In the search for a unifying theory in the field of multicriteria decision making, we establish a relationship in the discrete case between two of the most extended multicriteria decision making approaches, namely the Analytic Hierarchy Process (AHP) and the Compromise Programming (CP) Models....

This work extends the AHP-Bayesian Prioritization procedure proposed by the authors for a local context (a single criterion) to a global context (a hierarchy) and presents a taxonomy of criteria that contribute to the ranking of the alternatives. In this global context, the paper defines and...

After the so-called Asia crisis in the summer of 1997 the stock markets were shaken by an increased volatility transmission phenomenon around the world. In this paper we will therefore analyse the daily stock returns in New York, Germany and Japan for a period of 2 years (June 21st, 1996 to June...

In this article a VAR-GARCH-M model for aggregate employment and employment shares is developed in order to explore the macroeconomic effects of sectoral shocks. Using US, UK and German quarterly data sets, the model is estimated and tested against alternative specifications. Three main issues...