Browsing Economics and Finance by Title
Now showing items 261-280 of 360
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Optimal Pension Plan Default Policies when Employees are Biased
What is the optimal default contribution rate or default asset allocation in pension plans? Could active decision (i.e., not setting a default and forcing employees to make a decision) be optimal? These questions are studied ... -
Optimal Risk Transfer: A Numerical Optimization Approach
(2018-07-03)Capital efficiency and asset/liability management are part of the Enterprise Risk Management Process of any insurance/reinsurance conglomerate and serve as quantitative methods to fulfill the strategic planning within an ... -
Partial Default
(2023) -
Policy Uncertainty and Aggregate fluctuations
(Wiley, 2018-01-19) -
The Political Legacy of Entertainment TV
We study the political impact of commercial television in Italy exploiting the staggered introduction of Berlusconi's private TV network, Mediaset, in the early 1980s. We find that individuals with early access to Mediaset ... -
Positive Stock Information In Out-Of-The-Money Option Prices
We examine whether the option market leads the stock market with respect to positive in addition to negative price discovery. We document that out-of-the-money (OTM) option prices, which determine the Risk-Neutral Skewness ... -
The power of sunspots: An experimental analysis
(2019-05) -
Preference symmetries, partial differential equations, and functional forms for utility
(Elsevier/Science Direct, 2013)A discrete symmetry of a preference relation is a mapping from the domain of choice to itself under which preference comparisons are invariant; a continuous symmetry is a one-parameter family of such transformations that ... -
Prestige, Promotion and Pay
We develop a theory in which financial (and other professional services) firms design career structures to “sell” prestigious jobs to qualified candidates. Firms create less prestigious entry-level jobs, which serve as ...