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Mutual Funds are the most common form of investment for the average household. They offer a fair amount of return for a limited amount of risk. Segregated Funds, which are, simply put, mutual funds with additional features, have grown in popularity as of late. It is something of great interest...
Persistent link: https://www.econbiz.de/10005621847
Modern finance is a social science where the complexity of mathematical models compares to that of physics. The aim of … this paper is to provide a conceptual framework for the interpretation of mathematical models in finance, in order to … paper is to show that the reasons why finance models are relative and non-causal are deeply rooted in the nature of finance …
Persistent link: https://www.econbiz.de/10010888080
, meanwhile, I find that only mathematics ability is significant. Looking at the returns by sex, I find that the benefits of …
Persistent link: https://www.econbiz.de/10008671374
The economic repercussions of September 11th are unique in that never before have economists needed to forecast and examine the impact of an event of such magnitude. This paper explains many of the economic effects of September l Ith, from the initial aftermath to recent developments. These...
Persistent link: https://www.econbiz.de/10009474982
This paper makes an attempt to introduce preference uncertainty into discrete choice models used in contingent valuation experiments. We develop an econometric model which may characterize the degree of the uncertainty and provide an empirical illustration of the suggested model.
Persistent link: https://www.econbiz.de/10010537455
Systemic risk propagated through over-the-counter derivatives can best be managed by a public-private central counterparty clearing house (CCP). Though private CCPs provide an adequate amount of clearing's private good, they do not provide the socially optimal level of the public good or impure...
Persistent link: https://www.econbiz.de/10009646067
Persistent link: https://www.econbiz.de/10010843167
Firm-level fixed investment expenses are analysed using a large panel of US manufacturing firms from 1971 to 2007. Integrating the user cost of capital, q and accelerator theories of investment to one econometric specification, we estimate the impacts of sales growth, cash flow, the cost of...
Persistent link: https://www.econbiz.de/10010732429
Persistent link: https://www.econbiz.de/10005775451
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