Heath, Jarrow, and Morton (1992) present a general framework for modeling the term structure of interest rates which nests most other models as special cases. In their framework, the dynamics of the term structure and ...

One of the most challenging issues in the recent literature on technological development has been related to the "geography of innovation" or "spatial clustering of innovations". The relationship between innovation and ...

This paper develops a model which explains how the creation of a futures clearinghouse allows traders to reduce default and economize on margin. We contrast the collateral necessary between bilateral partners with that ...

Most claypan soil areas have inadequate groundwater supplies to provide wells for irrigation. Therefore, the establishment of reservoirs for storing rainfall and runoff water, seems to be the most likely source of irrigation ...

The purpose of this research is to determine and examine optimal grain marketing decisions utilizing a stochastic dynamic programming framework. Consideration is given to the linkages, stochastic nature, and dynamics of ...

An integrated pest management model is developed for the northern corn rootworm, Diabrotica longicornis, and the western corn rootworm, Diabrotica virgifera, insect pests of corn. Uncertainty and risk aversion are incorporated ...

Food waste has potential to be recycled and converted to energy and other valuable products. In China, the food waste is partially collected and processed by illegal organizations to produce ‘gutter oil’, which is a serious ...