We study a decentralized admission control problem with capacity borrowing. In this problem, the admission decision is made by each server who is assigned dedicated capacity. However, a server can borrow capacity from other servers if his dedicated capacity is exhausted. The borrower compensates...

Under the assumption of no arbitrage opportunity, the price of stock index futures should be equal to the spot price of the underlying stock index, excluding capital costs, dividends, and trading costs. However, since stock index futures have been introduced to the Chinese market in 2010, their...