This paper presents a new primal-dual algorithm for solving a class of monotropic programming problems. This class involves many problems arising in a number of important applications in telecommunications networks, transportation and water distribution. The proposed algorithm is inspired by...

This study investigates the short term inflation hedging characteristics of U.K. real estate compared to other U.K. investments.

In this paper, we discuss one of the reasons leading practitionners to the rejection of the Markowitz model and propose a new stastistical method to avoid this problem. To be more precise, we discuss the problem of statistical robustness of the Markowitz optimizer and show that the latter is not...

The deterring role of the medium of payment in a takeover contest is analyzed from the point of view of the bidder. Cash, debt and equity are considered as alternative mediums of payment, and the bidder equilibrium strategies are specified following the Perfect Bayesian Equilibrium requirements...

This paper proposes an alternative approach to access the usefulness of betas and applies it to a representative sample of the Swiss stock market. The approach is based on a more pragmatic analysis of the implications of using realised, rather than expected returns and on the fact that the...

To solve an easy-to-understand real world problem, we invite the reader to travel through many useful concepts related to the important models provided by the compound normal distributions

This paper considers whether stocks, bonds, real estate and securitized real estate in both the US and the UK provide protection against inflation, that is, whether they deliver positive real returns over a given holding period.

Cet article a pour but principal de discuter les caracteristiques du benchmarking immobilier et ses conditions d'application.

This article examines the relative influence of socio-economic variables versus attitudes as regards to consumer behavior towards book reading as a leisure activity. Previous studies on leisure consider the amount of discretionary time available to the individual as a decisive factor. This study...

In this paper, cluser analytic techniques are used to examine dimentions of diversification in UK commercial real estate markets.