This article applies a two-step conditional Bayesian approach to hedge fund risk. First, a mixture or-two normal distributions is estimated for a core asset; one distribution being identified as linked to a "quiet" regime and the other to a "hectic" regime. The conditional probabilities of each...

The paper addresses the issue of the accuracy of standard-of-living measurements using household survey data. First, it highlights the fact that lighter data collection processes in some developing countries have added to measurement errors in consumption and income aggregates measurement...

L’exceptionnelle performance de l’économie des Etats-Unis durant les années 1990 a conduit les économistes à s’interroger successivement sur le phénomène de la nouvelle économie, la réalité de ses effets favorables et les risques qu’elle engendre. Au cœur de ces trois...

The purpose of this article is to specify the nature of a critical activity in the field of strategy. While post-procedural researches offered alternatives to conventional strategy, they do not really fit to a critical theory of strategic management. Building on a literature review in critical...

The Wang-Landau algorithm aims at sampling from a probability distribution, while penalizing some regions of the state space and favouring others. It is widely used, but its convergence properties are still unknown. We show that for some variations of the algorithm, the Wang-Landau algorithm...

This article presents a historical perspective on empowerment through an exposition of the writings of Ordway Tead (1891-1961) and early-20th-century debates as to the relationship between capitalism and democracy and specifically the balance of power among workers, managers, and owners. The...

Healthcare had long remained free of competition. Public regulatory authorities used to manage financing and strictly monitor the health productive system with country-specific mechanisms. Several factors now broaden competitive mechanisms. These include new paramedical markets, further...