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Competitive pricing and product strategies in the presence of consumers' social comparisons

Zhang, Ting; Choi, Tsan-Ming; Cheng, T. C. E. - In: European journal of operational research : EJOR 312 (2024) 2, pp. 573-586

Persistent link: https://www.econbiz.de/10014456304

How responsive should a firm be to customers' expectations?

Fruchter, Gila E.; Wiszniewska-Matyszkiel, Agnieszka - In: European journal of operational research : EJOR 314 (2024) 1, pp. 323-339

Persistent link: https://www.econbiz.de/10014456862

Consumer price adjustment under the microscope : Germany in a period of low inflation

Hoffmann, Johannes (contributor); … - 2006

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price … data from the German Consumer Price Index which covers the years 1998 to 2003. We strong find evidence of time- and state …-dependent price adjustment. Most importantly, the differences in unconditionalʺ sectoral price flexibility are found to be linked to …

Persistent link: https://www.econbiz.de/10003339174

Measuring business sector concentration by an infection model

Düllmann, Klaus (contributor) - 2006

Results from portfolio models for credit risk tell us that loan concentration in certain industry sectors can substantially increase the value-at-risk (VaR). The purpose of this paper is to analyze whether a tractable infection modelʺ can provide a meaningful estimate of the impact of...

Persistent link: https://www.econbiz.de/10003326735

Bond pricing when the short term interest rate follows a threshold process

Lemke, Wolfgang (contributor); … - 2006

Using a stochastic discount factor approach, we derive the exact solution for arbitrage-free bond yields for the case that the short-term interest rate follows a threshold process with the intercept switching endogenously. The yield functions, mapping the one-month rate into n-period yields,...

Persistent link: https://www.econbiz.de/10003304940

The coordination channel of foreign exchange intervention : a nonlinear microstructural analysis

Reitz, Stefan (contributor); Taylor, Markt P. (contributor) - 2006

The coordination channel has been proposed as a means by which foreign exchange market intervention may be effective, in addition to the traditional portfolio balance and signaling channels. If strong and persistent misalignments of the exchange rate are caused by non-fundamental influences,...

Persistent link: https://www.econbiz.de/10003304957

Real-time macroeconomic data and ex ante predictability of stock returns

Döpke, Jörg (contributor); Hartmann, Daniel (contributor); … - 2006

We report results on the ex ante predictability of monthly excess stock returns in Germany using real-time and revised macroeconomic data. Our real-time macroeconomic data cover the period 1994-2005. We report three results. 1) Real-time macroeconomic data did not contribute much to ex ante...

Persistent link: https://www.econbiz.de/10003304970

The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics

Christoffel, Kai (contributor); Linzert, Tobias (contributor) - 2006

In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions affect the transmission process of monetary policy. The...

Persistent link: https://www.econbiz.de/10003304975

Forecasting the price of crude oil via convenience yield predictions

Knetsch, Thomas A. (contributor) - 2006

The paper develops an oil price forecasting technique which is based on the present value model of rational commodity …

Persistent link: https://www.econbiz.de/10003314736

Internalization and internationalization under copeting real options

Fisch, Jan Hendrik (contributor) - 2006

The theories of internalization and internationalization provide general factors of international market entry but are not precise about its timing. A model of waiting and growth options seizes the importance of flexibility to FDI decisions and centers the impact of uncertainty. The results of a...

Persistent link: https://www.econbiz.de/10003339171

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