{"product_id":"study-of-disaster-risk-models-von-iwona-lewicka","title":"Study of disaster risk models","description":"\u003cp\u003eRecent studies tried to explain puzzles in asset pricing theory within a frame of disaster models. In my study I examine baseline parameters like probability of disaster and disaster size and try to make a better estimate for both of them. Furthermore I imply a standard constant probability disaster model for blocks of developed and less developed economies to challenge if disaster models can explain different equity premium rates and risk-free rates in different economies. I found that a constant probability disaster model cannot explain simultaneously high equity premiums and low risk-free rates even if I use a sample of split data for developed and less developed economies.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9786202224468\"\u003e\u003ch3\u003eacross blocks of developed and less-developed countries\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9786202224468","offer_id":40150073475165,"sku":"9786202224468","price":39.9,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/c415d4a2-5395-4048-9f74-51ed4d437025.jpg?v=1776499247","url":"https:\/\/shop.autorenwelt.de\/products\/study-of-disaster-risk-models-von-iwona-lewicka","provider":"Autorenwelt Shop","version":"1.0","type":"link"}