Analyses the economic efficiency of innovation under different market conditions within the context of a formal model that represents competitive innovation as the closed loop solution of a dynamic stochastic game in the spirit of Reinganum’s analysis. Goes beyond Reingnaum’s model in its...

Purpose – To describe work by the Library and Information Statistics Unit (LISU) based at Loughborough University to support decision making by managers in academic information and library services in the UK in the realm of providing access to scholarly information through serials....

Commodity markets present several challenges for quantitative modeling. These include high volatilities, small sample data sets, and physical, operational complexity. In addition, the set of traded products in commodity markets is more limited than in financial or equity markets, making value...