNT), carbon black...

The performance of the bioelectrochemical anaerobic digestion (BEAD) reactor was investigated with different carbon material-modified electrodes for the methanation of maize straw. The carbon material-modified electrodes used titanium (Ti) mesh modified with carbon nanotube (CNT), carbon black...

How does corporate reputation influence customer behavioral intentions? This article proposes a model with customer trust, customer identification and customer commitment as the key intervening factors between corporate reputation and customer purchase intention and willingness to pay a price...