Self-serving altruistic domestic consumption arises when foreign consumption contributes to the domestic utility of consumption. This is particularly the case when consumption saturated economies with excess capacities vie to increase their employment and expand their foreign trade to maintain...

This paper is intended as a pedagogical note to explain CDO and structured financial credit products modeling and some approaches to their pricing. The authors thank the NYU-Polytechnic Institute for the research support through the department of Finance and Risk Engineering and the Topfer Chair

The purpose of this paper is to introduce and construct a state dependent counting and persistent random walk. Persistence is imbedded in a Markov chain for predicting insured claims based on their current and past period claim. We calculate for such a process, the probability generating...

No abstract received.

We consider a manufacturer's dual distributions channels consisting on the one hand of a virtual (online) channel operated directly by a manufacturer and on the other hand of a real (offline) channel operated by an intermediate retailer. Customers are assumed heterogeneous in their virtual...

This paper considers a vehicle dispatching problem with competition. For Poisson arrival processes, three dispatching policies are considered, (i) a C-policy, consisting in sending a vehicle as soon as it is filled to capacity C, (ii) a T-policy, assuming an infinite capacity and consisting in...