It is commonly believed that Monte Carlo pricing of multi-name credit derivatives under copula factor models is too slow for applications. This paper will demonstrate that a vastly accelerated convergence can be achieved that is not instrument-specific, and so can be applied to all types of...

A new type of recombining derivative pricing tree is presented as an alternative to standard binomial and trinomial trees. This tree, called the quot;Willowquot; tree, expands as the square root of time and therefore avoids the unnecessary computations that are performed in the quot;wingsquot;...

Purpose – The purpose of this paper is to demonstrate the need for an improved understanding of consumer value for online grocery purchases and to propose the notion of “integrated service solution” packages as a strategy for growing and successfully sustaining the channel to guide both...

Purpose – This paper aims to demonstrate the need for an improved understanding of the opportunities offered by privacy online. This is contextualized in the case of supermarket purchases of food in particular, often described as an intimate and personal choice. In the case of grocery...