Results 11 to 20 of about 96,490 (163)

Economic Evaluation for Optimal Allocation of Flared Associated Natural Gas Production in Iranian Oil Fields [PDF]

فصلنامه پژوهش‌های اقتصادی ایران, 2016
Iran is flaring about 30 million cubic meters of associated gas per day in onshore oil fields. Suboptimality of  economic extraction and production of exhaustible natural resources pawn the national benefits.
Ali Faridzad, Mohammad Sadegh Ghazizadeh, Kiomars Heydari   +2 more
doaj  

Robustness Study of Unit Elasticity of Intertemporal Substitution Assumption and Preference Misspecification

Mathematics
This paper proposes a novel robustness framework for studying the unit elasticity of intertemporal substitution (EIS) assumption based on the Perron-Frobenius sieve estimation model by Christensen, 2017. The sieve nonparametric decomposition is a central
Huarui Jing
doaj   +1 more source

WEATHER DERIVATIVES: THE MOST COMMON PRICING AND VALUATION METHODS [PDF]

Annals of the University of Oradea: Economic Science, 2013
In recent years , weather derivatives have become a common tool in risk management for many sectors. This has its roots in that there is no unique way to determine de value and price solutions that would be generally approved by market-participants, like
Botos Horia Mircea, , ,
doaj  

Constant relative risk aversion utility and consumption CAPM: discount factors and risk aversions for Norway, Sweden, and the UK

Cogent Economics & Finance
This paper applies the newly suggested Markov chained Monte Carlo Surface Sampling Algorithm of Zappa estimating European discount factors and relative risk aversions for the CRRA utility functions based on the consumption capital asset pricing model ...
Per Bjarte Solibakke
doaj   +1 more source

Asset Pricing Theories, Models, and Tests [PDF]

, 2013
An important but still partially unanswered question in the investment field is why different assets earn substantially different returns on average.
Gospodinov, N, Robotti, C
core   +1 more source

Long-run consumption risk with durable goods : UK evidence for equity and bond markets [PDF]

, 2011
"It is a widely accepted fact that the consumption-based capital asset pricing model (CCAPM) fails to provide a good explanation of many important features of the behaviour of financial market returns in a large range of countries over a long period of ...
Smith, Peter N.
core  

Asset ppricing with a reference level of consumption: New evidence from the cross-section of stock returns [PDF]

, 2009
This paper presents an empirical evaluation of recently proposed asset pricing models which extend the standard preference specification by a reference level of consumption.
Grammig, Joachim, Schrimpf, Andreas
core  

Asset bubbles and credit constraints [PDF]

, 2018
We provide a theory of rational stock price bubbles in production economies with infinitely lived agents. Firms meet stochastic investment opportunities and face endogenous credit constraints. They are not fully committed to repaying debt.
Miao, Jianjun, Wang, Pengfei
core   +2 more sources

Maximum Entropy Analysis of Consumption-based Capital Asset Pricing Model and Volatility [PDF]

, 2020
Tae Hwy Lee, Millie Yi Mao, Aman Ullah
openalex   +2 more sources

Tax-Induced lntertemporal Restrictions on Security Returns [PDF]

, 1991
This paper derives testable restrictions on equilibrium prices when capital gains and losses are taxed only when realized. We use the Generalized Method of Moments (GMM) procedure to estimate and test the restrictions. The empirical results show evidence
Bossaerts, Peter, Dammon, Robert M.
core