Results 21 to 30 of about 1,026,011 (234)
A six-factor asset pricing model [PDF]
, 2018 The present study introduce the human capital component to the Fama and French five-factor model proposing an equilibrium six-factor asset pricing model. The study employs an aggregate of four sets of portfolios mimicking size and industry with varying dimensions. The first set consists of three set of six portfolios each sorted on size to B/M, size to
arxiv +1 more source
Asset Prices and Capital Share Risks: Theory and Evidence [PDF]
arXiv, 2020 An asset pricing model using long-run capital share growth risk has recently been found to successfully explain U.S. stock returns. Our paper adopts a recursive preference utility framework to derive an heterogeneous asset pricing model with capital share risks.While modeling capital share risks, we account for the elevated consumption volatility of ...
arxiv
Applied Economic Perspectives and Policy, EarlyView.Abstract This paper employs machine learning to determine which preferential trade agreement (PTA) provisions are relevant to agricultural trade patterns and the factors that may influence their adoption. Utilizing the three‐way gravity model, we apply plug‐in Lasso regularized regression to pinpoint predictive PTA provisions for agricultural trade ...
Stepan Gordeev +3 more
wiley +1 more source
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 +2 more
doaj
Capital growth and survival strategies in a market with endogenous prices [PDF]
arXiv, 2021 We call an investment strategy survival, if an agent who uses it maintains a non-vanishing share of market wealth over the infinite time horizon. In a discrete-time multi-agent model with endogenous asset prices determined through a short-run equilibrium of supply and demand, we show that a survival strategy can be constructed as follows: an agent ...
arxiv
Inside Money, Procyclical Leverage, and Banking Catastrophes [PDF]
PLoS ONE 9(8): e104219, 2014 We explore a model of the interaction between banks and outside investors in which the ability of banks to issue inside money (short-term liabilities believed to be convertible into currency at par) can generate a collapse in asset prices and widespread bank insolvency.
arxiv +1 more source
King and Cochrane: The technological treadmill and racial inequity in US agriculture
Applied Economic Perspectives and Policy, EarlyView.Abstract Between 1920 and 1969, the number of Black farmers in the US decreased from 14% of all operators to 4%. Using Martin Luther King Jr.'s critique of agricultural policy and Willard Cochrane's theory of the technological treadmill, we explore how racial discrimination was linked to policies that led to structural change in US agriculture.
Jared Hutchins, Jacopo De Marinis
wiley +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
Applied Economic Perspectives and Policy, EarlyView.Abstract This paper employs the data envelope analysis (DEA) to assess technological progress and its impact on agricultural total factor productivity (TFP) across 18 the Organization for Economic Cooperation and Development (OECD) countries from 1973 to 2015.
Yu Sheng
wiley +1 more source
MathematicsThis 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