We develop a model of regime-switching risk premia as well as regime-dependent factor risk premia to price real options. The model incorporates the observation that the underlying risky income streams of real options are ...

Uma das principais características dos ativos financeiros é a mudança de regime. Os preços dos ativos apresentam pouca variabilidade nos períodos de normalidade e possuem quedas inesperadas e são instáveis nos períodos de ...

This paper tests for long-run output convergence between a sample of eight Latin American countries and over the study period 1900-2003. The key contribution of this paper is in terms of the econometric methodology ...

We discuss the thermal dependence of the zero-bias electrical conductance for a quantum dot embedded in a quantum wire, or side-coupled to it. In the Kondo regime, the temperature-dependent conductances map linearly onto ...

We discuss the thermal dependence of the zero-bias electrical conductance for a quantum dot embedded in a quantum wire, or side-coupled to it. In the Kondo regime, the temperature-dependent conductances map linearly onto ...

While ectothermic organisms often experience considerable circadian variation in body temperature under natural conditions, the study of the effects of temperature on metabolic rates are traditionally based on subjecting ...