Purpose This study aims to forecast daily value-at-risk (VaR) for international stock indices by using the conditional extreme value theory (EVT) with the Realized GARCH (RGARCH) model. The predictive ability of this Realized GARCH-EVT (RG-EVT) model is compared with those of the standalone...

Abstract This paper analyses the incentives of a vertical integrated Internet service provider (ISP) to block competitors from content markets. Using a simple model we find that the ISP does not block competing content providers as long as the contents are differentiated sufficiently. Exclusion...

Abstract Some linkages between kernel and penalty methods of density estimation are explored. It is recalled that classical Gaussian kernel density estimation can be viewed as the solution of the heat equation with initial condition given by data. We then observe that there is a direct...

Aluminium chips were re-melted under the molten bath in a gas fired reverberatory furnace and superior quality recycled AA6061-T6 alloy was synthesized. The chips were added 5 to 20% by weight in the recycled alloy. The furnace charge included clean scrap of the same alloy (AA6061) along with...

This article describes how the actualization of clean-burning, efficient cook stoves had been achieved. However, the research on energy generating cook-stoves is far from resolved. The construction of the energy generating cook-stove depends mainly on the heat sink and thermoelectric converter....

Purpose – The purpose of this paper is to consider competition’s issues between European market firms, such as Euronext, and multilateral trading facilities, following Markets in Financial Instruments Directive’s enforcement. This new domestic competition is adding to the existing...