Costly delay in negotiations can induce the negotiating parties to be more forthcoming with their information and improve the quality of the collective decision. Imposing a deadline may result in stalling, in which players at some point stop making concessions but switch back to conceding at the...

Regional healthcare performance evaluation system (PES) can help optimize healthcare resources on regional basis and to improve the performance of healthcare services provided. The Tuscany region in Italy is a good example in meeting these requirements. China is yet to build such a system based...

This paper analyzes the effects of speculative taxes on real estate market. The government of Hong Kong has repeatly adopted various anti-speculative measures to curve rapidly rising housing prices in recent years. In Hong Kong, developers typically sell apartment units one year before the...

The paper deals with orthogonal polynomials as a useful technique which can be attracted to actuarial and financial modeling. We use Pearson’s differential equation as a way for orthogonal polynomials construction and solution. The generalized Rodrigues formula is used for this goal. Deriving...

Travel time reliability is considered to be one of the key indicators for the performance of transport systems and is measured in various ways. This paper synthesizes both reliability concepts: traffic breakdown, the indicator of the instability of travel times, is treated as the risk, whereas...

We consider a two-sided, finite-horizon search and matching model with heterogeneous types and complementarity between types. The quality of the pool of potential partners deteriorates as agents who have found mutually agreeable matches exit the market. When search is costless and all agents...