This dissertation with the title “The Valuation of River Ecosystem Services” consists of three papers. It begins with the retrospect of the historical development of cost-benefit analysis and the non-market valuation techniques (Paper 1 and 2). We highlight that the origin of cost-benefit...

This paper analyzes the risk and rewards of providing liquidity to the convertible bond market.Using daily data on US and Japanese convertible bonds (CBs), we compute returns to a buy-andhedgearbitrage strategy involving a long position in CBs while hedging the equity, credit, andinterest rate...