Purpose: Low-carbon economy requires the pursuit of eco-efficiency, which is a win-win situation between economic and environmental efficiency. In this paper the question of trading off the economic and environmental effects embodied in eco-efficiency in the hybrid manufacturing/remanufacturing...

Three computational techniques for approximation of counterparty exposure for financial derivatives are presented. The exposure can be used to quantify so-called Credit Valuation Adjustment (CVA) and Potential Future Exposure (PFE), which are of utmost importance for modern risk management in...

Territory is a geographical concept; however, it also contains political denotation. Territory is considered as an integral part of sovereignty: a sovereign state must possess a geographical area on which the sovereign establishes its authority and exercises its power. However, has this close...

This paper studies the impact of mergers between on-demand service platforms on consumer surplus and labor welfare. We analyze a game-theoretical model in which customers choose between platforms based on prices and expected waiting times, and agents base decisions about which platform to work...