This paper treats the risk-averse optimal portfolio problem with consumption in continuous time with a stochastic-volatility, jump-diffusion (SVJD) model of the underlying risky asset and the volatility. The new developments are the use of the SVJD model with double-uniform jumpamplitude distributions and time-varying market parameters for the optimal portfolio problem. Although unlimited borro...

Recent researches on stock market volatility have found considerable empirical evidence for the persistence of variance in stock market returns. The ARCH and unit root models in different versions analysed by Engle and Bollerslev (1986), Schwert (1989) and Nelson (1991) have usually discussed the conditional variance process as a function of lagged variance, where the skewness of the return dis...

Contraceptive use in Senegal is among the lowest in the world and has barely increased over the past 5 years, from 10% of married women in 2005 to 12% in 2011. Contraceptive stockouts in public facilities, where 85% of women access family planning services, are common. In 2011, we conducted a supply chain study of 33 public-sector facilities in Pikine and Guediawaye districts of the Dakar regio...

Severe soil organic carbon (SOC) depletion is a major constraint in rainfed agroecosystems in India because it directly influences soil quality, crop productivity and sustainability. The magnitude of soil organic, inorganic and total carbon stocks in the semi-arid bioclimate is estimated at 2.9, 1.9 and 4.8 Pg respectively. Sorghum, finger millet, pearl millet, maize, rice, groundnut, soybean, ...

Grafting, an old plant propagation practice, is still widely used with fruit trees and in recent decades also with vegetables. Taxonomic proximity is a general prerequisite for successful graft-take and long-term survival of the grafted, composite plant. However, the mechanisms underlying interspecific graft incompatibility are as yet insufficiently understood. Hormonal signals, auxin in partic...

What return should you expect when you take on a given amount of risk? How should that return depend upon other people’s behaviour? What principles can you use to answer these questions? In this paper, I approach these topics by exploring the consequences of two simple hypotheses about risk. The first is a common-sense invariance principle: assets with the same perceived risk must have the same...

Stock market is affected by news and information. If the stock market is not efficient, the reaction of stock price to news and information will place the stock market in overreaction and under-reaction states. Many models have been already presented by using different tools and techniques to forecast the stock market behavior. In this study, the reaction of stock price in the stock market was ...

today, stock investment has become an important mean of national finance. apparently, it is significant for investors to estimate the stock price and select the trading chance accurately in advance, which will bring high return to stockholders. in the past, long-term trading processes and many technical analysis methods for stock market were put forward. however, stock market is a nonlinear sys...

The aim of this study was to investigate the asymmetric effects of exchange rate fluctuations on Stock index of Tehran Stock Exchange. For this purpose, we first calculated the exchange rate fluctuations using model General Autoregressive Conditional Heteroskedastic (GARCH), and then the effect of these fluctuations on the Stock index of Tehran Stock Exchange was estimated using the Generalized...