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第二届PKU-NUS国际定量金融和经济会议(Second PKU-NUS Annual International Conference on Quantitative Finance and Economics)
第二届 PKU-NUS 国际 定量 金融 经济 会议
2017/3/9
This international conference, jointly organized by HSBC Business School and Key Laboratory of Mathematical Economics and Quantitative Finance, both from Peking University, and NUS Risk Management Ins...
Do New Prescription Drugs Pay for Themselves?The Case of Second-Generation Antipsychotics
Prescription Drugs Pay for Themselves Second-Generation Antipsychotics
2015/7/17
During the last several years, spending on prescription drugs in the U.S. increased at a 15% annual rate, with the $178 billion spent in 2002 accounting for more than 11% of health care expenditures i...
CPC/CPA Hybrid Bidding in a Second Price Auction
Online Advertising Auctions Bids and Bidding Measurement and Metrics Quality Mathematical Methods Web Sites
2015/4/21
We develop a model of online advertising in which each advertiser chooses from multiple advertising measurement metrics—paying either for each click on its ads (CPC), or for each purchase that follows...
"Second Best" Congestion Taxes in Transportation Systems
Second Best Congestion Taxes Transportation Systems
2014/11/27
The optimal policy prescription in response to congestion on a traffic network involves taxes levied so as to increase the private costs of vehicle use by the amount of the costs imposed on other user...
The Second Phase of Global Liquidity and Its Impact on Emerging Economies
The Second Phase Global Liquidity Impact Emerging Economies
2014/3/18
The term “global liquidity” is often invoked by emerging market policy makers to denote the global factor that drives cross-border spillovers in financial conditions and credit growth. The term is oft...
The Second Phase of Global Liquidity and Its Impact on Emerging Economies
Global Liquidity Impact Emerging Economies
2014/3/18
The term “global liquidity” is often invoked by emerging market policy makers to denote the
global factor that drives cross-border spillovers in financial conditions and credit growth. The
term i...
Second Order Multiscale Stochastic Volatility Asymptotics: Stochastic Terminal Layer Analysis & Calibration
Second Order Multiscale Stochastic Volatility Asymptotics Stochastic Terminal Layer Analysis Calibration
2012/9/14
Multiscale stochastic volatility models have been developed as an efficient way to capture the principle effects on derivative pricing and portfolio optimization ofrandomly varying volatility. The rec...
Second Order BSDEs with Jumps, Part II: Existence and Applications
Second order backward stochastic differential equation backward stochas-tic differential equation with jumps
2012/9/14
In this paper, we follow the study of second order BSDEs with jumps started in our accompanying paper [17]. We prove existence of these equations bya direct method,thus providing complete wellposednes...
Price and Quantity Trajectories: Second-order Dynamics
disequilibrium economics Walrasian adjustment Marshallian adjustment SMD theorem Helmholtz-Hodge decomposition theorem
2012/4/28
In two previous papers the author developed a second-order price adjustment (t\^atonnement) process. This paper extends the approach to include both quantity and price adjustments. We demonstrate thre...
Second Best Pricing Policies for an Exhaustible Resource
pricing exhaustible resources economics perspective interest rates
2011/10/6
This article proposes a method for pricing exhaustible resources from a second-best economics perspective. In the theory of exhaustible resources, the classical result, originally derived by Harold Ho...
Report on the Condition of the U.S. Banking Industry: Second Quarter, 2006
the financial performance the banking industry the second quarter of 2006 bank holding companies
2011/10/5
The article focuses on the financial performance of the banking industry in the U.S. for the second quarter of 2006. During the period, total assets of reporting bank holding companies grew 2.7 percen...
Report on the Condition of the U.S. Banking Industry: Second Quarter, 2005.
trends the United States credit quality bank holding companies
2011/9/27
The article focuses on trends in the banking industry in the United States during the second quarter of 2005. Trends indicate credit quality improvements, increase in shareholders' equity at reporting...
No-arbitrage of second kind in countable markets with proportional transaction costs
No-arbitrage transaction costs bond market
2010/10/21
Motivated by applications to bond markets, we propose a multivariate framework for discrete time financial markets with proportional transaction costs and a countable infinite number of tradable asse...
A Chemist's Community as a Forerunner in Management Change and Innovation in France during the Second Part of the Twentieth Century? The Case of the Institut de Chimie des Substances Naturelles, a CNRS Laboratory
Forerunner in Management Change Institut Chimie CNRS Laboratory
2010/10/11
Understanding the dynamics of innovation involves local and national levels and different types of analyses. Historical perspectives stress the heterogeneity of innovation processes
across time, sect...
Second Order Risk
Second Order Risk
2010/11/2
Managing a portfolio to a risk model can tilt the portfolio toward weaknesses of the model.
As a result, the optimized portfolio acquires downside exposure to uncertainty in the model itself,what we ...