The significant excess of the price of risk, research question in the version paper, [S. Chule, in Applied Mathematical Finance, submitted June 2016], is space-domain form re-evaluated into the stochastic problem objective of the premium risk. The adapts of the conventional generic replication...

The purpose of this study is to compare the trend and volatility behaviour in Sukuk and conventional bonds of the Pakistan market. This study takes data from Wapda Sukuk and Pakistan 5 Investment Bonds (PIB) both of ten (10) years of maturity were incorporated as a sample. Daily price data were...

There is a strong belief formed in scholarly and policy circles that contemporary capitalism is the source of many economic, social and political problems that plague the world today. This system is blamed for large inequalities between the rich and the poor, unrestrained profit-seeking without...

This paper builds upon the following critique of Islamic economics: (a) Persistence on the literal interpretation of what the theology of Islamic law implies socioeconomically, (b) Rejection subsequently of the core western economic principle of homo economicus-cum-competition, though homo...

This paper studies the sociological influence of religion on the risk and return in the financial markets with particular context of Islamic finance. The paper builds a theoretical model to show how intermediaries serve their customers' religious needs by creating innovative Islamic financial...

Im vorliegenden Beitrag wird von einem ökonomischen Standpunkt aus theoretischer Sicht untersucht, ob durch eine Lockerung des Kündigungsschutzes in Zeiten hoher Arbeitslosigkeit die Beschäftigung gesteigert werden kann, wenn die Antizipation eines hohen Kündigungsschutzes durch die...

This paper explores the conditions under which compliance with a social contract establishes an equilibrium in a society. It is assumed that society consists of two groups, one of which has a comparative advantage in using violence, whereas the other one has a comparative advantage in producing...

This paper develops a theoretical analysis of training regimes as outcomes of a complementarity between organizational and institutional factors that determine firms' and workers' incentives as regards skills. Specifically, the paper proposes that, on the one hand, knowledge embeddedness within...

I study the integration of regions in the form of a merger of populations, which I interpret as a revision of people's social space and their comparison set; I illustrate the way in which a merger can aggravate social distress; and I consider policy responses. Specifically, I view the merger of...