Abstract

Adversarial litigation is not the only means of resolving disputes and settling of claims. There are various options. Alternative means of dispute resolution can save money and time, and can help to anchor and resolve the dispute while exploring valuable good offices, amicable approaches and facilitation. Mediation, as used in law, is a process of managing negotiation by a neutral third party in the form of Alternative Dispute Resolution (ADR), as a convenient way of resolving disputes between two or more parties with speediation processes. On the sidelines typically, a neutral third party, the mediator assists the parties to negotiate a settlement. The term "mediation" broadly refers to any instance in which a neutral third party helps others to reach an amicable and mutually acceptable agreement. More specifically, mediation has a structure, timetable and dynamic approaches that "ordinary" negotiations usually lack. The process helps the parties to flourish the healthy ideas which are different and distinct from the legal rights in a Court of law. It is well known in International Law also and disputants can submit their disputes to mediation in a variety of matters such as commercial, legal, diplomatic, workplace, community and family matters, which assumes a great significance and it is bricolaged within the framework of this article.

Keywords: Adversarial, Litigation, Mediation, Negotiation and Amicable.

Abstract

This article presents the ultimate in resolving a pricing framework's multi-Heston. Basically, we use the theorem Carr-Bakshi-Madan and a characteristic function method. In this first part, we integrate solutions of Riccati equations.

Abstract

The demographic problems faced by the pension system in Romania and those related to insufficient funds to pay pensions accounted for the reasons that there were introduced in 2007, private pensions, under a new pension system built on three pillars, state pillar and two private pillars. The initial membership of participants periods to the market of mandatory private pension funds lasted four months, taking place in the period   September, 17, 2007 — January 17, 2008. At the end, 4,156,316 people were registered to the 18 pension funds initially authorized of which 322 706 participants were randomly assigned. In this article we propose an analysis of how it evolved the number of participants in Pillar II of mandatory private pensions in Romania in the period following the initial accession, following these aspects: total number of participants enrolled in the Register, the number of participants with individual contributions, the number of participants with contributions paid in the current month, the number of participants with contributions paid in the current month, the number of participants without contributions, the number of participants randomly assigned, the number of participants in Pillar II grouped by age and by gender.

Keywords: mandatory private pension, participants, contributions, Pillar II, random distribution

Abstract

In this paper we will compare Black-Scholes formula with a particular case of Heston formula, both solutions of the same problem.

Keywords: Black-Scholes model, Heston model, comparing analytic solutions.