Results 191 to 200 of about 553,591 (343)

Model Ambiguity versus Model Misspecification in Dynamic Portfolio Choice

open access: yesThe 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

The Productivity Effect of Public–Private Partnership

open access: yesThe 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

From gateway to value ladder—The curious case of online mutual aid in China

open access: yesJournal of Risk and Insurance, EarlyView.
Abstract This study examines how InsurTech‐enabled information provision, specifically the disclosure of claimant information previously unavailable in conventional insurance, influences individuals' insurance uptake. We leverage Mutual Aid (MA) platforms as a natural context to examine how socially framed loss information, peer influence, and salience
Ze Chen   +3 more
wiley   +1 more source

Threshold dynamics and ergodicity of an SIRS epidemic model with semi-Markov switching

open access: yesJournal of Differential Equations, 2019
Dan Li, Shengqiang Liu, Jing'an Cui
semanticscholar   +1 more source

Cluster Policy, Innovation, and Firm Productivity. An Econometric Assessment of the Flemish Spearhead Cluster Program

open access: yesJournal of Regional Science, EarlyView.
ABSTRACT The Flemish government launched its Spearhead Cluster (SHC) policy in 2017. The aim is to boost strategic sectors by setting up cluster initiatives which coordinate collaborative R&D initiatives. In this paper, we analyze whether becoming a member of such a cluster initiative has an impact on the Total Factor Productivity (TFP) of the firm. We
Pierluigi Angelino   +2 more
wiley   +1 more source

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