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.

A wealth of survey questions asked over the past quarter century provides a clear picture of how this issue emerged, rose to prominence, and matured in the public mind.

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