Similar Search Results

RISK-FREE INTERNAL GAINS – BLACK AND SCHOLES RE-EXAMINED

Bana, Gergei - EconWPA - 2005

In this paper we first show that if a not-necessarily-self-financing portfolio has instantaneously riskless internal gains, then on an infinitesimal time-interval, the increase in the internal gains on the portfolio is the same as the change in the price of that amount of bonds which has the...

Persistent link: https://www.econbiz.de/10005134947

Macroeconomic Dynamics Online Submission

Barnett, William A.; Spear, Stephen - EconWPA - 2004

This page is forthcoming in the journal, Macroeconomic Dynamics, as an Announcement from the Editor. The page provides …

Persistent link: https://www.econbiz.de/10005076743

Harrod, Hansen and Samuelson on the Multiplier-Acceleration Model. A Further Note

Besomi, Daniele - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005126090

Editorial Policy and Editorial, to appear at the front of the first issue of the new Cambridge University Press journal, Macroeconomic Dynamics.

Barnett, William A. - EconWPA - 1997

This statement outlines the objectives and policies of the new journal, Macroeconomic Dynamics, which is dedicated to …

Persistent link: https://www.econbiz.de/10005126416

Monetary Equilibrium from an Initial State: The Case Without Discounting

Green, Edward J.; Zhou, Ruilin - EconWPA - 1999

This paper studies the existence of single-price price equilibrium from a given initial distribution of money holdings in a search-theoretic model of money where agents have no time preference. The model is similar to the authors' recent models of search economies with no constraints on money...

Persistent link: https://www.econbiz.de/10005561223

Village versus Market Social Capital: An Approach to Development

Kumar, Krishna B.; Matsusaka, John G. - EconWPA - 2004

This paper presents a model of an economy in which traders use social capital to reduce transaction costs. A key assumption is that there are two types of social capital: “village” capital relies on personal networks and repeat play to guarantee contracts; “market” capital relies on...

Persistent link: https://www.econbiz.de/10005118663

Private hospitals in Australia

Commission, Productivity - EconWPA - 2001

Amongst other things, this report: . provides a statistical overview of the structure of the industry and the activities of the 500 acute care, psychiatric and day hospitals that operate within it; . looks at some indicators of the industry’s financial performance, efficiency and quality of...

Persistent link: https://www.econbiz.de/10005134599

Measuring Customer Value and Market Dynamics for New Products of a Firm:An Analytical Construct for Gaining Competitive Advantage

Rajagopal - EconWPA - 2005

The role of customer value has been largely recognized over time by the firms as an instrument towards stimulating market share and profit optimization. The customer values for a new product of firm in competitive markets are shaped more by habits, reinforcement effects, and situational...

Persistent link: https://www.econbiz.de/10005556347

The Changing Concept of Financial Risk

LOS, CORNELIS A. - EconWPA - 2004

financial risk based on asset classes only is ready for a epistemological change. Currently, the definition of financial risk … suffers from three major deficiencies: (1) financial risk is insufficiently measured by the conventional second - order … moments; (2) financial risk is assumed to be stable and all distribution moments are assumed to be time-invariant; and (3 …

Persistent link: https://www.econbiz.de/10005077030

Gains and losses: the same or different choices? A “non-ideal” economics approach.

Harin, Alexander - EconWPA - 2005

Ideal economics? A “non-ideal” economics approach has been proposed, which considers the possibility of arrangement infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields of research. The approach application in...

Persistent link: https://www.econbiz.de/10005124942