Bangladesh has experienced rapid fertility decline and reductions in under-five mortality over the last three decades …

We set up an open-economy, three-country version of the endogenous- mortality model of Lagerloef (forthcoming in the … International Economic Review). The model is calibrated to pre-industrial mortality data from England, France and Sweden. Fitting … parameters to match observed rates of correlation in mortality rates, the model can also account for: (1) differences in the …

Merton�s Intertemporal CAPM to test whether these four sources of risk command different risk prices. The model performs well …

. Such prices determine intrinsic returns that satisfy the CAPM equation. This paper shows that assets that pay a constant … predicts slightly higher discount rates than the CAPM. Empirical evidence supporting the CAPM cannot reject the RVT at a …

desarrollo del CAPM y APT; y, la actual, correspondiente a las anomalias del CAPM, la cual incluye el estudio del behavioural …

determine intrinsic expected returns that satisfy the CAPM equation. The intrinsic return of the risk-free asset is equal to the … return betas are approximately equal to intrinsic return betas. Market price expected returns do not satisfy the CAPM …