O'Hara G. (2005) A journey without maps: the regional policies of the 1964-70 British Labour Government, Regional Studies 39 , 1183-1195. This paper examines four influences on British regional policy in the late 1960s: party politics in the context of the economic environment; the structure of...

In this paper, we investigate empirically the effect of using higher moments in portfolio allocation when parametric and nonparametric models are used. The nonparametric model considered in this paper is the sample approach; the parametric model is constructed assuming multivariate variance...

In one model of portfolio choice, dating to the Safety First principle, the investor is assumed to select assets to minimize the probability of realizing a portfolio return below some pre-determined target or benchmark rate of return. This paper builds on a recent refinement of Safety...

In this work we propose the construction of optimized forecast-portfolios where analysts are thought of as “assets” with specific characteristics that may be combined in portfolios. The analysts’ forecasts were made about the German stock market index DAX on a 6-month horizon as provided...

This paper presents a novel framework for selecting socially responsible investment (SRI) portfolios. The Hedonic Price Method (HPM) is applied to obtain an evaluation of SRI criteria that is integrated into a multi-objective mathematical programming model. The HPM breaks away from the...

In this paper, we formulate a single-period portfolio choice problem with parameter uncertainty in the framework of relative regret. Relative regret evaluates a portfolio by comparing its return to a family of benchmarks, where the benchmarks are the wealths of fictitious investors who invest...

An on-line portfolio selection strategy with transaction costs is presented. It ensures investors to achieve at least the same exponential growth rate of wealth as the best stock for a long term. This equipped with a new prediction method based on “cross rates” for price relative sequences...