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singular method. In particular, the results highlight that taking the maximum not only minimizes the risk of underestimation …
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that the DCC-NL estimator results in risk reduction and effciency increase in large portfolios as long as a small amount of …
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I use a flexible price version of the Prescott (1975) “hotels” model to study a dynamic model that allows for storage. The formulation follows the standard competitive analysis tradition with a non-standard definition of markets: The set of markets that open depends on the state of demand. I...
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