We analyze the potential of reinsurance for reversing current trend decreasing capital guarantees in life insurance products. Providing an insurer with opportunity to shift part financial risk a reinsurer, we solve insurer's dynamic investment-reinsurance optimization problem under simultaneous Value-at-Risk and no-short-selling constraints. introduce concept guarantee-equivalent utility gain u...

40] A.J. Wilkie. Model completeness results for expansions of the ordered eld of real numbers by restricted Pfaaan functions and the exponential function. for discussions and comments, anonymous referees for suggesting numerous improvements, and Mihalis Yannakakis for his suggestions that helped improve the presentation.

sustained is by omitting any reference to the sensation novels thronged with palpably nervous middle-class bodies which gave rise during the 1860s to a fury of indignation. "The reader's nerves are affected like the hero's", Margaret Oliphant stridently complained in a review of the most famous of them all, Wilkie Collins's The woman in white (1860). Such omissions make Nerves and narratives, a...

e are pleased to have an cognizing the Silver Anni romarketing (JMM) and to amental role within schol ments here are based on an ast nine years, in which we nature and extent of mar ed a great deal while doin lesson involves the appr romarketing perspective fo g scholarship. s macromarketers well know by all sectors of marketing a we explore eight distinct issu n in Table 1, these eight po utur...

The paper provides a comprehensive study of legal guarantees financial security in relation to the provision assistance for recovery and reconstruction Ukraine. Ways holding Russian Federation accountable an international illegal act (military aggression against Ukraine) options implementation future "Marshall Plan" Ukraine were analyzed, mechanism aid program after war was worked out conceptua...

We provide an extended dynamic general equilibrium model for investigating decision neutrality of tax systems and apply it in analyzing recent tax reform proposals. The Swiss ACE Dual Income Tax (SADIT) and the German Dual Income Tax (GDIT) come under scrutiny. We propose an alternative tax reform which guarantees a higher degree of neutrality without necessarily jeopardizing political feasibil...

Raziel combines secure multi-party computation and proof-carrying code to provide privacy, correctness and verifiability guarantees for smart contracts on blockchains. Effectively solving DAO and Gyges attacks, this paper describes an implementation and presents examples to demonstrate its practical viability (e.g., private and verifiable crowdfundings and investment funds, double auctions for ...

A growing interest in the industrial sector for autonomous ground vehicles has prompted significant investment in fleet management systems. Such systems need to accommodate on-line externally imposed temporal and spatial requirements, and to adhere to them even in the presence of contingencies. Moreover, a fleet management system should ensure correctness, i.e., refuse to commit to requirements...

I consider the saving and investment decisions of American and Italian consumers in a lifecycle model with temptation preferences. Comparing the choices with and without Social Security protection, I show that savings are postponed, less wealth is accumulated, and the portfolio share held in equities at retirement is larger with Social Security. Social Security distorts the decisions of agents ...