Using trout producer survey data and the contingent valuation method, we estimate willingness to pay for a potential insurance policy. The survey was conducted in 2005 across the United States; 268 producers completed the survey instrument, resulting in a response rate of 81 percent. Design of the contingent valuation method takes into account two coverage levels and four premium rates. Using s...

This paper uses a general equilibrium model to study the source and reward of asymmetric volatility or skewness of market returns in an exchange economy. In particular, the dividend growth rate is modeled as a stochastic volatility process and the representative agent is characterized by Epstein-Zin preferences. The equilibrium equity premium, risk-free rate, and asymmetric volatility (measured...

This paper studies foreign exchange risk premium using the uncovered interest rate parity framework in a single country context. The analysis is performed using weekly data on foreign and domestic currency deposits in Armenian banking system. The paper provides the results of the simple tests of uncovered interest parity condition, which indicate that contrary to established view dominating in ...

Sex workers draw a premium for engaging in unprotected sex. We theoretically motivate a test of whether this premium represents a compensating differential for disease, thereby mitigating sex workers’ propensity to use condoms. Using transactionlevel data and biological STI markers from sex workers in Ecuador, we exploit withinworker variation across local disease environments. We fi nd that lo...

This paper discusses the conditions under which a risk premium is incorporated in the forward exchange rate. A new condition for the existence of a risk premium is proposed. We show that earlier models of the risk premium, which emphasize either the role of net foreign investment or of the relative supplies of ‘outside* assets, are not suited for assessing the effects of changes in macroeconomi...

In present study, directly compressed controlled released matrix tablets of Diltiazem Hydrochloride were formulated at drug-to-polymer ratios (D: P) of 10:1, 10:2, 10:3 using polymers Ethocel 45 Premium, K100 LV Methocel, K15M EP Premium Methocel as rate controlling agents. In some formulations of Diltiazem hydrochloride and Ethocel 45 Premium matrices, 30% of filler was replaced by Co-excipien...