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...

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...

INTRODUCTION .......................................................................................... 258 I. THE EVOLUTION OF PRODUCTS LIABILITY LAW ...................... 262 A. Early American Law ....................................................... 263 B. Modern American Law ................................................... 265 C. The Liability “Crisis” ...................................

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...

the article examines the relationship between tort damages for personal injury and social security benefits in iranian law with a comparative view on english and french law. amongst four potential policies (cumulation, reduction, election and recoupment), the statutory provisions of iranian law have chosen the latter one. but in practice these texts have paradoxically lead to a fifth excessive ...

We seek to determine the optimal amount of the insurer’s investment in all types of assets for a small and closed economy. The goal is to detect the implications and contributions the risk seeker and risk aversion insurer commonly make and the effectiveness in the investment decision. Also, finding the optimum portfolio for each is the main goal of the present study. To this end, we adopted the...

when a person should compensate something for a person, it is said that he has civil liability. the existence of evidence that shows a person is responsible- the wrong act, damage, negligence causation relationship-specific religious relationship is caused between the person who cause the damage and the one who receive it that the former turn out to be the person indebted and the later one the ...

Many communities are concerned about the reuse of potentially contaminated land (brownfields) and believe that environmental liability is a hindrance to redevelopment. However, with land price adjustments, liability might not impede the reuse of this land. This article studies state liability rules-specifically, strict liability and joint and several liability-that affect the level and distribu...