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PRECON S.A is a manufacturing company dedicated to produce prefabricated concrete parts to several industries as rail transportation and agricultural industries.Recently, PRECON signed a contract with RENFE, the Spanish National Rail Transportation Company to manufacture pre-stressed concrete...
Persistent link: https://www.econbiz.de/10014029115
Algorithms play an increasingly important role in economic situations. Often these situations are strategic, where the artificial intelligence may or may not be cooperative. We study the determinants and forms of algorithmic cooperation in the infinitely repeated prisoner's dilemma. We run a...
Persistent link: https://www.econbiz.de/10014358527
The objective of this paper is to discuss the use of modern frontier efficiency analysis to analyze firm performance in the insurance industry. The objective is to provide the foundations for insurance economists to use in adapting their research to incorporate the frontier efficiency approach....
Persistent link: https://www.econbiz.de/10013066707
This paper incorporates risk-based margin requirements into portfolio liquidation procedures in a novel fashion. The approach is analytic and, as a result, more efficient than conventional numerical liquidation methods. The margin requirement calculation is a self-contained inner optimization...
Persistent link: https://www.econbiz.de/10009746034
We characterize policy interventions directed to minimize the cost to the deposit guarantee scheme and the taxpayers of banks with legacy problems. Non-performing loans (NPLs) with low and risky returns create a debt overhang that induces bank owners to forego profitable lending opportunities....
Persistent link: https://www.econbiz.de/10012864905
We propose a hybrid quantum-classical algorithm, originated from quantum chemistry, to price European and Asian options in the Black-Scholes model. Our approach is based on the equivalence between the pricing partial differential equation and the Schrodinger equation in imaginary time. We devise...
Persistent link: https://www.econbiz.de/10012858153
We characterize policy interventions directed to minimize the cost to the deposit guarantee scheme and the taxpayers of banks with legacy problems. Non-performing loans (NPLs) with low and risky returns create a debt overhang that induces bank owners to forego profitable lending opportunities....
Persistent link: https://www.econbiz.de/10013315059
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Persistent link: https://www.econbiz.de/10009701724
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