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Economic development and financial crisis in Asia
Bach, Stefan (contributor) - In: Vierteljahrshefte zur Wirtschaftsforschung 68,1 (1999)
Persistent link: https://www.econbiz.de/10004607290
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Predictive accuracy of political stock markets : empirical evidence from a European perspective
Berlemann, Michael; Schmidt, Carsten - 2001
In a meta study of 25 political stock markets conducted in Germany in the last decade we analyze their predictive …
Persistent link: https://www.econbiz.de/10009614879
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How accurate do markets predict the outcome of an event? : the Euro 2000 soccer championships experiment
Schmidt, Carsten; Werwatz, Axel - 2002 - Rev.
For the Euro 2000 Soccer Championships an experimental asset market was condueted, with traders buying and selling contracts on the winners of individual matches. Market-generated probabilities are compared to professional bet quotas, and factors that are responsible for the quality of the...
Persistent link: https://www.econbiz.de/10009621415
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Thailand Financial Sector Assessment Program : Thailand Securities Depository of the CPSS/IOSCO Recommendations for Securities Settlement Systems
International Monetary Fund - 2008
Securities settlement systems should have a well-founded, clear and transparent legal basis in the relevant jurisdiction. The laws, regulations, rules and procedures governing the operations and activities of Thailand Securities Depositories (TSD) are public and accessible to participants. In...
Persistent link: https://www.econbiz.de/10012247121
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Additional logarithmic utility of an insider
Amendinger, Jürgen; Imkeller, Peter; Schweizer, Martin - 1998
In this paper, we consider a security market in which two investors on different information levels maximize their expected logarithmic utility from terminal wealth. While the ordinary investor's portfolio decisions are based on a public information flow, the insider possesses from the beginning...
Persistent link: https://www.econbiz.de/10009577457
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Malliavin's calculus in insider models : additional utility and free lunches
Imkeller, Peter - 2002
We consider simple models of financial markets with regular traders and insiders possessing some extra information hidden in a random variable which is accessible to the regular trader only at the end of the trading interval. The problems we focus on are the calculation of the additional utility...
Persistent link: https://www.econbiz.de/10009620768
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Simultaneous over- and underconfidence : evidence from experimental asset markets
Maciejovsky, Boris; Kirchler, Erich - 2001
In this paper individual overconfidence within the context of an experimental asset market is investigated. Overall, 72 participants traded one risky asset on six markets of 12 participants each. The results indicate that individuals were not generally overconfident. Moreover, overconfidence was...
Persistent link: https://www.econbiz.de/10009614297
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The third generation (UMTS) spectrum auction in Germany
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more … competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and … presents a game theoretic explanation of observed events during the crucial phase of that auction, which have puzzled several …
Persistent link: https://www.econbiz.de/10009615427
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Auctions with endogenous participation and quality thresholds : evidence from oda infrastructure procurement
Estache, Antonio - 2009
tends to be limited. Competition is the single most important factor toward auction efficiency and anti-corruption. However …
Persistent link: https://www.econbiz.de/10011394147
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Capital markets and e-fraud : policy note and concept paper for future study
Kellermann, Tom - 2005
"The technological dependency of securities exchanges on internet-based (IP) platforms has dramatically increased the industry's exposure to reputation, market, and operational risks. In addition, the convergence of several innovations in the market are adding stress to these systems. These...
Persistent link: https://www.econbiz.de/10010522614