A prominent feature of wage contracting in the United States is the "bunched" timing pattern that is often associated with the process of pattern bargaining. The model describes the bunching of wage contracts as the equilibrium outcome of decentralized decisions in an economy composed of both...

This article attempts a formal study of technical analysis, which is a class of informal prediction rules, often preferred to Wiener-Kolmogorov prediction theory by participants of financial markets. Yet Wiener-Kolmogorov prediction theory provides optimal linear forecasts. This article...

Intro -- Contents -- I. Introduction -- II. Market Practice -- III. Modeling a CCL -- IV. Replicating Portfolio -- V. Pricing -- A. Method 1 -- B. Method 2 -- VI. Hedging Issues -- VII. Concluding Remarks -- References.