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The Apple-Cinnamon Cheerios War:Valuing New Goods,Identifying Market Power,and Economic Measurement
Apple-Cinnamon Cheerios War Valuing New Goods Identifying Market Power Economic Measurement
2015/7/15
The contribution of new goods to economic welfare is a first order question for understanding the growth of modern economies. New attention to this question has improved both our understanding of the ...
The Bellman Equation for Power Utility Maximization with Semimartingales
The Bellman Equation for Power Semimartingales
2010/11/3
The Bellman Equation for Power Utility Maximization with Semimartingales.
Universal Correlations and Power-Law Tails in Financial Covariance Matrices
Universal Correlations Power-Law Tails Financial Covariance Matrices
2010/11/1
Signatures of universality are detected by comparing individual eigenvalue distributions and level spacings from financial covariance matrices to random matrix predictions. A chopping procedure is dev...
Estimating discriminatory power and PD curves when the number of defaults is small
Estimating discriminatory power PD curves defaults
2010/11/1
The intention with this paper is to provide all the estimation concepts and techniques that
are needed to implement a two-phases approach to the parametric estimation of probability
of default (PD) ...