This study examines buyers and nonbuyers of long-term care insurance. The findings show that consumers purchased more comprehensive products in 1994-95 than they did in 1990, and that they appeared to get better value for the premium dollar. While annual sales are increasing at a rate of 25%, the market for long-term care insurance remains small, and many of the market barriers that existed fou...

resources for road infrastructure financing but also many other countries have been affected in relation to the impact of global financial crisis. In this context, we are talking about the so-called short-investment problem as a result of long-term lack of investment resources. Based on an analysis of road infrastructure funding system in the Czech Republic this article proposes a long-term pla...

This paper examines how asset risk impacts corporate investment and financing decisions. We derive a general model that incorporates risk, adjustment cost, and depreciation features of assets-in-place into investment decisions. The model suggests that the risk and adjustment cost of assets-in-place reduce both corporate investment and financing. We empirically test the model in a panel of US fi...

In this paper, I focus on a phenomenon that has not received much attention in the literature, namely that the mere expectation of foreign direct investment (FDI) incentivizes long-maturity investment projects by domestic residents, and a Sudden Stop when expectations are frustrated. Long-maturity investment projects enhance productivity but increase the economy’s vulnerability to Sudden Stop. ...

The development of new technologies has confronted the entire domain of science and industry with issues of big data's scalability as well as its integration with the purpose of forecasting analytics in its life cycle. In predictive analytics, the forecast of near-future and recent past - or in other words, the now-casting - is the continuous study of real-time events and constantly updated whe...

Although the finance literature has devoted a lot of research into development advanced models for improving pricing and hedging performance, there been much less emphasis on approaches to measure dynamic effectiveness. This article discusses statistical framework based regression analysis effectiveness hedges long-term investment guarantees. The importance taking model risk account is emphasiz...

We consider a long-term time optimal consumption and investment problem where an investor wants to maximize the expected power utility of consumption. treat stochastic factor model that mean returns risky assets depend linearly on underlying economic factors formulated as solutions linear differential equations. also partial information case can not observe process use only past assets. Then, o...

In this paper we present a four-level market model that accounts for airport capacity extension, fleet investment, aircraft scheduling, and ticket trade. In particular, budget-constrained airports decide on the first level on their optimal runway capacity extension and on a corresponding airport charge. Airports anticipate optimal long-term fleet investment of airlines on the second level, opti...