This paper presents an analysis of the liquidity effect in the euro area – the link between the availability of aggregate liquidity and the interbank overnight rate. Applying a set of assumptions which also lead to the “martingale property” of the overnight rate, a model linking the latter to the expected aggregate liquidity conditions is formulated and calibrated. Different assumptions for how...

We explore a framework for argumentation (based on classical logic) in which an argument is a pair where the first item in the pair is a minimal consistent set of formulae that proves the second item (which is a formula). We provide some basic definitions for arguments, and various kinds of counter-arguments (defeaters). This leads us to the definition of canonical undercuts which we argue are ...

We study the demand function of a group of S members facing a global budget constraint. Any vector belonging to the budget set can be consumed within the group, with no restriction on the form of individual preferences, the nature of individual consumptions or the form of the decision process beyond efficiency. Moreover, only the group aggregate behavior, summarized by its demand function, is o...

The aim of this contribution is to present the concept of unipolar parametric evaluation of aggregation functions, and unify the ideas of global and local unipolar parametric evaluations. We show that several well–known parameters introduced in special classes of aggregation functions are included in this framework, and we also propose some new parameters for aggregation functions.

In this contribution we propose a method for generating OWA weighting vectors from the individual assessments on a set of alternatives in such a way that these weights minimize the disagreement among individual assessments and the outcome provided by the OWA operator. For measuring that disagreement we have aggregated distances between individual and collective assessments by using a metric and...

In a semiarid region of central Iran, effects of parent materials, physiography and landscape position, land use, andmanagement practices on association of organic carbon with secondary (aggregates) particles and aggregate stability canhave important consequences in terms of carbon sequestration and budgeting, deciding on the proper land use strategy andsuitable soil conservation practices. It ...

The problem of extracting consistent information from relational databases violating integrity constraints on numerical data is addressed. In particular, aggregate constraints defined as linear inequalities on aggregate-sum queries on input data are considered. The notion of repair as consistent set of updates at attributevalue level is exploited, and the characterization of several complexity ...