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For a multifunction a condition sufficient for lower hemicontinuity is presented. It is shown that under convexity of …
Persistent link: https://www.econbiz.de/10011257819
Managing transboundary river basins is never easy and usually involves conflicts. This paper introduces a special class of games with externalities and issue linkage to promote cooperation on transboundary water resources. The paper analyzes whether issue linkages can be used as a form of...
Persistent link: https://www.econbiz.de/10011107991
In this paper we investigate the minimization process of the exact cost function for a continuous review (Q,R) inventory model with non-negative reorder point and fixed lead-time. Backorders are allowed and the unit shortage cost is used to determine the expected annual shortage cost. Provided...
Persistent link: https://www.econbiz.de/10011112632
In this paper we present compelling evidence from a detailed analysis of historical prepayment data to demonstrate that a mortgage cohort remembers the level of the previous mortgage rate troughs experienced by the cohort. This is a general property, observed ubiquitously, that inescapably leads...
Persistent link: https://www.econbiz.de/10005668404