Applied Probability and Stochastic Processes is an edited work written in honor of Julien Keilson. This volume has attracted a host of scholars in applied probability, who have made major contributions to the field, and have written survey and state-of-the-art papers on a variety of applied...

We consider a credit risk model with two industrial sectors, where defaults of corporations would be influenced by two factors. The first factor represents the macro economic condition which would affect the default intensities of the two industrial sectors differently. The second factor...

Photovoltaic (PV) has the highest cost reduction potential among all renewable energy sources (RES). To overcome institutional barriers, developing the technology, and creating an initial market, policies are needed. Comparative case studies of Japan and German PV sector from 1990 to 2011 were...