The functionality of Generic Mapping Tools (GMT) to process and visualize geospatial information is crucial to the development of the advanced cartographic method. This paper presents modelling and spatial analysis of the marine geological data using GMT shell scripting. GMT demonstrated...

We provide a detailed importance sampling analysis for variance reduction in stochastic volatility models. The optimal change of measure is obtained using a variety of results from large and moderate deviations: small-time, large-time, small-noise. Specialising the results to the Heston model,...

Spanish Abstract: El artículo presenta el uso de técnicas cartográficas de scripting para la visualización de mapas topográficos y geomorfológicos por R y GMT. Los mapas temáticos pretenden analizar la región del Perú con un enfoque específico en su geomorfología: pendiente, aspecto,...

In the given research we study a leadership formation of the most influential nodes in networks. Specifically, we analyze the competition between a leader and a follower based on the Stackelberg leadership model. Applying the concept of Shapley value to measure node’s importance, we represent...

The development of a mechanistic analytical approach – since mid-19th century to WWI, and beyond – is a well-known story in European economic thought, the story of Cournot, Jevons, Walras, Edgeworth, Pareto, and many others. We could refer to this tradition as “mathematical deductivism”,...

Recently there has been some discussion in the literature concerning the nature of scale properties in the Data Envelopment Model (DEA). It has been argued that DEA may not be able to provide reliable estimates of the optimal scale size. We argue in this paper that DEA is well suited to estimate...

The variable returns to scale data envelopment analysis (DEA) model is developed with a maintained hypothesis of convexity in input-output space. This hypothesis is not consistent with standard microeconomic production theory that posits an S-shape for the production frontier, i.e. for...

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...

In the present paper, we use a new generalization of the Hukuhara di¤erence and derivative for fuzzy-valued functions, and we study several properties of the new concepts in the setting of the LU-parametric representation of fuzzy numbers, as- sessed both from theoretical and computational...