Forest cover is an important input variable for assessing changes to carbon stocks, climate and hydrological systems, biodiversity richness, and other sustainability science disciplines. Despite incremental improvements in our ability to quantify rates of forest clearing, there is still no definitive understanding on global trends. Without timely and accurate forest monitoring methods, policy r...

We provide a model for a futures clearinghouse to use for setting optimal levels of clearing margin, capital and price limits, which minimizes the costs to clearing firms and simultaneously protects the clearinghouse from default by clearing firms. We show how to estimate the capital requirement, which supports the clearinghouse s residual default risk that is not covered by the clearing margin...

T h i s paper p r e s e n t s an o v e r v i e w o f a r e s e a r c h programme on machine l e a r n i n g w h i c h i s based on t h e f u n d a m e n t a l p r o c e s s o f c a t e g o r i z a t i o n . A s t r u c t u r e o f a compute r model d e s i g n e d to ach ieve c a t e g o r i z a t i o n i s o u t l i n e d and t h e knowledge r e p r e s e n t a t i o n a l f o rms and d e v e ...

We present a new clearing policy suitable for combinatorial exchanges with multiple autonomous bidders and sellers. We compare the revenue generated using this clearing policy with the revenue generated using periodic clearing.

*The views expressed here are those of the author and do not necessarily represent the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System. he bankruptcy of Lehman Brothers in 2008 will certainly be featured in history books as one of the greatest financial failures so far, but it will also be recorded as yet another episode of the historically successful performance...