This paper shows that yields to maturity of U.S. Treasury bills are cointegrated, and that during periods when the Federal Reserve specifically targeted short-term interest rates, the spreads between yields of different ...

In this paper, we study the determinants of order aggressiveness and traders' order submission strategy in an open limit order book market. Applying an order classification scheme, we model the most aggressive market ...

The existence and uniqueness of the equilibrium in international fishing is first proved with nonlinear price and cost functions, and then a dynamic model is formulated describing the long-term behavior of the fish stock. ...