The importing-and-exporting goods normally requires organizational cooperation among different international sectors ranging from purchasing, manufacturing, transporting, inventory, to distribution centers. For having their smooth coordination in the international trade, accurately forecasting the volume of imported-exported goods has become the core issue. This paper aims to obtain efficient f...

Counterfeiting causes hundreds of billions dollars of losses around the world every year. Due to the growing prominence of online commerce, the seriousness of the situation could soon become much worse. Hence, reaching a clear understanding of the fundamental economic incentives behind this practice is of vital importance. In this paper, we investigate a problem within which a firm selling a co...

Simple additive weighting is a well-known method for scoring and ranking alternative options based on multiple attributes. However the pitfalls associated with this approach are not widely appreciated. For example, the apparently innocuous step of normalizing the various attribute data in order to obtain comparable figures leads to markedly different rankings depending on which normalization is...

Videogames now enable players to spend virtual fortunes on exotic virtual goods and even create and sell virtual artefacts. Online consumers may also browse endlessly through virtual marketplaces and create and display virtual goods. These virtual commodities are desired and enjoyed as if they were real, but are not actually bought, or owned in a material sense – often resulting in frustration ...

In this study, we explore whether more complex economies are better shielded against exogenous shocks. We contribute to the literature on determinants of output volatility with a relatively new index productive capabilities export goods, Economic Complexity Index (ECI), developed by Hausmann et al. [Hausmann, R., C. A. Hidalgo, S. Bustos, M. Coscia, Simoes, and Yildirim. 2014. The Atlas Complex...

This article has considered the volume and direction of Iran’s trade using the gravity model. The major issue in this analysis is to explore why Iran over or under-traded with the 76 countries relative to the predicted trade flows of the model. The study attempts to explore the reasons from the respect of both the model itself and Iran’s trade structure. This is done by analysing the performanc...

We introduce a new interpretation of two re­ lated notions conditional utility and utility independence. Unlike the traditional inter­ pretation, the new interpretation render the notions the direct analogues of their prob­ abilistic counterparts. To capture these no­ tions formally, we appeal to the notion of util­ ity distribution, introduced in previous paper. We show that utility distributi...

We propose the group knockoff filter, a method for false discovery rate control in a linear regression setting where the features are grouped, and we would like to select a set of relevant groups which have a nonzero effect on the response. By considering the set of true and false discoveries at the group level, this method gains power relative to sparse regression methods. We also apply our me...

In this paper we consider the classical problem of dividing a land among many agents so that everybody is satisfied with the parcel she receives. In the literature, it is usually assumed that all the agents are endowed with cardinally comparable, additive, and monotone utility functions. In many economic and political situations violations of these assumptions may arise. We show how a family of...