Results 91 to 100 of about 204,844 (307)
Applied Economic Perspectives and Policy, EarlyView.ABSTRACT Increased frequency of extreme weather events, particularly droughts, threatens grassland farming by destabilizing yields and farms' economic viability. We examine, theoretically and through numerical simulations, how sown plant diversity (natural insurance) influences the attractiveness of indemnity and drought index insurance (formal ...
Nicolas Alou +3 more
wiley +1 more source
Do Heterogeneous Beliefs Matter for Asset Pricing? [PDF]
We study how heterogeneous beliefs affect returns and examine whether heterogeneous beliefs are a priced factor in traditional asset pricing models. To accomplish this task, we suggest new empirical measures based on the disagreement among analysts about
Eric Ghysels +2 more
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Econometric Evaluation of Asset Pricing Models
, 1996 We provide a brief review of the techniques that are based on the Generalized Method of Moments (GMM) and used for evaluating capital asset pricing models. We first develop the CAPM and multi-beta models and discuss the classical two-stage regression method originally used to evaluate them.
Wayne E. Ferson, Ravi Jagannathan
openaire +3 more sources
The Biofuels Blueprint: Understanding the U.S. Renewable Fuel Standard
Applied Economic Perspectives and Policy, EarlyView.ABSTRACT We provide a comprehensive review of the U.S. Renewable Fuel Standard (RFS), synthesizing nearly two decades of program evolution, market outcomes, and economic analysis. The RFS mandates minimum volumes of renewable fuel blending through a nested structure based on life‐cycle greenhouse gas reductions, enforced via tradeable Renewable ...
Maria Gerveni +3 more
wiley +1 more source
Investor sentiment and its role in asset pricing: An empirical study for India
IIMB Management Review, 2019 In this paper, we experiment with the construction of alternative investor sentiment indices. Further, we evaluate the role of the sentiment-based factor in asset pricing to explain prominent equity market anomalies such as size, value, and price ...
Piyush Pandey, Sanjay Sehgal
doaj +1 more source
Anchoring Adjusted Capital Asset Pricing Model [PDF]
SSRN Electronic Journal, 2015 What happens when the capital asset pricing model is adjusted for the anchoring and adjustment heuristic of Tversky and Kahneman [1974]? The surprising finding is that adjusting the capital asset pricing model for anchoring provides a plausible unified framework for understanding almost all of the key asset pricing anomalies.
openaire +4 more sources
Assessing Household Welfare in Response to Rising Food Prices in The Gambia
Applied Economic Perspectives and Policy, EarlyView.ABSTRACT This study examines how rising food prices affected household welfare in The Gambia using nationally representative data from the 2015/16 Integrated Household Survey (IHS‐3). The analysis reflects household consumption behavior and market conditions prevailing during that period and provides a structural benchmark for understanding ...
Roger Vorsah +3 more
wiley +1 more source
Modeling American Option Switching Model Regime and Oil Derivatives [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2011 In this paper we are going to model stocks and derivatives markets by means of recent research work that can be used in Iran and explain some of the market shortages.
Abdolsedeh Neisy
doaj
Testing asset pricing models on the Pakistan Stock Exchange
Business Review, 2018 This study investigates the performance of CAPM, three-factor and five-factor asset pricing models on the Pakistan Stock Exchange using monthly data of 896 companies from November 2000 to December 2016.
Kiran Lohano , Muhammad Kashif
doaj +1 more source
Testing Conditional Asset Pricing Models: An Emerging Market Perspective [PDF]
The CAPM as the benchmark asset pricing model generally performs poorly in both developed and emerging markets. We investigate whether allowing the model parameters to vary improves the performance of the CAPM and the Fama-French model. Conditional asset
Don U.A. Galagedera +2 more
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