Results 191 to 200 of about 2,083,765 (305)
The Rate of Interest or the Rate of Return: Estimating Intertemporal Elasticity of Substitution [PDF]
This paper investigates whether the rate of interest such as the Treasury bill rate or the rate of return such as the return on a household portfolio is more relevant to the household’s intertemporal decision making.
Douglas Dacy, Fuad Hasanov
core
Bank Monitoring with On‐Site Inspections
The Journal of Finance, EarlyView.ABSTRACT Using proprietary transaction‐level data on nonsyndicated construction loans, we provide some of the first empirical evidence on the drivers and consequences of bank monitoring through on‐site inspections. Banks trade off monitoring intensity with favorable origination terms.
Amanda Rae Heitz +2 more
wiley +1 more source
Comparing likelihood-based and likelihood-free approaches to fitting and comparing models of intertemporal choice. [PDF]
Behav Res MethodsKvam PD +3 more
europepmc +1 more source
Dynamic Consumption and Portfolio Choice with Ambiguity about Stochastic Volatility [PDF]
We introduce ambiguity about the variance of the risky asset's return in the model of Chacko and Viceira (2005) for dynamic consumption and portfolio choice with stochastic variance.
Cláudia Ribeiro +2 more
core
Model Ambiguity versus Model Misspecification in Dynamic Portfolio Choice
The Journal of Finance, EarlyView.ABSTRACT We study aversion to model ambiguity and misspecification in dynamic portfolio choice. Risk‐averse investors (relative risk aversion γ>1$\gamma > 1$) fear return persistence, while risk‐tolerant investors (0<γ<1$0<\gamma <1$) fear mean reversion, when confronting model misspecification concerns of identically and independently distributed (IID)
PASCAL J. MAENHOUT +2 more
wiley +1 more source
Are capuchin monkeys (Sapajus spp.) sensitive to lost opportunities? The role of opportunity costs in intertemporal choice. [PDF]
Philos Trans R Soc Lond B Biol Sci, 2021 Addessi E +7 more
europepmc +1 more source
The Productivity Effect of Public–Private Partnership
The Journal of Industrial Economics, EarlyView.ABSTRACT Public–Private partnerships (PPPs) are often employed by public authorities to deliver infrastructure and public services through contracts bundling construction, operation, and maintenance over extended periods. Using a novel dataset covering the universe of Italian district heating plants (DHs) from 2007 to 2014, I show that PPP improves ...
Vincenzo Mollisi
wiley +1 more source
Editorial: Mathematical Models for Intertemporal Choice
Frontiers in Applied Mathematics and Statistics, 2021 Salvador Cruz Rambaud
doaj +1 more source
Abandon Hope All Ye Who Enter Here? [PDF]
Hope plays an important role in all individuals’ lives both today and in the future. While hope and hopelessness are important concepts and the subjects of much theorizing in psychology, theology, philosophy, political science, nursing, as well as in ...
Rowena Pecchenino
core
Journal of Management Studies, EarlyView.Abstract Despite the growing impact of artificial intelligence (AI) in business, there is little research examining its effects on firm idiosyncratic risk (IR). This is an important issue for boards: as key conduits of firm–environment information flows via board interlock networks, traditional risk oversight functions are being increasingly augmented ...
Kerry Hudson, Robert E. Morgan
wiley +1 more source