This paper models the demand for assets and liabilities by a life insurers. As one step toward the implementation of a utility-dependent portfolio methodology, the paper empirically estimates a family ...

Every good investment idea has a flaw yet to be identified. With commodity ETFs, it’s contango – future prices that are worth more than today’s spot price. An ETF that rolls over three-month futures ...

This is a preview. Log in through your library . Abstract In conjoint analysis, a consumer's utility function for a continuous attribute is usually estimated using a part worth function. However, one ...