This white paper definitively proves that no Formulaic Asset Allocation (FAA) approach (Lifecycle, Target Date, Target Risk, Balanced Funds, Managed Accounts and Monte Carlo Simulation) can provide Plan Participants with nearly enough money for retirement income security, and that FAA exposes...

Drawing upon the science of complexity we propose a network-centric, complex-systems internationalization (NCCSI) perspective of firm internationalization that can help us understand observed patterns of internationalization that are difficult to explain using traditional theories. While...

This article reviews Avi-Yonah, Sartori, and Marian's Global Perspectives on Income Taxation Law (Oxford, 2011). It outlines the book's key features and strengths in the quest for understanding the effect of globalization on taxation. In this process, the article also looks into available data...

The objective of this study is to give brief overview about impact of demonetization on Indian economy with respect to real estate business. In this paper we will discussed both positive impact and negative impact on this sector. It will eliminate the black money and bulk cash transaction...

In sum, in these essays I explore the self-similarity between levels, the fractal structure of reality, through an investigation of an inherent and unavoidable uncertainty which is unique to each level. These essays will demonstrate that as each level struggles to resolve its own inherent...

Current article examines the influence of US Fed on major international publications and their perception of US Economy. For this purpose, the article analyses all US Fed press releases issued from 2003 to 2008 and media articles on US economy in the same time frame. The research finds that the...

This chapter summarizes leading critiques of law and economics. For the most part, we put aside objections to particular applications of law and economics to distinct fields of law. We focus on rather general criticisms that properly apply to widely shared core commitments within the field of...

The interpretive critique is primarily focused on economics as a system for understanding markets as a dynamic process of human interactions and exchange. It does not equate economics with the market but instead understands economics as one of several ways of interpreting the market. The...

“It is a truth universally acknowledged, that a single man in possession of a good fortune, must be in want of a wife.” ― Jane Austen. Jane Austen’s beloved novel Pride and Prejudice opens with the news that Mr. Bingley, “a young man of large fortune from the north of England,” has...

We argue that provision of computer security in a networked environment is an externality and subject to market failures. However, regulatory regimes or a pricing schemes can causes parties to internalize the externalities and provide more security. The current mechanisms for dealing with...