We propose a unified syntactic-semantic account of passive sentences and sentences with an unspecified object (John read). For both constructions, we employ option types for introducing implicit arguments into the syntactic-semantic categorial mechanism. We show the advantages of this approach over previous proposals in the domains of scope and unaccusatives. Unlike pure syntactic treatments, o...

We propose implied spreads (IS) and normalized (NIS) as simple measures to characterize option prices. IS is the credit spread of an option’s bond, portfolio long a risk-free bond short put option. NIS normalizes by risk-neutral default probability reflects tail risk. are countercyclical predict returns, while neither, like volatility, predicts returns. These opposite predictability results con...

Using a national survey data where the event of individual households being refused loans (credit rationed) by financial institutions -as well as the specific loans for which they were turned down -is observed directly, this study investigates both the role of relationships on credit rationing in the nineties and the differential role of relationships across credit rationing in various consumer...

Consumer credit scoring is often considered a classification task where clients receive either a good or a bad credit status. Default probabilities provide more detailed information about the creditworthiness of consumers, and they are usually estimated by logistic regression. Here, we present a general framework for estimating individual consumer credit risks by use of machine learning methods...

this paper is a translation of a chapter of the hook written by jonathan e. ingersoll jr. the farsi translation will he of great help to iranian students studying option pricing models.

INTRODUCTION The WestJEM Blog and Podcast Watch presents high quality open-access educational blogs and podcasts in emergency medicine (EM) based on the ongoing ALiEM Approved Instructional Resources (AIR) and AIR-Professional series. Both series critically appraise resources using an objective scoring rubric. This installment of the Blog and Podcast Watch highlights the topic of neurologic eme...

Customer satisfaction and participation in utility supply packages is the first and foremost factor in the success of any supplying agency whether wholesale or retail dealer. The paper presents the concept of major prospects of nonautonomous micro-grids installed in a certain locality. The article shows the basic background that is required for the installment of micro grid in a particular area...

The paper extends our previous analysis of market incompleteness to the case where there exist both a forward and real time market. The discussion is conducted with reference to a two-stage framework commonly used in stochastic programming and finance, but also familiar to the power industry. The paper considers two market designs. The first organization assumes that physical transmission servi...