A CCESS TO LAND AND THE ABILITY TO MAKE productive use of such land is critical to
poor people worldwide. In addition to its direct effect on households' welfare and their …

A relationship exists between aggregate risk-neutral and subjective probability distributions
and risk aversion functions. We empirically derive risk aversion functions implied by options …

This article examines the predictable variation in long‐maturity government bond returns in
six countries. A small set of global instruments can forecast 4 to 12 percent of monthly …

This paper considers the question of how to measure and interpret the financial return to
investing in collectibles. We review various methodologies for creating priced indexes and …

Many explanations of home asset bias involve intuitions that should affect the data inputs
used by investors in optimizing portfolios:(1) transaction costs affecting expected returns,(2) …

Previous research evaluating deposit insurance as a put option has ignored the ability of the
deposit insurer (put writer) to control the timing of the put's exercise via closure decisions …

The market portfolio contains important information for purposes of strategic asset allocation.
One could consider it a natural benchmark for investors. The authors composed the invested …

Why have some countries been able to escape the usual dead end of international
development efforts and build explosively growing capitalist economies? Based on years of …

The aim of this paper is to gain a better understanding of the characteristics related to the
environment of single-family houses in the greater Geneva area. An Analytical Hierarchy …

A comparative study of perceptions concerning the environmental quality of residential real
estate in Switzerland based on empirical data collected in three different linguistic regions is …