Westland, James Christopher - In: Financial innovation : FIN 1 (2015) 7, pp. 1-20
warranty model assuming exponential auction listing and claims times, under competing assumptions of Normal (classical … portfolio theory) versus Paretian claims (industry practice) distributions using a normative algorithm. EBay's model viability … was analyzed under three risk metrics - mean-variance risk of classic portfolio theory; value at risk used in regulation …