The authors report evidence of monthly seasonality in the estimate of the CAPM-based equity risk premium on the NYSE and the London, Paris, and Brussels exchanges. In Belgium and France, the risk premium is positive in January and negative the rest of the year. In the United Kingdom, it is...

This article presents a mean-variance model of the risk-averse firm under price uncertainty and examines the impact of uncertainty on the firm's production decision.It then develops a geometric method for comparative-statics analysis.

This article extends the standard theory of the producer cooperative firm to the case of production under condition of risk

In the current contribution, time lags and decrement factors for a building wall including different Multilayer Thermal Insulation (MTI) configurations have been calculated numerically. For this investigation purpose, a numerical model which can take care of composite walls was developed. The...

[fre] On présente un modèle permettant de mettre en évidence l'influence des prix de l'énergie sur le taux d'actualisation à long terme pour une économie soumise à une contrainte extérieure. Le modèle comporte un bien agrégé produit à l'aide de trois facteurs : main-d'œuvre,...