There is some confusion about the nature of the short run expansion path for the firm as presented in many intermediate microeconomics textbooks. The traditional view is that the short run expansion path (SREP) is a horizontal line since capital is fixed. However, this approach ignores the...

This study examines the conditional volatility and correlation dependency and interdependency for the four major precious metals (that is, gold, silver, platinum and palladium), while accounting for geopolitics within a multivariate system. The implications of the estimated results for portfolio...