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Trade, trust and transaction cost
Butter, Frank A. G. den; Mosch, Robert - 2003
Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would … suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the …
Persistent link: https://www.econbiz.de/10011334351
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Marketing auf Wochenmärkten
Elsäßer, Andrea; Benner, Eckhard; Becker, Tilman
Seit Jahrhunderten sind Märkte inStädten ein Zeichen für Wohlstandund geregelte Verhältnisse. DasMarktrecht verlieh einer StadtMacht und Ansehen. Von überallher aus der Umgebung kamen dieBauern und Händler um ihre Warenfeil zu bieten...
Persistent link: https://www.econbiz.de/10005861078
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RKW-Handelsforscheratlas
Gaßner, Michael; Viereck, Karsten - Rationalisierungs- und Innovationszentrum der Deutschen … - 2004
RKW-Handelsforscheratlas
Persistent link: https://www.econbiz.de/10005863825
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Stärkung regionaler Qualifizierungs- und Innovationsnetzwerkefür den Handel
Rationalisierungs- und Innovationszentrum der Deutschen … - 2002
Dienstleistungsinnovationen besonders im Handel werden vielfach gefordert und bei er-folgreicher Einführung begrüßt. In …
Persistent link: https://www.econbiz.de/10005863826
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Electronic Commerce im Handel : Fakten - Fallstudie - Empfehlungen
Gassner, Michael - Rationalisierungs- und Innovationszentrum der Deutschen … - 2000
Im Rahmen dieser Einführung werden jene Umweltfaktoren vorgestellt, die denHintergrund bilden, vor dem sich deutsche Unternehmen bewegen, wenn sie sich mitdem Phänomen E-Commerce auseinandersetzen. Dazu werden in Punkt 1.1wichtige Internet-Größen wie Anzahl der Nutzer, die Anzahl der...
Persistent link: https://www.econbiz.de/10005863830
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Arbitrage Opportunities and Market-Making Traders in Prediction Markets
Luckner, Stefan; Weinhardt, Christof
Prediction markets are a promising approach forpredicting uncertain future events and developments.These markets will work well if they are efficient and inefficient markets, one does not expect arbitrageopportunities to be persistent. This paper thereforestudies whether pure arbitrage...
Persistent link: https://www.econbiz.de/10005864127
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Derivatives Trading in a General Equilibrium Modelwith Stochastic Volatility and Jumps
Branger, Nicole; Schlag, Christian; Schneider, Eva - Universität <Münster, Westfalen> / Lehrstuhl für … - 2007
We perform a general equilibrium analysis in a complete markets economy whenthe dividend follows a jump-diffusion process with stochastic volatility. Agents haveCRRA utility, but differ with respect to their degree of risk aversion. The keyoutput of our analysis is the structure of the...
Persistent link: https://www.econbiz.de/10005867617
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General Equilibriumwith Stochastic Volatility and Jumps
Branger, Nicole; Schlag, Christian; Schneider, Eva - Universität <Münster, Westfalen> / Lehrstuhl für … - 2007
In this paper we perform a general equilibrium analysis when the dividend followsa jump-diffusion process with stochastic volatility, where both the dividend itselfand its volatility can jump. We work in a complete markets economy and assumethat agents have CRRA utility, but can differ with...
Persistent link: https://www.econbiz.de/10005867620
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Discrete-Time Implementationof Continuous-Time Portfolio Strategies
Branger, Nicole; Breuer, Beate; Schlag, Christian - Universität <Münster, Westfalen> / Lehrstuhl für … - 2006
Since trading cannot take place continuously, the optimal portfolio calculated ina continuous-time model cannot be held, but the investor has to implement thecontinuous-time strategy in discrete time. This leads to the question how severe theresulting discretization error is. We analyze this...
Persistent link: https://www.econbiz.de/10005867622
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An Anatomy of Option Pricing Models
Branger, Nicole - Universität <Münster, Westfalen> / Lehrstuhl für … - 2004
This paper analyzes the properties of and the differences between derivative pricingmodels that include stochastic volatility or stochastic jumps or both of these riskfactors. The focus is on the pricing of European options. In a first step, we discussthe impact of the parameters in stochastic...
Persistent link: https://www.econbiz.de/10005867632