A General Approach to Intertemporal and Interspatial Productivity Comparisons

Article Abstract:

A general growth accounting equation is developed to analyze the source of intertemporal or interspatial differences in outputs and costs. The desired degree of accuracy depends on information availability. Estimation is combined with index numbers to facilitate more accurate productivity comparisons.

Mathematical analysis

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On the suboptimality of single-factor exercise strategies for Bermudan swaptions

Article Abstract:

A comparative analysis of two papers which discuss the efficacy of employing single-factor term structure models for exercise strategies of Bermudan swaptions is presented. Model calibration, least square Monte Carlo, etc. connected with Bermudan swaptions are discussed.

United Kingdom, Analysis, Calibration

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A general class of adaptive strategies

Article Abstract:

Research analysing adaptive strategies in repeated game plays is presented. Particular attention is given to the techniques of regret-matching and and of smooth fictitious play. Current studies in the filed are applied and examined.

Methods, Economic aspects, Gambling, Games

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