If one believes in a more sustained economic recovery in the near term than the more volatile one we have been witnessing over the past few years, and hence the inherent risk of accelerating inflation, Treasury inflation-protected securities (TIPS) could provide inflation protection to...

Using the 2014 Nielsen Homescan panel data, the Heckman two-stage sample selection model is used to estimate the likelihood of purchasing organic or conventional flour as well as the quantity purchased of organic and conventional flour. A number of demographic variables are found to be...

In econometric models, sign or inequality constraints on parameters arise in a wide variety of applications. In this paper, we incorporate linear and nonlinear inequality constraints into systems of equations with both discrete and continuous variables serving as the dependent variables. The...

This paper investigates the historical relationship between inflation rates and asset class returns in order to give perspective on which classes perform best when inflation rates are high. This is important to investors as the monetary base has tripled since July 2008, which may be “sowing...

Executives of many publicly held firms agree to compensation packages that create immense exposure to their employer's stock. Corporate boards, aspiring to motivate executives to make value-maximizing decisions, often tie an executive's earnings to stock price performance through stock or option...