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Essays on price and usage effects

Auer, Johannes - 2018

Persistent link: https://www.econbiz.de/10012152920

Predictors and portfolios over the life cycle

Kraft, Holger; Munk, Claus; Weiss, Farina - In: Essays on empirical asset pricing and …, (pp. 51-108). 2017

Persistent link: https://www.econbiz.de/10012306057

Predictors and portfolios over the life cycle : skill vs. luck

Kraft, Holger; Munk, Claus; Weiss, Farina - 2017 - Current version: February 6, 2017

In a calibrated consumption-portfolio model with stock, housing, and labor income predictability, we disentangle the welfare effects of skill and luck. Skilled investors are able to take advantage of all sources of predictability, whereas unskilled investors ignore predictability. Lucky...

Persistent link: https://www.econbiz.de/10012061991

Cinema demand in Germany

Dewenter, Ralf; Westermann, Michael - 2003

In the present paper we examine the German cinema market using time series data of 49 years. Applying estimation techniques such as OLS, 2SLS and SUR, we identify interrelations between the number of screens, the average real prices and the demand for movies per inhabitant. Furthermore, we test...

Persistent link: https://www.econbiz.de/10010302262

Risk and return in convertible arbitrage: Evidence from the convertible bond market

Agarwal, Vikas; Fung, William H.; Loon, Yee Cheng; … - 2010

extreme market-wide events and the supply of CBs on performance. Out-of-sample tests provide corroborative evidence on our … active in shorting stocks to hedge their exposure than smaller funds. They are also more vulnerable to supply shocks in the … performance when the supply of CBs declines. Taken together, our findings are consistent with convertible arbitrageurs …

Persistent link: https://www.econbiz.de/10010303833