SMU Office of Research & Tech Transfer – Pareto efficiency, as defined by the Organisation for Economic Co-operation and Development (OECD), “occurs when resources are so allocated that it is not ...

This article develops an intertemporal, discrete-time, competitive equilibrium version of the arbitrage pricing theory (APT) and explores the econometric implications of this model under various ...

We here estimate a number of alternatives to discounted-utility theory, such as quasi-hyperbolic discounting, generalized hyperbolic discounting, and rank-dependent discounted utility with three ...

A shift in how financial advisors structure client portfolios will drive asset allocation model portfolios to a new $2.9 trillion asset milestone by 2026, predicts a new report from Cerulli Associates ...

Julien Chevallier (EconomiX - CNRS : UMR7166 - Université de Paris X - Nanterre) has a new working paper on Intertemporal Emissions Trading and Allocation Rules: Gainers, Losers and the Spectre of ...