The deployment of smart grids in electricity systems has given rise to much interdisciplinary research. The new technology is seen as an additional instrument available to States to achieve targets for promoting competition, increasing the safety of electricity systems and combating climate...

The Swiss railway system is known for its high quality of service and integration in a particularly dense public transport system. People are generally less aware of ongoing institutional reform. This article strives to shed light on passenger traffic reform, and more particularly on regional...

Many studies in the fields of Law, Sociology and Management point out the transformation of subordination in the employment relation. This transformation of subordination is often explained by the triangulation of the traditionally bilateral employment relation between employer and employees,...

The procedures presented in this paper provide a dynamic apparatus of crediting the industrial operating systems with the assignment to avoid their correlated defaulting, to conserve general safety and soundness and improve its ability to serve as a source for sustainable growth for economy. The...

The liberalisation and integration of European energy markets in a single one are going on. However, the energy environment of the European Union as well as its own internal situation have undergone profound changes. Thus, energy security issue of member states is discussed. This security...

We introduce a new measure of risk appetite in financial markets, based on the cross sectional behavior of excess returns. Turning them into probabilities through a Markov Switching model, we define one global risk appetite measure as the cross-sectional average of the individual probabilities...