Downside deviation, semivariance, or the second lower partial moment are different names for the same risk measure, proposed in the literature for capturing the downside risk of investment decisions. This paper analyzes multiperiod decision making under such a risk measure, and finds that a V-shaped decision rule in wealth is prevalent for the most common assumptions on the distribution of unce...

Building on Tangcharoensathien and colleagues’ description of four tactics used by the tobacco, alcohol, processed food, and breast milk substitute industries to interfere with the development and implementation of health policies, we present a fifth tactic: trade and investment disputes. We describe recent examples of trade and investment claims filed by the tobacco in...

In this study, we apply an integrated land use and transportation model, the Sacramento MEPLAN model, to evaluate transit investment alternatives combined with supportive land use policies and pricing polices in the Sacramento region. Highway investment alternatives are simulated as well for purposes of comparison. The application of the Sacramento MEPLAN model is relatively advanced because th...

In this study, we apply an integrated land use and transportation model, the Sacramento MEPLAN model, to evaluate transit investment alternatives combined with supportive land use policies and pricing polices in the Sacramento region. Highway investment alternatives are simulated as well for purposes of comparison. The application of the Sacramento MEPLAN model is relatively advanced because th...

We study a sample of diversified firms that alter their organizational structure by divesting an entire business segment, primarily through asset sales. These firms experience a substantial reduction in the diversification discount after the divestiture. Investment in the firm’s ongoing segments is more sensitive to their imputed market to book ratio. We show that the efficiency of segment inve...