On 23 February 1999 the Assistant Treasurer referred international telecommunic-ations market regulation for inquiry …

determined. Generally, customer acquisition is deterministic while pricing is randomized. The equilibrium outcome depends on the … timing of customer acquisition relative to pricing. If sellers acquire customers before setting prices, the unique …

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 …

pricing study of the US market, using 32 convertible bonds and 69 months of daily market prices. Our results do not confirm …We propose and empirically study a pricing model for convertible bonds based on Monte Carlo simulation. The method uses … parametric representations of the early exercise decisions and consists of two stages. Pricing convertible bonds with the …

” 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 …

This paper develops a model of pricing and advertising in a matching environment with capacity constrained sellers … the market structure. The model generates a unimodal (inverted U-shape) relationship between both, individual and industry … advertising level, and market structure. The relationship results from a trade off between a price effect and a market structure …

The residential UK electricity market was opened for the first time in 1999, introducing choice of supplier, and about … process and assess the competitiveness of the market by examining how the charges levied by suppliers depend on cost and … demand factors for three different payment methods and consumption levels. We also identify signs of additional market power …