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Full-Text Articles in Economic Theory
The Fundamental And Non-Fundamental Components Of Stock Prices: The Role Of Time-Varying Expected Inflation, Maosen Zhong
The Fundamental And Non-Fundamental Components Of Stock Prices: The Role Of Time-Varying Expected Inflation, Maosen Zhong
Doctoral Dissertations
I derive testable implications of fundamental and non-fundamental components of stock prices. In order to control for the role of time-varying expected inflation and to be able to perform reasonable empirical tests, I use a nominal (rather than a real) interpretation of the present-value model (PVM), whereby nominal interest rates approximate expected inflation. I conjecture that the fundamental and non-fundamental components represent the permanent and temporary components of stock prices, respectively. A series of cointegration analysis over the annual period 1871–1997 confirms my conjecture for the model with time-varying expected inflation. Various fundamental and non-fundamental exclusion tests indicate that both …
Internet Resource Management And Pricing, Christopher J. Clark
Internet Resource Management And Pricing, Christopher J. Clark
Theses : Honours
Originally conceived and funded as a research project, the Internet has grown into a commercial, global and integrated service network. This has changed the nature of traffic on the Internet with the increasing use of things like video conferencing and time critical transactions. These forms of Internet usage place high demands on bandwidth. Added to this is the fact that the number of users is increasing at a dramatic rate and shows no signs of slowing. This is leading to a 'tragedy of the commons' where endemic congestion will reduce the value of the Internet to everyone. It also implies …
Bourdieu's Concept Of Social Capital : An Examination Of His Broader Theoretical Framework And The Concept's Applications And Implications For Australian Social Policy, Dawn Marie Atkin
Theses : Honours
The concept of social capital is investigated in this thesis both in its theoretical and potential social policy environment Pierre Bourdicu 's 'Theory of Practice' provides the theoretical frame within which this concept is investigated. A variety of texts, with a particular focus on Australian publications, provide the basis for further application analysis. This is primarily a textual research therefore data gathering procedures were library based. Being a theoretical analysis of the current status of social capital, as it relates to prospective social policy reform in Australia, this thesis both collates and contributes to a body of knowledge regarding the …