Recent research on contingent claims valuation has assumed increasingly general models of the behavior of cash securities. Relatively few attempts have been made to implement and evaluate such models empirically, however. In this paper we apply a multi-factor, continuous time pricing model to...

West European security Implications of five alternative defense scenarios arc assessed for the period 1985 to 2000. The main characteristics of each of the five scenarios are (1) current nuclear and conventional posture trends, (2) a submarine based, West European strategic nuclear force, no...

After a brief discussion of the motivations and criteria for making energy plans based on renewable sources, a number of renewable energy plans is reviewed. The way in which such plans are constructed is investigated and a critical appraisal of each plan is attempted. Finally, some remarks are...