Uncertainty Measures and Sector-Specific REITs in a Regime-Switching Environment

Investment under Ambiguity and Regime-Switching Environment

We consider all or nothing investment problem with a finite time horizon when the investment opportunity set is changing stochastically over time, especially under Markovian regime-switching environment, and a decision maker faces ambiguity of parameters governing profit flow dynamics of the investment. We apply α-Maxmin Expected Utility(α-MEU) preferences to reflect the ambiguity seeking attit...

Soil water regime and water concervation efficiency in a non-irrigated semi-arid environment

Ayatollah Golpayegani's Stances and Measures toward Policies of Pahlavi Regime

The current article tries to study Ayatollah Golpayegani's declarations+ and stances toward the policies of Pahlavi regime and relations with its agents. Taking ayatollah's political thought i.e. his belief in general welayat-e faqih into consideration, the main concern of this article is to find reasons behind his different behaviors to confront with Pahlavi regime in different stages. What ca...

Context-specific Measures of Cctv Effectiveness in the Retail Sector

This study reports a research project that explored the effectiveness of closed circuit television (CCTV) as a primary crime prevention measure directed against staff and customer theft in the retail clothing sector. It demonstrates the usefulness of a strong before-andafter research design, as well as the benefits of using different measures for different purposes, including loss measured as a...

Non-Linear Relationships Among Oil Price, Gold Price and Stock Market Returns in Iran: A Multivariate Regime-Switching Approach

In this paper, the effects of oil and gold prices on stock market index are investigated. We use a cointegrated vector autoregressive Markov-switching model to examine the nonlinear properties of these three variables during the period of January 2003 - December 2014. The Markov-switching vector-equilibrium-correction model with three regimes representing "deep recession", "mild recession" and ...