● Ami Ko, An Equilibrium Analysis of the Long-Term Care Insurance Market, The Review of Economic Studies, Volume 89, Issue 4, July 2022, Pages 1993–2025 ● Regis Barnichon, Yanos Zylberberg, A Menu of Insurance Contracts for the Unemployed, The Review of Economic Studies, Volume 89, ...
Section E of the Study Guide for Financial Management contains several references to the Capital Asset Pricing Model (CAPM). This article, is the second in a series of three, and looks at applying the CAPM in calculating a project-specific discount rate to use in inves...
Casual generalization of the Sharpe-ratio-based interpretation of the single-factor GRS statistic to the multiple-portfolio case makes experts in asset pricing studies susceptible to an incorrect formula. We illustrate the consequences of using the incorrect formulas that the ambiguity in GRS leads to...
A weekly one-page snapshot of market performance and the latest market headlines. Access now Guide to Alternatives Get insights on macro topics such as manager dispersion, while also diving into real estate, private credit, private equity and hedge funds and more. ...
The cost of equity Section E of the Study Guide for Financial Management contains several references to the Capital Asset Pricing Model (CAPM). This article introduces the CAPM and its components, shows how it can be used to estimate the cost of equity, and introduce...
John H. Cochrane is the Rose-Marie and Jack Anderson Senior Fellow of the Hoover Institution at Stanford University. His publications include the bookThe Fiscal Theory of the Price Level and Asset Pricing. He has written articles on monetary policy, inflation, asset markets, macroeconomics, health...
The Review of Economic Studies, Volume 90, Issue 3, May 2023, Pages 1195–1227, https://doi.org/10.1093/restud/rdac060 Abstract We quantify intergenerational and assortative processes by comparing different degrees of kinship within the same generation. This “horizontal” approach yields more, an...
We analyze a number of potential effects of international catching-up and the spirit of capitalism on savings, growth, portfolio allocation and asset pricing. Moreover, we obtain a multi-factor Capital Asset Pricing Model (CAPM). Our results show that status concerns have non-trivial effects on...
The Capital Asset Pricing model(CAPM) E(ri)=Rf+β(E(Rm)-Rf) Where E(ri)= the expected(target) return on security by the investor Rm= expected return in the market β= the beta of the investment Rf= the risk-free rate of interest ...
aProviding such an understanding is the focus of most research in the area of asset pricing 提供这样理解是多数研究焦点在财产定价区域[translate] aWhat portion of this feedback qualifies it for removal 这反馈的什么部分在撤除合格它[translate] ...