Results 181 to 190 of about 166,384,605 (228)

The Decentralization of Liquor Policies in Texas During the Post‐Prohibition Era

open access: yesInternational Economic Review, EarlyView.
ABSTRACT We examine the decentralization of liquor policies in Texas during the Post‐Prohibition era using newly collected historical legislative roll call data. By combining these data with local referendum vote shares, we analyze both legislators' and constituents' preferences on liquor policy.
Andrew Arnold, Holger Sieg
wiley   +1 more source

Cross‐Prudence and Optimal Prevention

open access: yesInternational Economic Review, EarlyView.
ABSTRACT In this paper, we study optimal prevention in the presence of a correlated nonfinancial background risk. Under positive correlation, cross‐prudence in the nonfinancial attribute reduces optimal prevention. We establish this result in the most direct extension of the standard prevention problem with binary marginal distributions and show that ...
Jingyuan Li, Richard Peter, Lin Zhou
wiley   +1 more source

On Spatial Point Processes With Composition‐Valued Marks

open access: yesInternational Statistical Review, EarlyView.
Summary Methods for marked spatial point processes with scalar marks have seen extensive development in recent years. While the impressive progress in data collection and storage capacities has yielded an immense increase in spatial point process data with highly challenging non‐scalar marks, methods for their analysis are not equally well developed ...
Matthias Eckardt   +2 more
wiley   +1 more source

Goodness‐of‐Fit Tests for Positive Quadrant Dependence

open access: yesInternational Statistical Review, EarlyView.
Summary When two random variables are positive quadrant dependent (PQD), they are more likely to assume small (or large) values simultaneously compared with when the random variables are independent. This dependence structure is of interest in many areas, including finance, actuarial science and engineering.
Chuan‐Fa Tang, Joshua M. Tebbs
wiley   +1 more source

An approach to minimize inventory risk due to weather using buyback contract with weather rebate

open access: yesInternational Transactions in Operational Research, EarlyView.
Abstract This paper addresses the inventory risk owing to weather fluctuations faced by retail companies and designs a new class of contract incorporating financial risk hedging. The designed contract not only coordinates the supply chain as the buyback contract does but also improves the supply chain profit by considering the inventory risk due to ...
Piyal Sarkar   +2 more
wiley   +1 more source

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