Risk related to long-term care (LTC) is high for the elderly. Planning for LTC is now regarded as the [`]third leg' of retirement planning. In this paper, planning for LTC is integrated with saving and investment decisions for an integrated approach to retirement planning. Optimal LTC insurance...

The Internet today mostly offers a simple best-effort mode of service. The capabilities of the Internet will be significantly enhanced if it supports better QoS modes, especially when QoS is provided for end-to-end services. This enhancement requires both technological development and economic...

The Internet today offers primarily a best-effort service. Research and technology development efforts are currently underway to allow the provisioning of better than best-effort quality of service assurances. In this article, we develop a spot pricing framework for expected bandwidth guaranteed...

The paper develops a network-based framework to assess the impact of a firm's financial interconnections and interdependencies on it optimal hedging and risk transfer strategy. This is important consideration as risk concentrations and propagation embedded in risk transfers pose as a significant...