Purpose – The purpose of this study is to suggest best practices for managing a successful Student Managed Investment Program (SMIP) based on the experience of the Marquette University’s Applied Investment Management (AIM) Program.Design/methodology/approach – We provide a detailed...

Cass (1984) provided an existence theorem for financial equilibria in incomplete markets with exogenous yields. His theorem showed that, when agents had symmetric information and ordered preferences, equilibria existed on purely nancial markets, consistently with any collection of state prices....

Baumbach et al.1 estimate that climate damages to the carbon storage and habitat services provided by Central American forests will cost society $51-314 billion per year through the end of the century. Their costs greatly exceed past estimates of the total value of critical biodiversity hotspots...