A Scalar Parameterized Mechanism for Two-Sided Markets. (arXiv:2003.01206v1...
We consider a market in which both suppliers and consumers compete for a product via scalar-parameterized supply offers and demand bids. Scalar-parameterized offers/bids are appealing due to their...
View ArticleClik here to view.
Coronavirus puts the world economy in its most precarious position since 2008
Covid-19 (coronavirus) hit China at the start of December and outbreaks have spread more widely. The virus is bringing considerable human pain. It is also resulting in significant economic disruption...
View ArticleClik here to view.
Are we becoming digital slaves? Why online ‘privacy’ is a misnomer
There is something odd about calling the misuse of personal data online a privacy âissueâ. We need âprivacyâ when we undress or talk to our loved ones; itâs about feelings like shyness and...
View ArticleShortfall aversion
Abstract Shortfall aversion reflects the higher utility loss of spending cuts from a reference than the utility gain from similar spending increases. Inspired by Prospect Theory's loss aversion and...
View ArticleDividend policy and capital structure of a defaultable firm
Abstract Default risk significantly affects the corporate policies of a firm. We develop a model in which a limited liability entity subject to default at an exponential random time jointly sets its...
View ArticleEditorial for EJF special edition policy actions & stability
Volume 26, Issue 7-8, May 2020, Page 585-588.
View ArticleEight charts on how coronavirus has hit the global economy
#Coronavirus: Eight charts on how it has shaken economies https://t.co/qP8AfrO1EQ â moneyscience (@moneyscience) March 4, 2020
View ArticleBiofuels and Deforestation: A CSR/ESG Cautionary Tale
The Republic of France, in March 2019, decided that it would no longer consider fuel made from palm oil to be a âbiofuel,â effective as of January 2020. So that redefinition is now in effect....
View ArticleClimate: The ‘OUR’ Between Dog and Wolf
By Bill Kelly, CEO, CAIA Association While this weekâs post may harken to a certain book written by John Coates, there is a different play on the metaphor at work here, with our wheezing planet...
View ArticleLessons from CAIS 2020
John Bowman, CFA, Senior Managing Director at CAIA Association âYouâre a kite dancing in a hurricane, Mr. Bond.â (Mr. White to 007, Spectre) Despite the crystal blue island water, softly rolling...
View ArticleThe Perils of Late-Cycle Investing
It is widely believed that much of the world is now experiencing the late stages of a bull market. There will be a downturn because no tree grows to the sky. Forecasting the nature and severity of the...
View ArticleMaking Your Portfolio About #Goals
By Aaron Filbeck, CFA, CAIA, CIPM, Associate Director, Content Development at CAIA Association Central Issue of the Paper If youâre a social media junkie, you have probably seen â#goalsâ in your...
View ArticleBig Data is a Big Deal
By Keith Black, PhD, CFA, CAIA, FDP, Managing Director of Content Strategy, CAIA Association CAIAâs second webinar starring the authors of papers that are required readings for the FDP exam featured...
View ArticleThe Future of Hedge Fund Fees
We can, in a speculative mood, ask ourselves, âWill hedge fund fees continue to drop or have they reached an equilibrium after the decline of recent years?â But it would be better to ask instead...
View ArticleAlpha Comes in Waves
The brief history of replication funds may already be divided into three waves, the third of which is still in formation. The first wave was about democratization: putting hedge fund strategies in the...
View ArticleIf You Don’t Want ‘Bragging Rights’ You Can Get Alpha Done
The quarterly investor report of VCapital Management Company looks at the opportunities for attractive returns for investors regardless of the cloudy economic conditions of 2020. It argues that alpha...
View Article