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An Empirical Comparison of Default Swap Pricing Models
Houweling, Patrick; Vorst, Ton - EconWPA - 2001
In this paper we compare market prices of credit default swaps with model prices. We show that a simple reduced form model with a constant recovery rate outperforms the market practice of directly comparing bonds' credit spreads to default swap premiums. We find that the model works well for...
Persistent link: https://www.econbiz.de/10005413092
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Value Creation and Profit Optimization
Winther, K. Tobias - EconWPA - 2002
The present paper develops a basic framework for evaluating and optimizing profits in a business operation. In developing a business we are often faced with an infinity of choices ranging from what products or services to sell and what customers to target to how to structure and manage the...
Persistent link: https://www.econbiz.de/10005561773
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The Three Capitals of Pricing – Human, Systems and Social Capital
Ritson, Mark; Zbaracki, Mark; Dutta, Shantanu; Levy, Daniel - EconWPA - 2005
” in their pricing processes. This builds on some of the recent economic work on the costs of price adjustment. To do this … enhance the effectiveness of the pricing processes within their firms. We discovered at least three distinct types of … investments that managers at these firms made to price more effectively, which we term as the three capitals of pricing - human …
Persistent link: https://www.econbiz.de/10005076823
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Advertising, Pricing & Market Structure in Competitive Matching Markets
Bataille, Edner; Julien, Benoit - EconWPA - 2005
This paper develops a model of pricing and advertising in a matching environment with capacity constrained sellers …
Persistent link: https://www.econbiz.de/10005076903
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Returns Policies and Retail Price Competition
Padmanabhan, V.; Png, I.P.L. - EconWPA - 2004
We show that returns policies do increase manufacturer profitability by attenuating price competition between retailers. This effect holds only in the presence of end-user demand uncertainty. The conditions under which a returns policy raises the manufacturer's profit are weaker when retailing...
Persistent link: https://www.econbiz.de/10005134512
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Mark-up and Capital Structure of the Firm facing Uncertainty
Chatelain - EconWPA - 2004
This note shows that, with pre-set price and capital decisions of firms facing uncertainty and financial market imperfections, price, mark up and the expected degree of capacity utilization (resp. capital) decreases (resp. increases) with the firm internal net worth.
Persistent link: https://www.econbiz.de/10005134898
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Bundling Models in Retail Banking Sector /in Slovakia/
Fusek, Peter - EconWPA - 2004
The current overview of bundling theory is combined with author's experiences of its practical application into several step-by-step guidelines. These models consist of the whole process of the construction and performance appraisal of product bundles in retail banking sector and show how the...
Persistent link: https://www.econbiz.de/10005134983
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Pricing on the Internet
Daripa, Arup; Kapur, Sandeep - EconWPA - 2003
competition. Where firms have some market power, as in the market for information goods, we expect discriminatory pricing to … well as economic efficiency, and may emerge as the principal pricing method for a large number of goods and services. …
Persistent link: https://www.econbiz.de/10005134996
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The Role of Responsive Pricing in the Internet
MacKie-Mason, Jeffrey K.; Murphy, Liam; Murphy, John - EconWPA - 1996
how this responsive pricing puts control of network service back where it belongs: with the users. …
Persistent link: https://www.econbiz.de/10005135089
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International pharmaceutical price differences
Commission, Productivity - EconWPA - 2001
The study compares manufacturer prices in Australia and seven other countries for 150 pharmaceuticals listed on the Pharmaceutical Benefits Scheme (PBS), as at 30 June 2000. The comprehensive study found that prices in the USA are between 80 to 160 per cent higher than in Australia, and prices...
Persistent link: https://www.econbiz.de/10005407754