The Benefit Function Approach to Modeling Price-Dependent Demand Systems: An Application of Duality Theory

In this article, we advocate more extensive use of the benefit function in specifying price-dependent or inverse demand models. We demonstrate how duality theory may be used to establish the interrelationships between the Marshallian (or Hicksian) inverse demands and Luenberger's adjusted price functions, allowing estimable inverse demands to be derived directly from a benefit function. We estimate two systems of inverse demands for Japanese quarterly fish consumption. Results indicate that the procedures and methods employed here appear promising, and may prove beneficial for quantity and welfare analysis when modeling systems of inverse demand functions.     

城市三维形态与热环境的相关关系研究——以大连市金普新区为例

由城市各种实体空间结构所构成的三维形态是城市形态的重要组成部分。而城市的空间结构与城市空间环境的热场分布也有着密不可分的关系。本文运用地理信息系统与遥感技术,获取三维形态指标与地表温度,对各因子进行回归分析,建立城市空间形态热场分布研究的回归模型。分析了金普新区空间实体的占空度、错落度、建筑密度等空间形态对城市亮度温度的影响,发现占空度与城市亮温成正相关并且相关性较高,绿化率与亮温成负相关,而建筑密度与错落度对城市热场的影响较小。     

约束稀疏脉冲反演在GX气田开发中的应用研究

GX气田北部地区构造、断层特征较为复杂,地质建模较困难,而约束稀疏脉冲反演是一种基于地震道的反演方法,它是在波阻趋势的约束下,用最少的反射系数脉冲达到合成记录与地震道的最佳匹配。该方法对初始模型依赖性较小,中高频部分不受初始模型的影响,其反演结果能忠于实际地震资料,分辨率与地震资料接近,保真度高。以GX气田为例,通过约束稀疏脉冲反演技术对GX气田开展储层预测,其反演结果与实测井曲线吻合较好,能客观反映地质体在横向上的变化特征,该方法适用于储层横向变化快和非均质性较强的少井区块。     

Asymptotic results for the risk process based on marked point processes

Abstract

In this paper asymptotic properties for the risk process will be studied when the number of risk units tends to infinity. The paper extends asymptotic properties for the classical risk process to more general processes. In the classical risk process the claim amounts are assumed independent and identically distributed, and the claim number process is a homogeneous Poisson process.

The key tool is point process theory with associated martingale theory. The results are illustrated by examples.     

Insurance Considering a New Stochastic Model for the Discount Factor

In many empirical situations (e.g.: Libor), the rate of interest will remain fixed at a certain level (random instantaneous rate i i ) for a random period of time ( t i ) until a new random rate should be considered, i i + 1 , that will remain for t i + 1 , waiting time until the next change in the rate of interest. Three models were developed using the approach cited above for random rate of interest and random waiting times between changes in the rate of interest. Using easy integral transforms (Laplace & Fourier) we will be able to calculate the moments of the probability function of the discount factor, V ( t ), and even its c.d.f. The approach will also be extended to the calculation of the expected value (net premium) and variance of a term insurance and we will get its c.d.f., something not very common in actuarial literature due to its complexity, but very useful when the law of large numbers cannot be applied and consequently use normal approximations.     

Bayesian Statistical Computations of Nonlinear Financial Time Series Models: A Survey with Illustrations

A survey of Bayesian statistical computations of quadratureformula, Laplace approximation, and Markov Chain Monte Carlo algorithms ispresentedand their applications to nonlinear financial time series models arediscussed.     

固液转化水溶剂模拟因子选择的探讨

察尔汗盐湖首采矿区固体钾资源的固液转化,模拟以Mg2+为主的水溶剂,并提出在固液转化中遇到问题的处理思路。     

Pay Inversion at Universities: Is it Ethical?

This paper examines an important issue facing academia-pay inversion. It discusses how inversion is accompanied by ethical issues including secrecy, moral dilemmas for faculty, honesty, and keeping promises. It then examines this issue from five ethical viewpoints: a legalistic perspective, ethical egoism, utilitarianism, distributive justice, and Kants deontological approach. As part of the discussion, the effect of the moral philosophy on the universitys corporate culture is examined, with attention given to morale and productivity. Finally, alternatives to pay inversion that universities may want to consider are discussed.     

双指数跳跃扩散模型下的二元数字期权定价

双指数跳跃扩散模型下的二元数字期权(digital option)定价问题,应考虑上向二元数字期权和下向二元数字期权,给出了这些期权的价格的拉普拉斯变换(laplace transform)。这些期权价格的拉普拉斯变换表达式的获得得益于使用有关双指数跳跃扩散过程的首达时问题的研究结果。