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Gollier, C. - Groupe de Recherche en Économie Mathématique et … - 1997

inequality affects the equilibrium value of the equity premium and the risk-free rate. We forst show that welath inequality … raises the equity premium if and only if the inverse of absolute risk aversion is concave in welath. We also show that the … equilibrium risk-free rate is reduced by wealth inequality if the inverse of the coefficient of absolute prudence is concave. …

Persistent link: https://www.econbiz.de/10005639378

Housing Tenure and Investment: A Re-Appraisal.

Southey, C.; Ho Cheung Ho, M. - 1990

Persistent link: https://www.econbiz.de/10005639468

AN ECONOMIC ANALYSIS OF SECURITY POLICIES

Bruck, Tilman - In: Defence and Peace Economics 16 (2005) 5, pp. 375-389

measures, akin to such effects in insurance economics. Furthermore, key public policy trade-offs are outlined, in particular …

Persistent link: https://www.econbiz.de/10005639983

Local vs Foreign Currency Ratings: What Determines Sovereign Transfer Risk?.

Trevino, L.; Thomas, S. - Economics Division, University of Southampton - 2000

We examine the statistical determinants of transfer risk using probit estimation and an estensive data set of over 300 …

Persistent link: https://www.econbiz.de/10005640628

Time will tell: Behavioural Scoring and the Dynamics of Consumer Credit Assessment.

Thomas, L.C.; Ho, J.; Scherer, W.T. - Economics Division, University of Southampton - 2001

This paper discusses the use of dynamic modelling in consumer credit risk assessment. It surveys the approaches and …

Persistent link: https://www.econbiz.de/10005640635

The Statistical Determinants of Local Currency Sovereign Ratings.

Trevino, L.; Thomas, S. - Economics Division, University of Southampton - 2000

This paper presents the first systematic analysis of the determinants of local currency sovereign ratings and uses ordered probit estimation. We find no signifiant quantitative impact for the best theoretical indicators of local currency creditworthiness, the fiscal balance and the rate of...

Persistent link: https://www.econbiz.de/10005640647

Investment and Demand Uncertainty.

Guiso, L.; Parigi, G. - Banca d'Italia - 1996

Theoretical models of investment under uncertainty predict that the sign and the strength of the investment -uncertaintyrelationship is in principle ambiguous and can vary greatly across groups of firms depending on the degree of irreversibility of investment and the market power of the firm....

Persistent link: https://www.econbiz.de/10005640898

Risk Sharing and Precautionary Saving.

Guiso, L.; Jappelli, T. - Banca d'Italia - 1992

Persistent link: https://www.econbiz.de/10005640921

The Equity Premium Is No Puzzle.

Kurz, M.; Beltratti, A. - Banca d'Italia - 1996

We examine the equity premium pizzle with the prespective of the theory of Rational Beliefs Equilibrium (RBE) and show that from the perspective of this theory there is no puzzle.

Persistent link: https://www.econbiz.de/10005640936

Optimality of Incomplete Markets.

Demange, G.; Laroque, G. - 1992

Persistent link: https://www.econbiz.de/10005641032