To estimate real estate values, a complex valuation model based on artificial neural network (ANN) has been established as successful means in modern machine learning research, specifically when high-dimensional data are available. Unfortunately, the many locations, such Thailand, quite limited terms of features. Hence, it becomes mandatory to reduce complexity using feature selection technique...

The fair valuation of complex financial products for credit risk transfer (CRT) can provide a good basis for sustained growth of these markets and their recovery after the current financial crisis. Therefore, the risks of these structured credit securities (such as Collateralized Debt Obligations (CDO) and Credit Default Swap-Index tranches) have to be known as well as the investor’s current ri...

This paper approaches first and second-price sealed-bid auctions as initial stages in a multi-stage game. In this setting, bidding reveals information about the bidder’s valuation, and could impact payoffs and revenues in future stages. This formulation provides a quantitative privacy model, where privacy cost is the economic disadvantage, to the bidder, of the information leakage. The paper st...

return and volatility spillovers are important for portfolio selection, asset valuation and market efficiency investigation. using a var-bekk framework model, this paper investigates return and volatility spillover effects between three size-sorted equity indices in tehran stock exchange (tse). although daily return of large stocks leads small stocks (lead-lag effect), there wasn’t any spillove...

A buyer and seller alternate making offers until an offer is accepted or someone terminates negotiations. The seller's valuation is common knowledge, but the buyer's valuation is known only by the buyer. Impatience to reach an agreement comes from two sources: the traders discount future payoffs and there are transaction costs of bargaining. Equilibrium behavior involves either immediate trade,...

In a Markovian stochastic volatility model, we consider financial agents whose investment criteria are modelled by forward exponential performance processes. The problem of contingent claim indifference valuation is first addressed and a number of properties are proved and discussed. Special attention is given to the comparison between the forward exponential and the backward exponential utilit...

Meta-analysis has increasingly been used to synthesise the environmental valuation literature, but only a few test the use of these analyses for benefit transfer. These are typically based on national studies only. However, meta-analyses of valuation studies across countries are a potentially powerful tool for benefit transfer, especially for environmental goods where the domestic literature is...

We examine consumers' brand choice behavior on over-the-counter drugs in a discrete choice model with learning while accounting for valuation carryover and unobserved heterogeneity. The model we employ allows us to separate the effect of concurrent marketing promotions from the impact of perceived product quality valuation accrued through past experiences with the drug. Further, it lets us iden...