Statistical Theories and Methods with Applications to Economics and Business highlights recent advances in statistical theory and methods that benefit econometric practice. It deals with exploratory data analysis, a prerequisite to statistical modelling and part of data mining. It provides...

This paper presents a computationally efficient technique for the computation of exposure distributions at any future time under the risk-neutral and some observed real-world probability measures, needed for computation of credit valuation adjustment (CVA) and potential future exposure (PFE). In...

Three computational techniques for approximation of counterparty exposure for financial derivatives are presented. The exposure can be used to quantify so-called Credit Valuation Adjustment (CVA) and Potential Future Exposure (PFE), which are of utmost importance for modern risk management in...

Territory is a geographical concept; however, it also contains political denotation. Territory is considered as an integral part of sovereignty: a sovereign state must possess a geographical area on which the sovereign establishes its authority and exercises its power. However, has this close...

With the rapid growth of the sharing economy, on-demand staffing platforms have emerged to help companies manage their temporary workforce. In this paper, we study how to maximize and distribute the benefits of an on-demand workforce in this new business context. We consider an on-demand...

This paper studies the impact of mergers between on-demand service platforms on consumer surplus and labor welfare. We analyze a game-theoretical model in which customers choose between platforms based on prices and expected waiting times, and agents base decisions about which platform to work...

As a special commodity, gold possesses multiple features: as commodity, currency and hedging instrument. Its currency and hedging features are well manifested during the first stage of this financial crisis since 2007. However, the hedging feature of gold was hardly discussed before. The above...

What would the world have been if nuclear weapons have never been developed? Asked by Kenneth Waltz, this question leads us to think about the usage of counterfactuals in IR. Though we use a lot of counterfactuals in daily conversation, the method of counterfactual analysis did not get much...