Purpose – The purpose of this chapter is to introduce new methods to behavioral research on group negotiation. Design/methodology/approach – We describe three techniques from the field of Machine Learning and discuss their possible application to modeling dynamic processes in group...

We analyze optimal compensation schedules for the directors of two plants belonging to the same owner and producing the same good but serving geographically differentiated markets. Since the outcome of each director depends on his own effort and on a random variable representing market...

We analyze optimal compensation schedules for the directors of two plants belonging to the same owner and producing the same good but serving geographically differentiated markets. Since the outcome of each director depends on his own effort and on a random variable representing market...

Execution traders know that market impact greatly depends on whether their orders lean with or against the market. We introduce the OEH model, which incorporates this fact when determining the optimal trading horizon for an order, an input required by many sophisticated execution strategies....

Economists regularly consider moral hazard when they analyze topics like insurance contracts, labor compensation, and financial regulation. The primer provided here describes moral hazard, its implications, and how to model it. The modeling strategy is to allow randomization in the contractual...

In this study, we introduce an explicit trading-volume process into the Almgren--Chriss model, which is a standard model for optimal execution. We propose a penalization method for deriving a verification theorem for an adaptive optimization problem. We also discuss the optimality of the...