(Abstract)This paper uses a multi-factor Arbitrage Pricing model to measure the systematic risks of U.S. Foreign Direct Investments (FDI) in the largest emerging markets of Latin America: Argentina, Brazil, Chile, and Mexico. The Arbitrage Pricing Theory (APT) states that returns on investments...

The use of contingent valuation (CV) methods to estimate benefits has become increasingly common in project analysis. Ever since the NOAA Blue Ribbon Panel Report in 1993 (NOAA, 1993) recommended theuse of the referendum form of CV, it seems to have become the method of choice in practical...

Firms seeking sites for new or expansion plants rely on their ability to assess thebenefits and costs generated by locating operations in a given state. Stategovernments strive to understand the issues important to firms who are seekinga site for new operations or branch plants. They do so...

This study compares different methods of forecasting price volatility in the crude oil futures market using daily data for the period November 1986 through March 1997. It compares the forward-looking implied volatility measure with two backward-looking time-series measures based on past returns...

Even if there were only a positively sloped tax rate-tax revenue relationship, or if a negatively sloped region were not in the relevant tax rate range, the existence of a lagged private sector response to tax rate change that exceeds the relevant time horizon for political decision makers is...

Do Oil Companies acquire Alternative Energy Patents to limit Technological Innovation, in order to maintain Economic Advantage in Fossil FuelsbyGeorge G. SimsRoger N. Waud, ChairmanEconomics(Abstract)This paper addresses the charge made by environmental groups that oil companies, since the...

The demand for consumer credit is an area of economics that is of great interest to those in the lending community. While much research has been performed on this topic in the financial industry, the findings have been very closely guarded for competitive reasons. In this study, reduced form...

This thesis tests the hypothesis that the qualities of different forecasts of exchange rate volatility depend on the underlying exchange rate regime. By examining the British pound during and after its withdrawal from the European Monetary System (EMS), this analysis compares "backward-looking"...