The actuarial profession is increasingly teaming up with financial economists for a fruitful cooperation on the proper valuation of life insurance and pension (L&P) liabilities. This has been a natural consequence of a recent sharply increased focus on market values in financial reports of L&P...

This article looks at the role of market complementarities in developing new carbon markets. I argue that markets are composed of social as well as economic networks. The reliance of these networks on social connectivity and proximity makes the development of new markets particularly suited to...