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In times of increasing oil prices and a weak dollar, European companies that focus their business on the US market may find themselves in a weak position. While many businesses can hedge this kind of risk by relocating production to the US, or employing financial remedies, these strategies may...
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in retailer service. A decomposition of the price differential reveals that there may indeed be a competition effect. …
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There is strong empirical evidence that the pricing kernel is Ushaped,which provides a way to explain the substantial … coskewnesspremium. Existing studies typically use a polynomial approximationof the pricing kernel. Problematically, these polynomials …
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