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Evaluating the Role of Insurance in Managing Risk of Future Pandemics

Kunreuther, Howard; Schupp, Jason - National Bureau of Economic Research - 2021

COVID-19 has demonstrated the challenges that policymakers, insurers, businesses, and employees face when disaster assistance programs are developed after the pandemic has already started. There is now an opportunity to design and implement effective and efficient solutions to manage the...

Persistent link: https://www.econbiz.de/10012585452

Derivatives Markets for Home Prices

Shiller, Robert J. - 2008

beginnings of real estate derivative markets is the advance in home price index construction methods, notably the repeat sales …

Persistent link: https://www.econbiz.de/10012464687

Derivatives Usage in Risk Management by US and German Non-Financial Firms : A Comparative Survey

Bodnar, Gordon M. - 1998

This paper is a comparative study of the responses to the 1995 Wharton School survey of derivative usage among US non … derivative usage is most common, followed closely by interest rate derivatives, with commodity derivatives a distant third. In … choice of instruments, and the influence of their market view when taking derivative positions. These differences appear to …

Persistent link: https://www.econbiz.de/10012472108

Behavioralize This! International Evidence on Autocorrelation Patterns of Stock Index and Futures Returns

Ahn, Dong-Hyun - 1999

This paper investigates the relation between returns on stock indices and their corresponding futures contracts in order to evaluate potential explanations for the pervasive yet anomalous evidence of positive, short-horizon portfolio autocorrelations. Using a simple theoretical framework, we...

Persistent link: https://www.econbiz.de/10012471575

An Analysis of the Stabilizing and Welfare Effects of Intervention in Spot and Futures Markets

Campbell, Robert B. - 1985

This paper analyzes the effects of three alternative rules on the long-run distributions of both the spot and futures prices ina single commodity market, in which the key behavioral relationships are derived from the optimizing behavior of producers and speculators.The rules considered include:...

Persistent link: https://www.econbiz.de/10012477382

A Note on the Derivation of Linear Homogeneous Asset Demand Functions

Friedman, Benjamin M. - 1979

Among the numerous familiar sets of specific assumptions sufficient to derive mean-variance portfolio behavior from more general expected utility maximization in continuous time, the assumptions of constant relative risk aversion and joint normally distributed asset return assessments are also...

Persistent link: https://www.econbiz.de/10012478803

Credit Default Swaps and the Credit Crisis

Stulz, René M. - 2009

Many observers have argued that credit default swaps contributed significantly to the credit crisis. Of particular concern to these observers are that credit default swaps trade in the largely unregulated over-the-counter market as bilateral contracts involving counterparty risk and that they...

Persistent link: https://www.econbiz.de/10012463266

New Estimates of the Future Path of 401(k) Assets

Poterba, James - 2007

Over the past two and a half decades there has been a fundamental change in saving for retirement in the United States, with a rapid shift from employer-managed defined benefit pensions to defined contribution saving plans that are largely controlled by employees. To understand how this change...

Persistent link: https://www.econbiz.de/10012465571

Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns

Brunnermeier, Markus K. - 2007

Human beings want to believe that good outcomes in the future are more likely, but also want to make good decisions that increase average outcomes in the future. We consider a general equilibrium model with complete markets and show that when investors hold beliefs that optimally balance these...

Persistent link: https://www.econbiz.de/10012465716

A General Stochastic Volatility Model for the Pricing and Forecasting of Interest Rate Derivatives

Trolle, Anders B. - 2006

We develop a tractable and flexible stochastic volatility multi-factor model of the term structure of interest rates. It features correlations between innovations to forward rates and volatilities, quasi-analytical prices of zero-coupon bond options and dynamics of the forward rate curve, under...

Persistent link: https://www.econbiz.de/10012466328

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