We present estimates of the term structure of inflation expectations, derived from an affine model of real and nominal yield curves. The model features stochastic covariation of inflation with the real pricing kernel, enabling us to extract a time-varying inflation risk premium. We fit the model...

Cooperative games with a permission structure are useful tools for analyzing the impact of hierarchical structures on allocation problems in Economics and Operations Research. In this paper, we propose a generalization of the local disjunctive and the local conjunctive permission approaches...