This study examines and compares the market price of risk of the S&P 500, FTSE 100, All Ordinaries, and Nikkei 225 markets from 1984 to 2009 in the framework of Intertemporal Capital Asset Pricing Model (ICAPM). We follow the Vector Autoregressive instrumental variable approach in identifying...

Feed represents the largest cost input in intensive catfish Ictalurus punctatus production. Daily feed rations are generally related to stocking densities, up to a point at which high feeding rates begin to affect water quality. There has been no prior research to analyze the economic...

Denoting by X(1) <= X(2) <= · · · <= X(n) the order statistic based on a random sample X1, X2, ..., Xn drawn from a distribution F, it is shown that the property "E(X1X(1), X(n)) = (X(1) + X(n)), almost surely" holds for some n >= 3 if and only if F is either a uniform distribution on an interval or a discrete uniform distribution supported on a set of equispaced points. The heart of our proof is the interesting observation that the above equation involving conditional expectations completely determines...</=>