The current market malaise may keep some investors on the sidelines. The benefits of diversification may not seem as … math, that diversification maintained by rebalancing can easily turn individual assets' negative cumulative returns into …

hedging strategies of a duopoly. Firms are exposed to demand uncertainty that leads to price risk and can hedge their risk …, we explore the Cournot duopoly with a simultaneous hedging opportunity; second, we analyze the case with a sequential …

In this article, we investigate the validity of diversification effect under extreme-value copulas, when the marginal … to our results, one can take advantages from the diversification effect for marginal risks with finite mean. This …