Negative risk? a comment on Khan and Fiorino. (response to A. Khan and Donald P. Fiorino, The Engineering Economist, vol. 37, no. 2, p. 145) (Technical Note): An article from: Engineering Economist
Book Details
Author(s)Irwin Bernhardt
ISBN / ASINB00092WRIC
ISBN-13978B00092WRI3
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This digital document is an article from Engineering Economist, published by Institute of Industrial Engineers, Inc. (IIE) on March 22, 1994. The length of the article is 1872 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the author: In a previous paper Khan and Fiorino analyzed four energy saving projects. They found that use of the Capital Asset Pricing model to account for risk implied that the projects' required rates of return were less than the return on riskless assets. Effectively the projects had negative risk. These negatively with macro economic activity. The current paper has two objectives: (1) to show that cases of negative risk are rare and unimportant, and (2) to show that the assumption of negative covariance between energy price and the level of economic activity is incorrect.
Citation Details
Title: Negative risk? a comment on Khan and Fiorino. (response to A. Khan and Donald P. Fiorino, The Engineering Economist, vol. 37, no. 2, p. 145) (Technical Note)
Author: Irwin Bernhardt
Publication:Engineering Economist (Refereed)
Date: March 22, 1994
Publisher: Institute of Industrial Engineers, Inc. (IIE)
Volume: v39 Issue: n3 Page: p281(5)
Distributed by Thomson Gale
From the author: In a previous paper Khan and Fiorino analyzed four energy saving projects. They found that use of the Capital Asset Pricing model to account for risk implied that the projects' required rates of return were less than the return on riskless assets. Effectively the projects had negative risk. These negatively with macro economic activity. The current paper has two objectives: (1) to show that cases of negative risk are rare and unimportant, and (2) to show that the assumption of negative covariance between energy price and the level of economic activity is incorrect.
Citation Details
Title: Negative risk? a comment on Khan and Fiorino. (response to A. Khan and Donald P. Fiorino, The Engineering Economist, vol. 37, no. 2, p. 145) (Technical Note)
Author: Irwin Bernhardt
Publication:Engineering Economist (Refereed)
Date: March 22, 1994
Publisher: Institute of Industrial Engineers, Inc. (IIE)
Volume: v39 Issue: n3 Page: p281(5)
Distributed by Thomson Gale
