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-variance analysis of alternative investments has been hampered by the lack of a systematic treatment of volatility in these markets … underlying volatility. For example, in art markets, auction houses often give price guarantees to the seller that resemble put … the price index, allowing to treat the volatility parameter as the object of interest. The model can be estimated using …
Persistent link: https://www.econbiz.de/10010318789
A new heteroskedastic hedonic regression model is suggested which takes into account time-varying volatility and is … expectation. The art price index is a smooth function of time and has a variability that is comparable to the volatility of stock …
Persistent link: https://www.econbiz.de/10010281564
The prices of wine is a key topic for market participants interested in valuing their stock, including dealers, restaurants or consumers who may be interested in optimizing their purchases. As a closely related issue, re-valuation is the need to regularly update the value of a stock. This need...
Persistent link: https://www.econbiz.de/10010319203
Changes in quality in information technology products provoke that compilation of their price indexes represent a major challenge. In this respect, this paper has three goals. In first place, to build price indexes for personal computers during 1990-2004. In second place, to compare our price...
Persistent link: https://www.econbiz.de/10005558252
The prices of wine is a key topic for market participants interested in valuing their stock, including dealers, restaurants or consumers who may be interested in optimizing their purchases. As a closely related issue, re-valuation is the need to regularly update the value of a stock. This need...
Persistent link: https://www.econbiz.de/10010640723
The prices of wine is a key topic for market participants interested in valuing their stock, including dealers, restaurants or consumers who may be interested in optimizing their purchases. As a closely related issue, re-valuation is the need to regularly update the value of a stock. This need...
Persistent link: https://www.econbiz.de/10010662670
Persistent link: https://www.econbiz.de/10010241977
Persistent link: https://www.econbiz.de/10010395003
Persistent link: https://www.econbiz.de/10010374158
identical in every respect but brand. The model is based on hedonic regressions and grounded in economic theory. In constrast to …
Persistent link: https://www.econbiz.de/10010356086