This article provides data-driven analyses of Lithuanian foreign trade activities. We combine Herfindahl-Hirschman Index (HHI) and Lauraéus-Kaivo-oja Index (LKI) measures to identify key changes and trends in export and import structures of the Lithuanian economy. The findings suggest that the...

As in the case with perfect foresight, under conditions of uncertainty investors respond to changes in the assets' relative returns. An increase in the expected return of one asset here typically (if both assets are not perfectly correlated) induces a shift, but not a plunge toward that asset....

Fragmented risk is a theme that runs throughout many of the issues and controversies in insurance law, but one that has received insufficient attention. Insurance reflects a tension between bundling and fragmenting risk. One of the great virtues of many modern insurance policies is that they...