We present a model of the bid and ask quotes in the equity option market when option payoffs are asymmetrically distributed due to the limited liability of the option. We then provide empirical evidence for the actively-traded Chicago Board of Options Exchange stock options, which is consistent...

The need for acquiring the current-year traffic data is a problem for transport planners since such data may not be available for on-going transport studies. A method is proposed in this paper to predict hourly traffic flows up to and into the near future, using historical data collected from...

In view of the serious traffic congestion during peak hours in most metropolitan areas around the world and recent improvement of information technology, there is a growing aspiration to alleviate road congestion by applications of electronic information and communication technology. Providing...

We summarises the main factors that differentiate impacts of the EU ETS on profitability and market share. By examining sampling a range of sectors, we present some simple metrics and indicators to help judge the nature of potential impacts. We also consider briefly the mitigation response to...