The objective of this article is to discuss the potential of economic analysis as a tool for identification and evaluation of corruption in legislative acts. We propose that corruption be perceived as a risk variable within the legislative process. Therefore we find it appropriate to employ risk analysis methods, used in various fields of economics, for the evaluation of corruption in legislati...

In the last two decades, the failure of multiple engineering projects has highlighted the importance of adopting risk management practices. While risk identification and risk assessment have been widely studied in the literature, only few authors have proposed formal tools for helping project managers to evaluate the effectiveness of their risk response plan. While some risk response measures m...

Privacy risk assessments aim to analyze and quantify the privacy risks associated with new systems. As such, they are critically important in ensuring that adequate privacy protections for individual users are built in. However, current methods to quantify privacy risk rely heavily on experienced analysts who pick the"correct"risk level on a five-point scale. In this paper, we argue that a more...

Abstract: The prospect of China’s wind power industry is bright, but from the angle of investment, investment amount, operation and maintenance costs of wind power project are relatively high, at the same time, it is facing high policy risk and environment risk. Therefore, we should consider all kinds of risk factors to make appropriate risk management and control plan. Based on this, the paper...

The paper discusses in the context of nanotechnology whether current concepts of chemical risk assessment can be used to assess nanorisk. Nanorisk can be defined from the narrow (eco) toxicological perspective to the broader sense to include societal/cultural impacts or even to the fundamental philosophical level i.e. questioning societies need for the technology. We outline here the limitation...

The electricity systems have a central role to play in the transition towards a low carbon economy and integration of renewable energy sources in the European Union. However, the European electricity networks face a diverse set of existing and new risks that can hamper the energy security of member countries. This paper aims to qualitatively and quantitatively assess these risks given the chang...

In this study, we analyze the aerospace stocks prices in order to characterize the sector behavior. The data analyzed cover the period from January 1987 to April 1999. We present a new index for the aerospace sector and we investigate the statistical characteristics of this index. Our results show that this index is well described by Tsallis distribution. We explore this result and modify the s...