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This paper is concerned with specification for modelling financial leverage effect in the context of stochastic volatility (SV) models. Two alternative specifications co-exist in the literature. One is the Euler approximation to the well known continuous time SV model with leverage effect and...
Persistent link: https://www.econbiz.de/10005063753
This paper is concerned with specification for modelling financial leverage effect in the context of stochastic volatility (SV) models. Two alternative specifications coexist in the literature. One is the Euler approximation to the well known continuous time SV model with leverage effect and the...
Persistent link: https://www.econbiz.de/10005091188
This paper is concerned with specification for modelling financial leverage effect in the context of stochastic volatility (SV) models. Two alternative specifications co-exist in the literature. One is the Euler approximation to the well known continuous time SV model with leverage effect and...
Persistent link: https://www.econbiz.de/10005702757
from the history of financial market regulation …
Persistent link: https://www.econbiz.de/10005342313
cases of bypass in the distribution of natural gas, and compare the welfare properties of regulation vs.\ the `laissez … is costly, but it reduces market power and increases the variety of goods available to consumers. Regulation is an … network. Both marginal and average cost price regulation are considered …
Persistent link: https://www.econbiz.de/10005702578
, rather than moderate, policies are much more likely to participate in public meetings where regulation is determined. We also …
Persistent link: https://www.econbiz.de/10005702671