... with price risk. Furthermore, the premiums charged for such airfare price insurance contracts can augment airline carrier revenues. Design/methodology/approach Prices on 14 airfares were collected for 79 consecutive days on an assortment of US domestic and international flights from four airline carriers...

...Michael R. Powers Purpose The purpose of this paper is to explore the theoretical basis for heavy‐tailed asset‐return distributions. Design/methodology/approach Through a simple model of asset‐price formation, one can formulate the asset‐return random variable, ln...

... that a future direction for risk management practice may be to utilize such measures, while more generally it is hoped that such approaches may improve the cross‐fertilization of ideas and practice between the academic and practitioner communities. Prices Forecasting Risk management Forecasting...