THE COST OF ALTERNATIVE SETTLEMENT PATTERNS

An Analysis of Systemic Risk in Alternative Securities Settlement Architectures

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Middle Bronze Age Settlement Patterns in the Western Galilee, Israel

Aharon Kempinski and Wolf-Dietrich Niemeier excavated Tel Kabri, in the western Galilee region of Israel (fig. 1), in the late 1980s and early 1990s (Kempinski, Scheftelowitz, and Oren 2002). They found that during the Middle Bronze Age (MB) II period (ca. 1750–1600 b.c.) the site had been the center of a strong coastal polity. In size and importance, it may have been second only to Hazor in th...

The Social Cost of Carbon in Iran: Concepts and Results from the DICE-2016R Model and Alternative Approaches

The purpose of this paper is to study The social cost of carbon (SCC) is an important concept for understanding and implementing climate change policies, In Iran using economic data of the time period (1390-1395). This term represents the economic cost caused by an additional ton of carbon dioxide emissions or its equivalent. In this study three approaches to investigate and compare the result...

The Cost of Capital for Alternative Investments

This paper studies the cost of capital for alternative investments. We document that the risk profile of the aggregate hedge fund universe can be accurately matched by a simple index put option writing strategy that offers monthly liquidity and complete transparency over its state-contingent payoffs. The contractual nature of the put options in the benchmark portfolio allows us to evaluate appr...

The Agency Cost of Alternative Debt Instruments