We study multi-period equilibrium asset pricing in an economy with EZ-agents whose preferences for consumption are represented by recursive utility and with LAagents who experience additional utility of trading gains and losses and are averse to losses. We propose an equilibrium gain-loss ratio for stocks and show that the LAagents hold less (more) stocks than the EZ-agents if and only if the L...

Are concerns about labor market competition a powerful source of anti-immigrant sentiment? Several prominent studies have examined survey data on voters and concluded that fears about the negative effects of immigration on wages and employment play a major role generating anti-immigrant attitudes. We examine new data from a targeted survey of U.S. employees in 12 different industries. In contra...

siderably in the social sciences, particularly in economics, political science, and law (e.g., Morrow 1994; Posner 1998; Sunstein 1999). In sociology, especially with the popularity of social capital theory, rational choice has gained traction as an individual-level theory of motivation compatible with macro-level theories of social structure (Coleman 1990). Nevertheless, skepticism in sociolog...

OBJECTIVE The aim of the study was to determine the association between dietary outcomes and the neighbourhood food environment (street network distance from home to stores) and consumer food environment (Nutrition Environment Measurement Survey-Stores (NEMS-S) audit). DESIGN The neighbourhood food environment was captured by creating 0?5-mile and 1-mile network distance (street distance) aro...

Unemployment rates in countries across the world are typically positively correlated with GDP. China is an unusual outlier from the pattern, with abnormally low, and suspiciously stable, unemployment rates according to its official statistics. This paper calculates, for the first time, China’s unemployment rate from 1988 to 2009 using a more reliable, nationally representative household survey ...

Assessment Of Aesthetic Quality Of Urban Green Space From The User’s Perspective In Sustainable Urban Regeneration Approach Of Historic Core Of Tehran: (The Case Of Compare Between Bab Homayon Street And Imam Khomeini Street)

pedestrians and shoppers. Changes during the past decade in the surrounding mixed-use district have created an impetus for street redesign. At the northern end of the district, a popular local food market expanded into larger quarters, greatly increasing the number of customers it serves. Several cafes have opened near the Berkeley–Emeryville border of the district and have attracted a large lo...

We use a standard single-agent model to conduct a simple consumption growth accounting exercise. Consumption growth is driven by news about current and expected future returns on the market portfolio. The market portfolio includes financial and human wealth. We impute the residual of consumption growth innovations that cannot be attributed to either news about financial asset returns or future ...

In real estate valuation techniques and housing market research, prices are often analyzed using The Hedonic model based on factors that affect prices. shows the determinants of in Hanoi this article use 240 observations. variables have greatest influence location property, area land, house, distance from property to city center, street frontage.