The structure and regulation of insurance markets in Europe

Insurance industry ; Europe

Spectral Efficient and Energy Aware Clustering in Cellular Networks

The current and envisaged increase of cellular traffic poses new challenges to Mobile Network Operators (MNO), who must densify their Radio Access Networks (RAN) while maintaining low Capital Expenditure and Operational Expenditure to ensure long-term sustainability. In this context, this paper analyses optimal clustering solutions based on Device-to-Device (D2D) communications to mitigate partially or completely the need for MNOs to carry out extremely dense RAN deployments. Specifically, a low complexity algorithm that enables the creation of spectral efficient clusters among users from different cells, denoted as enhanced Clustering Optimization for Resources' Efficiency (eCORE) is presented. Due to the imbalance between uplink and downlink traffic, a complementary algorithm, known as Clustering algorithm for Load Balancing (CaLB), is also proposed to create non-spectral efficient clusters when they result in a capacity increase. Finally, in order to alleviate the energy overconsumption suffered by cluster heads, the Clustering Energy Efficient algorithm (CEEa) is also designed to manage the trade-off between the capacity enhancement and the early battery drain of some users. Results show that the proposed algorithms increase the network capacity and outperform existing solutions, while, at the same time, CEEa is able to handle the cluster heads energy overconsumption

Asynchronous iterative computations with Web information retrieval structures: The PageRank case

There are several ideas being used today for Web information retrieval, and specifically in Web search engines. The PageRank algorithm is one of those that introduce a content-neutral ranking function over Web pages. This ranking is applied to the set of pages returned by the Google search engine in response to posting a search query. PageRank is based in part on two simple common sense concepts: (i)A page is important if many important pages include links to it. (ii)A page containing many links has reduced impact on the importance of the pages it links to. In this paper we focus on asynchronous iterative schemes to compute PageRank over large sets of Web pages. The elimination of the synchronizing phases is expected to be advantageous on heterogeneous platforms. The motivation for a possible move to such large scale distributed platforms lies in the size of matrices representing Web structure. In orders of magnitude: $10^{10}$ pages with $10^{11}$ nonzero elements and $10^{12}$ bytes just to store a small percentage of the Web (the already crawled); distributed memory machines are necessary for such computations. The present research is part of our general objective, to explore the potential of asynchronous computational models as an underlying framework for very large scale computations over the Grid. The area of ``internet algorithmics'' appears to offer many occasions for computations of unprecedent dimensionality that would be good candidates for this framework.Comment: 8 pages to appear at ParCo2005 Conference Proceeding

The Effects of Terrorism and War on the Oil and Prices Stock Indices Relationship

This paper, investigates the effect war and terrorism, have on the covariance between oil prices and the indices of four major stock markets - the American S&P500 and the European DAX, CAC40 and FTSE100 - using nonlinear BEKK-GARCH type models. Findings reported herein indicate that the covariance between stock and oil returns is affected by war. A tentative explanation is that the two wars examined here, predispose investors and market agents for more profound and longer lasting effects. On the other hand, in the case of terrorist incidents that, vis-à-vis war, are of a more transitory nature and one-off security shocks, only the co-movement between CAC40, DAX and oil returns is affected. No significant impact for the same terrorist events is observed in the relationship between the S&P500, FTSE100 and oil returns. This difference in the reaction may tentatively be interpreted as indicating that the latter markets are more efficient in absorbing the impact of terrorist attacks.war, terrorism, crude oil, stock market returns, co-movement