Settlement

Settlement Risk under Gross and Net Settlement

Previous comparative analyses of gross and net settlement have focused on the credit risk of the central counterparty in net settlement arrangements, and on the incentives for participants to alter the risk of the portfolio under net settlement. By modeling the trading economy that generates the demand for payment services, we are able to show some largely unexplored advantages of net settlemen...

Urban settlement transitions

Urban growth dynamics attracts the efforts of scientists from many different disciplines with objectives ranging from theoretical understanding to the development of carefully tuned realistic models that can serve as planning and policy tools. Theoretical models are often abstract and of limited applied value while most applied models yield little theoretical understanding. Here we present a ma...

The Settlement Black Box

Apologies and Settlement Jennifer

Footnotes 1. See generally NICHOLAS TAVUCHIS, MEA CULPA: A SOCIOLOGY OF APOLOGY AND RECONCILIATION (1991). 2. It is worth noting that, empirically, it is not clear whether, under what circumstances, or to what degree an apology might alter the risk of an adverse liability determination. Whether apologies influence liability decision making in civil cases has not been examined in empirical studi...

Modeling Nomad-settlement Interactions

It is widely assumed that there was a certain degree of economic interdependency between nomadic and sedentary groups in the Bronze Age Near East. Unfortunately, the archaeological and historical evidence for nomadic groups is patchy and incomplete and seldom permits any secure conclusions regarding the nature and consequences of economic interaction between nomadic and sedentary groups. Ethnog...