In modern societies personal limited liability is the norm, given such conditions as finite wealth and the elimination of debtors’ prisons. In fact, over the last few centuries, many societies have taken this principle further by passing laws that allow investors in banks and other business...

We introduce a problem in which demands arrive stochastically on a line segment, and upon arrival, move with a fixed velocity perpendicular to the segment. We design a receding horizon service policy for a vehicle with speed greater than that of the demands, based on the translational minimum...

In the economic growth literature there have been numerous theoretical and empirical studies that examined a multitude of potential factors and policies affecting economic growth, primarily public policies such as infrastructure, education, and taxes. While we have some understanding of how...