Results 11 to 20 of about 201,347 (283)
Discounting the Discounted Projection Approach [PDF]
North American Actuarial Journal, 2021 UK equity release actuaries are using a flawed approach to value the no-negative equity guarantees in their equity release mortgages. The approach they use, the Discounted Projection approach, incorrectly uses projected future house prices as the underlying prices in their put option pricing equations.
Dean Buckner, Kevin Dowd
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Economic Inquiry, 2019 We investigate the practice of framing a price as a discount from an earlier price, with information such as “was $200, now $100.” We discuss two reasons why a discounted price—rather than a merely low price—can make a consumer more willing to purchase.
Armstrong, Mark, Chen, Yongmin
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Discounting Disentangled [PDF]
American Economic Journal: Economic Policy, 2018 The economic values of investing in long-term public projects are highly sensitive to the social discount rate (SDR). We surveyed over 200 experts to disentangle disagreement on the risk-free SDR into its component parts, including pure time preference, the wealth effect, and return to capital.
Drupp, Moritz +3 more
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Journal of Economic Theory, 2010 Which rates should we use to discount costs and benefits of different natures at different time horizons? We answer this question by considering a representative agent consuming two goods whose availability evolves over time in a stochastic way. We extend the Ramsey rule by taking into account the degree of substitutability between the two goods and of
Gollier, Christian
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SSRN Electronic Journal, 2019 We document a pecking order of transaction costs in the interdealer market for German sovereign bonds, where three trading protocols coexist. Dealers can trade over the counter (OTC), either bilaterally or via brokers, as well as on an exchange. Trading on the exchange is more expensive than OTC, and broker-intermediated trades are more costly than ...
Calebe de Roure +3 more
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Projection bias, sophistication, and sub-additive discounting
Journal of Management Science and Engineering, 2019 :: Behavioral studies have revealed the sub-additive discounting pattern, which is at odds with the prevailing hyperbolic discounting framework that explains intertemporal choices. In this study, we demonstrate that completely and partially sophisticated
Shou Chen +3 more
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The practice of discounting in economic evaluations of healthcare interventions [PDF]
, 2001 Objectives: Discounting of costs in health-related economic evaluation is generally regarded as uncontroversial, but there is disagreement about discounting health benefits. We sought to explore the current recommendations and practice in health economic
Gravelle, H., Smith, D.H.
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Учёт. Анализ. Аудит, 2019 For the credible and realistic analysis of liquidity of assets, balance, solvency, diagnostics and forecasting of bankruptcy, as well as in anti-crisis management situations, the top necessity is the reliable assessment of assets.
Vladimir A. Chernov, Anna V. Borisova
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SSRN Electronic Journal, 2018 This paper studies the efficiency of the cryptocurrency market by looking at the distribution of bitcoin prices over time and across exchange-currency pairs. We document persistent differences in relative bitcoin prices (or discounts), with a half-life of 1 day, and a distribution which is leptokurtic, skewed to the right, with a standard deviation of ...
Nicola Borri, Kirill Shakhnov
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Finance and Stochastics, 2023 AbstractDiscount is the difference between the face value of a bond and its present value. We propose an arbitrage-free dynamic framework for discount models, which provides an alternative to the Heath–Jarrow–Morton framework for forward rates. We derive general consistency conditions for factor models, and discuss affine term structure models in ...
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