. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in highflooding risk areas versus farmers located in … low flooding risk areas is followed. Changes in flooding risk relatedbehaviour over time is analysed and marginal effects …

Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …

kernel that depends on returns, as in the CAPM or the APT, can accurately price assets. In this sense, theory based on …Recent developments in intertemporal asset pricing theory focus on two sets of fundamental determinants of asset …, most empirical applications, as well as the best practice in the financial industry, ignore much of what theory has to say …

investigate the ability of additional risk factors, which are not considered by the CAPM, to explain these problems. In particular … returns. The finance literature has uncovered several potential failings of the Capital Asset Pricing Model (CAPM). I …, I examine intertemporal risk and long-run risk in the cross section of returns. In addition, I develop a firm-level test …

The traditional literature on the CAPM assumes that investor's tax payments simply vanish from the model. This … assumption is not at all consistent with the actual behavior of the Treasury. The theory of general equilibrium states that an … interest rate rf = 0 will not affect prices if taxes are introduced. We show that this result can be extended to the CAPM if …

-variance efficient in the sense of classical CAPM. We show that, depending on the noise traders' behavior, the performance of efficient …

determining market clearing prices is calculated explicitly. The classical capital market line result of CAPM theory is extended …

how can it model an equity’s return. The goal of this work is not to challenge the theory behind CAPM, nor compare it to …The purpose of this work is to empirically assess the validity of the Capital Asset Pricing Model (CAPM) in terms of … than testing a specific hypothesis, my goal is to let the data speak for itself.The main difficulty with assessing CAPM is …

(whether routine or not) may amount to double-counting. The Capital Asset Pricing Model (CAPM), which is the generally … on its riskiness) relative to the market as a whole. Indeed, CAPM may actually add on an implicit premium in that it … values a stock as if it is part of a well diversified portfolio, ignoring firm specific risk. Even if fair value is …