This paper undertakes the issue of portfolio insurance from the perspective of a risk-averse agent requiring his financial wealth to grow at a floored rate in excess of an equity benchmark. The suggested solution is a generalization of the CPPI approach within a two-equity asset framework. The...

Schwartz and Hayward offer an alternative analysis of air pollution levels, trends, and prospects in metropolitan areas across the United States.

This bookexamines the nonbudget consequences of the entire set of programs and the extent to which general financial regulation affects the farm sector.

Claims that air pollution will increase are not only false, but the exact opposite of what will actually happen.