Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10003620561
The first essay is on "Asset Pricing with Heterogeneous Agents, Incomplete Markets and Trading Constraints. " The consumption capital asset pricing model is the standard economic model used to capture stock market behavior. However, empirical tests have pointed out to its inability to account...
Persistent link: https://www.econbiz.de/10009429928
Persistent link: https://www.econbiz.de/10009668465
The theory of adverse selection in insurance markets has been enormously influential among scholars, regulators, and the judiciary. But empirical support for adverse selection has been much less persuasive, and several recent studies have found little or no evidence of such selection in...
Persistent link: https://www.econbiz.de/10010571171