The purpose of this paper is to examine the usefulness of using a net discount rate (NDR) based on historical data to estimate the present value of the cost of future medical care goods and/or services. Such goods and services often comprise the largest part of the typical life-care plan....

The 2014 GM ignition switch recall highlighted the inadequacies of the company's safety culture and the shortcomings of regulatory sanctions. The company's inattention to systematic thinking about product safety can be traced to the hostile treatment of corporate risk analyses by the courts....

In this paper we study the zero frequency spectral properties of fractionally cointegrated long memory processes and introduce a new frequency domain principal components estimator of the cointegration space and the factor loading matrix for the long memory factors. We find that for fractionally...