CAES-workshop "Reindeer 2000", 11-13 August 1999, Tromsø, Norway.

WLP 2000, 15th Workshop on Logic Programming and Constraint Systems, Collocated ECAI 2000 Workshop, Berlin, August 25-27, 2000

Restoration Activities Following the Marmara, Turkey Earthquake of August 17, 1999 (1999-2000)

The primary objective of the research is to provide detailed information on various social aspects of the Marmara earthquake. In particular, the research focuses on activities aimed at restoring basic social functions to the impacted region during the early recovery phase of the disaster. This paper examines three of those functions: (1) housing, (2) education, and (3) health care. The paper co...

Should diesel cars in Europe be discouraged ? 11 August 2000

This paper examines the rationale for the different tax treatment of gasoline and diesel cars currently observed in Europe. First, we analyse possible justifications for a different tax treatment: pure tax revenue considerations, externality considerations and constraints on the tax instruments used for cars and trucks. Next, an applied general equilibrium model is used to assess the welfare ef...

Investment Risks and the Solvency Margin - Proceedings AFIR 2000 - Tromsø, Norway

Many statutory solvency requirements, e.g. the system prescribed by the EU, do not take into account the distribution of the investments. In practice, however, an adequate solvency margin of an insurance company depends strongly on the investment portfolio. This paper describes how the sufficient level of the solvency margin can be estimated. In this, only the margin depending on the company’s ...

Optimal Dynamic Asset Allocation for Defined-Contribution Pension Plans - Proceedings AFIR 2000 - Tromsø, Norway

We develop an optimal asset allocatlon model for the accumulation phase of a definedcontribution pension plan in the presence of non-hedgeable salary risk. The model considers a policyholder who each penod, r. contributes a constant proportlon. rc. of his salary, S(I), to a personal pension fund, W(r). At the time of retirement, T. the fund IS converted into an annuity paying W( T)/cr( T) each ...