development of new products? Why have traditional economic models of investment failed to explain the behavior of investment …, they answer important questions about investment decisions and the behavior of investment spending. This new approach to … understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy …

everyone. The Butterfly Defect addresses the widening gap between systemic risks and their effective management. It shows how …

everyone. The Butterfly Defect addresses the widening gap between systemic risks and their effective management. It shows how …

volatility portion of the model, including methods that are robust to market microstructure noise, and address estimation and … testing questions involving the jump part of the model. As they demonstrate, the practical importance and relevance of jumps …

of its central dogma—that a competitive market economy may possess a set of equilibrium prices. The model economy for … McKenzie separately, and would become widely known as the “Arrow-Debreu Model.” While Arrow and Debreu would later go on to win …

volatility portion of the model, including methods that are robust to market microstructure noise, and address estimation and … testing questions involving the jump part of the model. As they demonstrate, the practical importance and relevance of jumps …

of valuing acquisitions. Too often, managers rely on flawed valuation models or their intuition and experience when …