The aim of this paper is to review the international evidence on the impacts of mortgage interest deductions on … homeownership rates. The probability of becoming a homeowner is a function of the relative cost of owning and renting, borrowing … supply is inelastic. homeownership ; tax policy ; prices …

policy implications is that the results could help define the maximum mortgage that may be granted to a given household and …

We consider modeling errors in the hedging of a portfolio composed from BBB-rated bonds. By doing this, we open a new … value of indexlinked credit derivatives is very limited: hedging portfolios including only T-bond futures can reduce the … hedging. This is consistent with the literature identifying an important non-default component within corporate bond spreads …

Duality for robust hedging with proportional transaction costs of path dependent European options is obtained in a …. The main theorem is duality between hedging and a Monge-Kantorovich type optimization problem. In this dual transport …

presence of a random endowment, we obtain asymptotic formulas for utility indi erence prices and hedging strategies in the …

We study the pricing and hedging of derivative securities with uncertainty about the volatility of the underlying asset … for prices and hedging strategies in terms of the security's cash gamma …

We solve the problems of mean-variance hedging (MVH) and mean-variance portfolio selection (MVPS) under restricted …