An equilibrium model of risk and investment
โ Scribed by Michael J.P Magill
- Publisher
- Elsevier Science
- Year
- 1983
- Tongue
- English
- Weight
- 841 KB
- Volume
- 92
- Category
- Article
- ISSN
- 0022-247X
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
This paper introduces a dynamic model of investment decisions in mainframe computer systems. I estimate and test the model using detailed micro data from a company in the telecommunications industry. The model accounts for 'technological depreciation' which distinguishes computers from other investm
## Abstract We consider a financial market consisting of a risky asset and a riskless one, with a constant or random investment horizon. The interest rate from the riskless asset is constant, but the relative return rate from the risky asset is stochastic with an unknown parameter in its distributi
## Abstract Modern theories of foreign direct investment claim that foreign direct investment occurs because certain domestic assets are worth more under foreign control. This view developed by industrial organization theorists is indifferent to the financing mode of a foreign acquisition as well a
For an infinite mode Dicke maser model, we show that the infimum of the free energy over a class of translation-invariant product states is attained for a quasi-free state. Furthermore, the thermodynamic limit of the free energy is proved to exist and equals the quasi-free solution. \* Aspirant NFW