منابع مشابه
The Cost of Capital for Alternative Investments
This paper studies the cost of capital for alternative investments. We document that the risk profile of the aggregate hedge fund universe can be accurately matched by a simple index put option writing strategy that offers monthly liquidity and complete transparency over its state-contingent payoffs. The contractual nature of the put options in the benchmark portfolio allows us to evaluate appr...
متن کاملSunk-Cost Effects on Purely Behavioral Investments
Although the sunk-cost effect is a well-documented psychological phenomenon in monetary investments, existing literature investigating behavioral investments (e.g., time, effort) has not replicated this effect except when such investments relate to monetary values. The current explanation for this discrepancy proposes that purely behavioral sunk-cost effects are unlikely to be observed because ...
متن کاملThe Cost–Benefit Models for RFID Investments
RFID technology does not require line of sight and provides fast and accurate reading from a great distance without human intervention. Albeit RFID is superior to other identification systems, such as barcode, complicated cost and benefit structure inhibits worldwide adoption. As a response, there is a wide range of cost–benefit models used by both industry and academy. The aim of this chapter ...
متن کاملCost based interconnection charges , competition and investments *
The objective of this paper is to analyse the relationship between regulation of interconnection charges and the level of competition and investments. One of the most important issues in the debate on interconnect regulation has been use of forward looking costs for setting of interconnection charges. This debate has been ongoing within the EU as well as in US. This paper discusses the European...
متن کاملThe Cost of Uncertain Life Span.
A considerable amount of uncertainty surrounds the length of human life. The standard deviation in adult life span is about 15 years in the U.S., and theory and evidence suggest it is costly. I calibrate a utility-theoretic model of preferences over length of life and show that one fewer year in standard deviation is worth about half a mean life year. Differences in the standard deviation exace...
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ژورنال
عنوان ژورنال: Journal of Financial Economics
سال: 1993
ISSN: 0304-405X
DOI: 10.1016/0304-405x(93)90040-i