We propose a long term portfolio management method which takes into account a liability. Our approach is based on the LQG (Linear, Quadratic cost, Gaussian) control problem framework and then the optimal portfolio strategy hedges the liability by directly tracking a benchmark process which represents the liability. Two numerical results using empirical data published by Japanese organizations a...

the destruction of profit and its consequent liability has a crucial role in regulating legal and social relations. in contracts, like hire, sale and sharecropping and also in extra contractual liability such as destroying, usurpation and receiving, lawyers and jurists have partially argued about the subject and have tried to offer a legal and jurisprudent interpretation, in order to compensate...

Qualified immunity from civil liability exists for acts of disaster mental health (DMH) practitioners responding to disasters or acts of terrorism. This article reviews current legal regimens dictating civil liability for potentially wrongful acts of DMH professionals and volunteers responding to disasters. Criteria are proposed to inform determinations of civil liability for DMH workers in dis...

CONTEXT Patterns of genetic, environmental, and phenotypic relationships among antisocial behavior and substance use disorders indicate the presence of a common externalizing liability. However, whether this liability is relatively continuous and graded, or categorical and class-like, has not been well established. OBJECTIVES To compare the fit of categorical and continuous models of external...

PURPOSE Various public and private initiatives encourage physicians to coordinate care for patients who have multiple chronic conditions, but physicians may resist doing so for fear of liability. This article assesses the extent of liability risk. METHODS This qualitative study combines legal research with key informant interviews. Relevant legal authorities were identified through literature...

We propose a novel multi-period bilateral clearing framework, where the level of systemic risk is mitigated through an optimal bailout allocation strategy. The interbank liability network evolves stochastically over time, with default events having a persistent impact on the balance sheet structure of the network. The optimal bailout policy and associated clearing payments are recovered as the ...

We construct quasiconformal mappings in Euclidean spaces by integration of a discontinuous kernel against doubling measures with suitable decay. The differentials of mappings that arise in this way satisfy an isotropic form of the doubling condition. We prove that this isotropic doubling condition is satisfied by the distance functions of certain fractal sets. Finally, we construct an isotropic...

Legal liability for accidents determines the circumstances under which injurers must compensate victims for harm. The effects of liability on incentives to reduce risk, on risk-bearing and insurance (both direct coverage for victims and liability coverage for injurers), and on administrative expenses are considered. Liability is also compared with other methods of controlling harmful activities...