In this paper, we study the finite-time ruin probability in the risk model driven by a L´evy subordinator, by incorporating the popular Fourier-cosine method. Our interest is to propose a general approximation for any specified precision provided that the characteristic function of the L´evy...

This paper investigates the strategic interaction of information acquisition, information-based dynamic trading, and noise trading patterns, as well as its significant implications on market equilibrium outcomes. We consider a market where the strategic trader can dynamically acquire costly...

In this study, using the multinomial logit model, we investigate what factors influence farmers. choices between the alternatives of agricultural work, nonagricultural work, temporary migration, and permanent migration.We find that improving education can help local areas retain their surplus...

This paper applies Within3SLS to estimate simultaneous equations for panel data of Japanese manufacturing firms to investigate the relationship between investment and fund raising. A negative interrelationship between current leverage and investment is detected.

This paper investigates the impacts of robot stocks on labor productivity and that of employment rate on labor markets in the three largest economies from 2006 to 2019. The verification results show that the robot stocks have significant influence on the labor productivity among all of the three...