infonet-economy

There are currently no well-established techniques or tools to build adaptive 3D user interfaces. The aim of this research is to overcome identified shortcomings by providing a model and framework for the semantic enrichment of scene graphs for task based adaptation in 3D user interfaces. The semantic enrichment of scenes can play an extremely important role in enabling the viewers…

Emerging healthcare applications rely on personal mobile devices to monitor patient vital signs and to send it to the hospitals-backend servers for further analysis. However, these personal mobile devices have limited resources that must be used optimally in order to meet the requirements of healthcare applications end-users: healthcare professionals and their patients. This paper…

ERCIM, the European Research Consortium for Informatics and Mathematics, aims to foster collaborative work within the European research community and to increase co-operation with European industry. In the ERCIM eMobility workshop, current progress and future developments in the area of eMobility should be discussed and the existing gap between theory and application closed. This…

Socio-technical developments in computing have resulted in the emergence of innovative mobile systems which exploit the information available on the Internet to optimize the performance of hosted applications and services. One of the challenges in the real-time critical mobile applications such as remote patient monitoring is to ensure optimal power usage. We consider herewith a case…

This paper derives a tax-adjusted discount rate formula with a constant proportion leverage policy, investor taxes, and risky debt. The result depends on an assumption about the treatment of taxlosses in default. We identify the assumption that justiftes the textbook approach of discounting interest tax shields at the cost of debt. We contrast this with an alternative assumption that…

We propose a new modeling framework to study the asset pricing implications of learning under ambiguity aversion. In a continuous time partial information Lucas economy, we characterize analytically equilibrium equity returns and make the following observations. First, learning under ambiguity aversion implies an equilibrium discount for ambiguity, if and only if relative risk…

Structured financial products have gained more and more popularity in recent years, but nevertheless has their success so far not thoroughly been analyzed. In this article we develop a theoretical framework for the design of optimal structured products and analyze the maximal utility gain for an investor that can be achieved by introducing structured products. We demonstrate that…