In this paper we analyze the negotiation strategy of the European Union regarding the formation of an international climate agreement for the post-2012 era. We use game theoretical stability concepts to explore incentives for key players in the climate policy game to join future climate...

The Heston-Rouwenhorst (HR) estimates of country and industry factors have been criticised for assuming that each stock has unit exposures to its own country and industry factor. We address this issue analytically and empirically. Our position is that HR are not modeling and estimating a return...

Using a carefully screened and ltered international data base with a wide coverage across countries and size classes, this paper identies and documents a post-1980s size effect which is persistent, not picked up by a Fama-French-style SMB, and largely due to the smallest-decile stocks. We test...

Organische stof en klei worden algemeen als belangrijke voorspellers beschouwd bij het bepalen van de achtergrondwaarden van zware metalen in bodems en sedimenten. In deze studie werden de relaties tussen zware metalen (As, Cr, Cd, Cu, Pb, Hg, Mn, Ni, Se, Sn, Zn) en de...

Improving energy performance of buildings has become a key goal in managing energy demand. In this context, Europe produced the Energy Performance of Buildings Directive (EPBD). Flanders (Belgium) converted this directive into the ‘Energy Performance and Interior Climate’ (EPB). Taking into...

The literature suggests that Russia and Ukraine may become large sellers of greenhouse gas emissions permits under the Kyoto Protocol and might exploit their market power to maximize trading profits. The EU countries taken together will probably be net buyers of permits. For any given global...

The assembly of components is a key element in manufacturing facilities. Nevertheless, literature analysing them remains scarce. The paper narrows this gap by studying a generic first-come first-serve assembly system, consisting of two generally-distributed component input streams. The field of...

Let fX;Xi; i = 1; 2; :::g denote independent positive random variables having a common distribution function F(x) and, independent of X, let N denote an integer valued random variable. Using S(0) = 0 and S(n) = S(n ?? 1) + Xn, the random sum S(N) has distribution function G(x) = 1Xi=0 P(N =...