We estimate the causal effect of 334 different types of health shocks on a set of economic and health outcomes: medical expenses, mortality, disability, labor market participation, labor earnings, and the need for nursing home care. To this end, we examine detailed data on 6.9 million people...

We study a new constrained equity premium forecasting approach which employs the option-implied lower bounds for the conditional market premium from Martin (2017) and Chabi-Yo and Loudis (2020), respectively, as forecast constraints. This constrained approach delivers considerable out-of-sample...

Customer churn, which insurance companies use to describe the non-renewal of existing customers, is a widespread and expensive problem in general insurance, particularly because contracts are usually short-term and are renewed periodically. Traditionally, customer churn analyses have employed...

The provision of trade credit has been explained both by theories that focus on its role in contracting for transactions between firms and by theories that focus on the advantages of liquidity provision along the supply chain. We use the 2007-2009 financial crisis and recession as a natural...

Previous works on channel pricing in a symmetric setting routinely assume either linear demand functions or symmetric-at-symmetric prices when analyzing seemingly intractable demands or a general reduced-form demand structure. Through one classic channel structure, the common retailer channel,...

This paper builds upon a leader and follower endogenous growth framework to study intermediary roles played by human capital and technology in triggering the gross-output-enhancing effect of inward foreign direct investment (FDI). Our model develops a number of testable hypothesises to assess...

The approach shows the scientific background of eliminating the market risk of an optimized portfolio and the use of marginal probabilities of ruin for optimized amounts of investments.For this reason the mathematical expectations of the parameters of the market model in the portfolio result to...

The non-fungible token market is a new and ever-changing ecosystem. Research was conducted to examine the NFT market’s adherence to traditional economic models of demand. Such research is crucial in understanding NFTs as viable investment pieces; to this end, a combination of firsthand data...