Add to ORKGRecent research suggests that the power law is one of the most universal laws in nature and it also seems to work quite fine in economics and finance. In this paper we show that the power law explains extremely well the relationship between the value of broad-based market indices and their dividends. We also show that this relationship is consistent with declining relative risk aversion of the representative investor. Hence, the power law has a solid economic foundation
Abstract. To explore the emergence of power laws in social and economic phenomena, the authors discu...
We provide evidence suggesting that the cross-sectional distributions of US consumption and its grow...
In this paper I examine the relationship between the strength of creditor rights, their enforcement,...
Recent research suggests that the power law is one of the most universal laws in nature and it also ...
A power law (PL) is the form taken by a large number of surprising empirical regularities in economi...
Many of the insights of economics seem to be qualitative, with many fewer reliable quantitative laws...
first approach is mainly phenomenological, whereas the second relys on rather sophisticated mechanis...
We discuss several models in order to shed light on the origin of power-law distributions and power-...
This paper posits that the relevance and indeed the assumptions of the dividends cost minimization m...
Financial markets (share markets, foreign exchange markets and others) are all characterized by a nu...
We use data on wealth of the richest persons taken from the “rich lists ” provided by business magaz...
To explore the emergence of power laws in social and economic phenomena, the authors discuss the mec...
This paper examines the agency model of dividends where the importance of dividends depends on the l...
Background: Investors around the globe have debated, for more than 40 years, about whether the divid...
In this paper, we study the theoretical relationship between dividend policy and risk, in an interte...
Abstract. To explore the emergence of power laws in social and economic phenomena, the authors discu...
We provide evidence suggesting that the cross-sectional distributions of US consumption and its grow...
In this paper I examine the relationship between the strength of creditor rights, their enforcement,...
Recent research suggests that the power law is one of the most universal laws in nature and it also ...
A power law (PL) is the form taken by a large number of surprising empirical regularities in economi...
Many of the insights of economics seem to be qualitative, with many fewer reliable quantitative laws...
first approach is mainly phenomenological, whereas the second relys on rather sophisticated mechanis...
We discuss several models in order to shed light on the origin of power-law distributions and power-...
This paper posits that the relevance and indeed the assumptions of the dividends cost minimization m...
Financial markets (share markets, foreign exchange markets and others) are all characterized by a nu...
We use data on wealth of the richest persons taken from the “rich lists ” provided by business magaz...
To explore the emergence of power laws in social and economic phenomena, the authors discuss the mec...
This paper examines the agency model of dividends where the importance of dividends depends on the l...
Background: Investors around the globe have debated, for more than 40 years, about whether the divid...
In this paper, we study the theoretical relationship between dividend policy and risk, in an interte...
Abstract. To explore the emergence of power laws in social and economic phenomena, the authors discu...
We provide evidence suggesting that the cross-sectional distributions of US consumption and its grow...
In this paper I examine the relationship between the strength of creditor rights, their enforcement,...