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	Provedor de dados AgEcon (2) Autor Benitez, Pablo C. (1) Kuosmanen, Timo (1) Masset, Philippe (1) Olschewski, Roland (1) Weisskopf, Jean-Philippe (1) van Kooten, G. Cornelis (1) Mais... Palavra-chave Portfolio diversification (2) Agroforest systems (1) Alternative assets (1) C73 (1) Conditional CAPM (1) Conservation payments (1) Environmental Economics and Policy (1) Financial Economics (1) Financial contagion (1) Land Economics/Use (1) Land allocation (1) O54 (1) Q23 (1) Q57 (1) R14 (1) Resource /Energy Economics and Policy (1) Risk (1) Risk and Uncertainty (1) Stochastic dominance (1) Wine (1) Mais... Tipo do documento Working or Discussion Paper (2) Ano 2010 (1) 2005 (1) País United States (2) Idioma Inglês (2)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 2 Primeira ... 1 ... Última RAISE YOUR GLASS: WINE INVESTMENT AND THE FINANCIAL CRISIS AgEcon Masset, Philippe; Weisskopf, Jean-Philippe. This paper uses auction hammer prices over the period 1996-2009, with a special emphasis on periods of economic downturns, to examine risk, return and diversification benefits of fine wine. Our research shows evidence that the wine market is heterogeneous with wine regions and price categories evolving differently in terms of volume and turnover. We construct wine indices for various wine regions and prices using repeat-sales regressions and find out that fine wine yields higher returns and has a lower volatility compared to stocks especially in times of economic crises. Forming portfolios for typical investors and taking risk aversion, different financial assets and various wine indices into consideration we confirm that the addition of wine to a... Tipo: Working or Discussion Paper Palavras-chave: Wine; Alternative assets; Financial contagion; Portfolio diversification; Conditional CAPM; Financial Economics; Risk and Uncertainty. Ano: 2010 URL: http://purl.umn.edu/90484 Conservation Payments under Risk: A Stochastic Dominance Approach AgEcon Benitez, Pablo C.; Kuosmanen, Timo; Olschewski, Roland; van Kooten, G. Cornelis. Updated version of REPA Working Paper 2004-05. Tipo: Working or Discussion Paper Palavras-chave: Agroforest systems; Conservation payments; Land allocation; Portfolio diversification; Risk; Stochastic dominance; Environmental Economics and Policy; Land Economics/Use; Resource /Energy Economics and Policy; C73; O54; Q23; Q57; R14. Ano: 2005 URL: http://purl.umn.edu/37024 Registros recuperados: 2 Primeira ... 1 ... Última

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