In many economic contexts, it is of interest to know whether one set of random variables displays a greater degree of interdependence than another. Orderings of interdependence are useful in the assessment of ex post inequality under uncertainty; in comparisons of multidimensional inequality; in assessments of the degree of conformity of behavior in social learning situations; in comparisons of...

This paper investigates the dynamic evolution of tail risk interdependence among U.S. banks, financial services and insurance sectors. Life and non-life insurers have been considered separately to account for their different characteristics. The tail risk interdependence measurement framework relies on the multivariate Student-t Markov switching (MS) model and the multiple-conditional value-at-...

the paper will provide a summary of all lifelines performance in this strong earthquake. the paper will discuss the damage, emergency response, and recovery of electric power, telecommunication, transportation (roads and bridges), seaports, airports, water and wastewater, and their facilities. the impact as a result of the lifelines service interruption will be discussed; most important is the ...

The phenomenon of paid search advertising has now become the most predominant form of online advertising in the marketing world. However, we have little understanding of the impact of search engine advertising on consumers‘ responses in the presence of organic listings of the same firms. In this paper, we model and estimate the inter-relationship between organic search listings and paid search ...

Enterprise systems have the potential to bring immense benefits to organizations, but are often seen as falling short of that promise. This paper reports an on-going research project that relates the fit between enterprise systems and the nature of intraorganizational workflow interdependencies. Using task-technology fit theory, we propose that enterprise systems are best suited to organization...