Showing 1 - 8 of 8
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...
Persistent link: https://www.econbiz.de/10010891142
Schwartz and Hayward offer an alternative analysis of air pollution levels, trends, and prospects in metropolitan areas across the United States.
Persistent link: https://www.econbiz.de/10011273223
Claims that air pollution will increase are not only false, but the exact opposite of what will actually happen.
Persistent link: https://www.econbiz.de/10011273237
Since the publication of path-breaking contributions on the governance of environmental resources in the early 1990s … many political initiatives have been taken, many governance experiments have been run, and a large multidisciplinary field … three essential dimensions with respect to governance. First, it addresses the issue of designing governance solutions …
Persistent link: https://www.econbiz.de/10010721348
The key role of institutions for economic performance has recently been acknowledged in the economic policy debate. This paper aims at pointing out the main policy lessons and the recommendations to be drawn from New Institutional Economics (NIE), when considering the organization of markets. We...
Persistent link: https://www.econbiz.de/10010765457
-level governance and what these theories suggest with respect to the selection of a contractual approach. It begins with an overview of …
Persistent link: https://www.econbiz.de/10010707434
Persistent link: https://www.econbiz.de/10011071830
, 2001; Langlois, 2002). Third, Western societies have been evolving dramatically. Governance, specifically, has become more …
Persistent link: https://www.econbiz.de/10011073302