کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5068937 | 1373019 | 2010 | 16 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Valuing medieval annuities: Were corrodies underpriced?
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موضوعات مرتبط
علوم انسانی و اجتماعی
علوم انسانی و هنر
تاریخ
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چکیده انگلیسی
Medieval bishops condemned and restricted the sale of corrodies (a type of annuity), partly on the grounds of their perceived unprofitability. The available data on the profitability of corrodies is limited and little analysed, and the episcopal condemnation of corrodies has been adopted by modern researchers. After recognising the difficulties, this paper applies an annuity pricing model to study corrody pricing. Given various assumptions, contrary to the established view, it is argued that the sale of corrodies was financially profitable for institutions. Finally, some reasons are considered for the negative attitude of contemporary and historical opinion towards the sale of corrodies.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Explorations in Economic History - Volume 47, Issue 2, April 2010, Pages 142-157
Journal: Explorations in Economic History - Volume 47, Issue 2, April 2010, Pages 142-157
نویسندگان
Adrian Bell, Charles Sutcliffe,