Biofuels are prominent in current discussion both as a solution to problems and as a creator of problems. They have promise as a substitute for fossil fuels, particularly for petroleum as the raw material for transportation fuel. But biofuels also have pitfalls, especially when produced at a...

Abstract We study the impact of central clearing of over-the-counter (OTC) transactions on counterparty exposures in a market with OTC transactions across several asset classes with heterogeneous characteristics. The impact of introducing a central counterparty (CCP) on expected interdealer...

Zusammenfassung Der vorliegende Artikel verfolgt die Zielsetzung, im Kontext langfristig global erodierender, komparativer Wettbewerbsvorteile von Entwicklungsländer-Destinationen auf theoretisch-konzeptioneller Basis Möglichkeiten zur Institutionalisierung von nachhaltigen...

Abstract Suppose that we observe a population of causally connected units. On each unit at each time-point on a grid we observe a set of other units the unit is potentially connected with, and a unit-specific longitudinal data structure consisting of baseline and time-dependent covariates, a...

Abstract We study the framework for semi-parametric estimation and statistical inference for the sample average treatment-specific mean effects in observational settings where data are collected on a single network of possibly dependent units (e.g., in the presence of interference or spillover)....

Abstract This paper considers duopolists targeting informative messages to consumers who share information locally with their network neighbors. A monopolist targets a parsimonious set of nodes that informs all consumers either directly or by word-of-mouth. A duopolist faces a tradeoff between...