Affine models describe the stylized time-series properties of the term structure of interest rates in a reasonable manner, they generalize relatively easily to higher dimensions, and a vast academic literature exists relating to their implementation. This combination of characteristics makes the...

In the Schumpeterian creative disruption age, the authors firmly believe that an increasing application of electronic technologies in the finances opens a big number of new unlimited opportunities toward a new era of the ultra high frequency electronic trading in the foreign currencies exchange...

The article formulates the information theory of firm, introduces the concept of firm as an operating system, which controls the firm’s operation by the means of the information resources processing, in an analogy with the operating system at a microprocessor in the computing devices,...

In the paper two-person nonzero-sum semi-infinite games with bounded payoffs are studied — both with countable and uncountable infinite strategy space. Under some concavity/convexity assumptions they are shown to possess ε-equilibria (equilibria) in strategies with supports consisting of at...

This survey deals with two-sided matching markets where one set of agents (workers/residents) has to be matched with another set of agents (firms/hospitals). We first give a short overview of a selection of classical results. Then, we review recent contributions to a complex and representative...

Considered here is direct exchange of production allowances or input factors. Motivated by practical modeling and compution, we suppose every owner or user of such items has a linear technology. The issue is whether competitive market equilibrium can be reached merely via iterated bilateral...

The fertile application of cooperative game techniques to cost sharing problems on networks has so far concentrated on the Stand Alone core test of fairness and/or stability, and ignored many combinatorial optimization problems where this core can be empty. I submit there is much room for an...

In this paper, a design of strategies for players in pursuit-evasion games, is provided. The design incorporates players' preferences captured in their goal functions which are constructed using particular functional forms that include multiattribute copulas. The approach provides closed-form...

In this paper we study and compute E-points in an explicit way for a special kind of diagonal games with 3k + 1, 4k + 3 and sk + 1 players where 1 ≤ s ≤ k.