Fairness has several interpretations in sports, one of them being that the rules should guarantee incentive compatibility, namely, a team cannot beworse off due to better results in any feasible scenario. The current seeding regime of the most prestigious annual European club football...

The year 2020 saw the world turned upside down by the coronavirus pandemic. Countless human activities were suspended or cancelled as the virus spread across the globe. In this paper, we show how the regular season matches of Ecuador’s professional football league were rescheduled due to the...

Measuring and allocating risk properly are crucial for performance evaluation and internal capital allocation of portfolios held by banks, insurance companies, investment funds and other entities subject to financial risk. We show that by using a coherent measure of risk it is impossible to...

The objective of this study is twofold: first to analyze how the implementation of the EU energy tax policies will affect the EU and its Member States and secondly to analyze how energy tax policies can contribute to climate policy objectives in the enlarged EU.

Savings and investments in the American money market by emerging countries, primarily China, financed the excessive consumption of the United States in the early 2000s, which indirectly led to a global financial crisis. The crisis started from the real estate mortgage market. Such balance...

We consider a situation in which agents have mutual claims on each other, summarized in a liability matrix. Agents' assets might be insufficient to satisfy their liabilities leading to defaults. In case of default, bankruptcy rules are used to specify the way agents are going to be rationed. A...

Present low interest rates environment brings about numerous economic effects. Insurance companies are also strongly affected, since traditional insurance products often provide guaranteed returns to policyholders. As guaranteed returns are related to market interest rates, the question about...

Improved patient care coordination is critical for achieving better health outcome measures at reduced cost. Better integration of primary and secondary care in chronic illness care and utilizing the advantages of better collaboration between general practitioners and specialists may support...

This paper presents unprecedented exchange rate forecasting results based upon a new model which approximates the gap between the fundamental equilibrium exchange rate and the actual exchange rate with the long-maturity forward exchange rate. The theoretical derivation of our forecasting...