Similar Search Results

Derivatives Do Affect Mutual Funds Returns : How and When?

Cao, Charles; Ghysels, Eric; Hatheway, Frank - Centre Interuniversitaire de Recherche en Analyse des … - 2001

funds. Most mutual funds using derivatives do so to a very limited extent that has little discernable impact on returns …. However, there exist two types of funds that make more extensive use of derivatives, global funds and specialized domestic … employing derivatives sparingly or not at all. We find evidence that fund managers time their use of derivatives in response to …

Persistent link: https://www.econbiz.de/10005100892

Cadre d'analyse sur les stratégies de services partagés et d'impartition

Aubert, Benoit A.; Bourdeau, Simon; Patry, Michel; … - Centre Interuniversitaire de Recherche en Analyse des … - 2005

cadre d'analyse des stratégies permettant l'intégration et la rationalisation des services de soutien administratif au sein …

Persistent link: https://www.econbiz.de/10005100445

Le risque : un modèle conceptuel d'intégration

Bernard, Jean-Grégoire; Aubert, Benoit A.; Bourdeau, Simon - Centre Interuniversitaire de Recherche en Analyse des … - 2002

The following project report is the first of a sequence which will focus on integrated risk management. This report presents a conceptual model which goal is to define the concept of risk. This conceptual model integrates the definitions of multiple domains having an interest in risk management....

Persistent link: https://www.econbiz.de/10005100486

Optimal Tariffs on Exhaustible Resources : The Case of Quantity Setting

Fujiwara, Kenji; Long, Ngo Van - Centre Interuniversitaire de Recherche en Analyse des … - 2012

Constructing a dynamic game model of trade of an exhaustible resource, this paper compares feedback Nash and Stackelberg equilibria when the exporting country sets quantity rather than price. We consider two different leadership scenarios: leadership by the importing country, and leadership by...

Persistent link: https://www.econbiz.de/10009652127

Transboundary Movement of Waste: Second-hand Markets and Illegal Shipments

Bernard, Sophie - Centre Interuniversitaire de Recherche en Analyse des … - 2011

In a stylized model of international trade, firms in the North indirectly export second-hand products to a representative firm in the South to be reused as intermediate goods, with potential trade gains. The level of reusability of waste products is a crucial choice variable in the North. This...

Persistent link: https://www.econbiz.de/10009391933

Welfare Implications of Leadership in a Resource Market Under Bilateral Monopoly

Fujiwara, Kenji; Long, Ngo Van - Centre Interuniversitaire de Recherche en Analyse des … - 2010

Does a country strictly gain if it acts as a leader in a resource market under bilateral monopoly? Using differential games, we show that the answer is "yes"" when leadership can be exercised globally (global Stackelberg leadership), but possibly ""no"" when it is exercised only at each stage...

Persistent link: https://www.econbiz.de/10008552855

Dynamiques d'arbitrage entre écotaxe et permis d'émissions

Dragicevic, Arnaud - Centre Interuniversitaire de Recherche en Analyse des … - 2011

This paper proposes three analyses of the tradeoff mechanism between ecotax and carbon credit. Our wish is to compare the ecotax level with the carbon credit price, subject to the minimization of the cost inherent to emissions. We redefine the calculus equations of the firm profit, in which we...

Persistent link: https://www.econbiz.de/10009022071

Loss of Substitutability: A Note On Disparity between WTP and WTA / Perte de la Substituabilité

Dragicevic, Arnaud - Centre Interuniversitaire de Recherche en Analyse des … - 2010

This paper focuses on the disparity between willingness-to-pay and willingness-to-accept indices in nonmarket valuation. The substitution effect makes agents value net losses higher than opportunity losses. In regard to net losses, we show that imperfect substitutability respectively induces...

Persistent link: https://www.econbiz.de/10008513321

Truth in Consequentiality: Theory and Field Evidence on Discrete Choice Experiments

Roy-Vigneault, Frédéric; Rondeau, Daniel; Doyon, Maurice - Centre Interuniversitaire de Recherche en Analyse des … - 2010

This paper explores methodological issues surrounding the use of discrete choice experiments to elicit values for public goods. We develop an explicit game-theoretic model of individual decisions to a series of choice sets, providing general conditions under which surveys with repeated binary...

Persistent link: https://www.econbiz.de/10008685641

Option Valuation with Conditional Heteroskedasticity and Non-Normality

Christoffersen, Peter; Elkamhi, Redouane; Feunou, Bruno; … - Centre Interuniversitaire de Recherche en Analyse des … - 2009

We provide results for the valuation of European style contingent claims for a large class of specifications of the underlying asset returns. Our valuation results obtain in a discrete time, infinite state-space setup using the no-arbitrage principle and an equivalent martingale measure. Our...

Persistent link: https://www.econbiz.de/10004976982