Results 251 to 260 of about 1,995,627 (301)
Some of the next articles are maybe not open access.
SSRN Electronic Journal, 2021
Anthropogenic greenhouse gas emissions are changing the energy balance of our planet. Various climatic feedbacks make the resulting warming over the next decades and centuries highly uncertain. We quantify how this uncertainty changes the optimal carbon tax in a stochastic dynamic programming implementation of an integrated assessment model of climate ...
Jensen, Svenn +2 more
openaire +3 more sources
Anthropogenic greenhouse gas emissions are changing the energy balance of our planet. Various climatic feedbacks make the resulting warming over the next decades and centuries highly uncertain. We quantify how this uncertainty changes the optimal carbon tax in a stochastic dynamic programming implementation of an integrated assessment model of climate ...
Jensen, Svenn +2 more
openaire +3 more sources
Journal of Banking & Finance, 2011
Abstract Recovery risk to explain corporate debt premia has not received much attention so far, most likely due to the difficulties around decomposing the expected loss. We exploit the fact that differently-ranking debt instruments of the same issuer face identical default risk but different default-conditional recovery rates.
Schläfer, T., Uhrig-Homburg, Marliese
openaire +2 more sources
Abstract Recovery risk to explain corporate debt premia has not received much attention so far, most likely due to the difficulties around decomposing the expected loss. We exploit the fact that differently-ranking debt instruments of the same issuer face identical default risk but different default-conditional recovery rates.
Schläfer, T., Uhrig-Homburg, Marliese
openaire +2 more sources
SSRN Electronic Journal, 2007
The uncertainty about the future mortality developments is referred to as longevity risk. This paper quanti…es the size of longevity risk premium which should be priced in various longevity-linked securities and annuity contracts. The goal of this project is to tackle the pricing di¢ culty emerged during the market innovation of the potential longevity-
openaire +2 more sources
The uncertainty about the future mortality developments is referred to as longevity risk. This paper quanti…es the size of longevity risk premium which should be priced in various longevity-linked securities and annuity contracts. The goal of this project is to tackle the pricing di¢ culty emerged during the market innovation of the potential longevity-
openaire +2 more sources
Contingent Pricing to Reduce Price Risks
Marketing Science, 2004The price for a product may be set too low, causing the seller to leave money on the table, or too high, driving away potential buyers. Contingent pricing can be useful in mitigating these problems. In contingent pricing arrangements, price is contingent on whether the seller succeeds in obtaining a higher price within a specified period. We show that
Eyal Biyalogorsky, Eitan Gerstner
openaire +1 more source
Financial Management, 1990
M The last forty years have witnessed a tremendous growth in multinational corporations; in innovations in foreign political, economic, and social systems; and in attempts by host countries to obtain greater control over the operations of multinational corporations.
openaire +1 more source
M The last forty years have witnessed a tremendous growth in multinational corporations; in innovations in foreign political, economic, and social systems; and in attempts by host countries to obtain greater control over the operations of multinational corporations.
openaire +1 more source
2015
In this chapter the concept of a risk-neutral probability measure is introduced and the relation between the no-arbitrage pricing and risk-neutral pricing is explained. The highlight of the theory presented is the Fundamental Theorem of Asset Pricing, establishing the equivalence of the no-arbitrage hypothesis and the existence of a risk neutral ...
Igor V. Evstigneev +2 more
openaire +1 more source
In this chapter the concept of a risk-neutral probability measure is introduced and the relation between the no-arbitrage pricing and risk-neutral pricing is explained. The highlight of the theory presented is the Fundamental Theorem of Asset Pricing, establishing the equivalence of the no-arbitrage hypothesis and the existence of a risk neutral ...
Igor V. Evstigneev +2 more
openaire +1 more source
SSRN Electronic Journal, 2019
I exploit a new dataset from Four Twenty Seven and identify physical climate risk factors that can explain the variation in global individual stock returns. North American stocks are currently exposed to an extreme rainfall factor and an overall climate risk factor.
openaire +1 more source
I exploit a new dataset from Four Twenty Seven and identify physical climate risk factors that can explain the variation in global individual stock returns. North American stocks are currently exposed to an extreme rainfall factor and an overall climate risk factor.
openaire +1 more source
Asset Pricing I: Risk-Neutral Pricing
2019This chapter develop the an asset pricing methodology, presents the standard risk-neutral asset pricing model, and uses it to price a wide of assets.
openaire +1 more source
, 2008