Showing 1 - 8 of 8
This paper explores the quantitative impact of the Baby Boom on stock and bond returns. It constructs a neoclassical growth model with overlapping generations, in which agents make a portfolio decision over risky capital and safe bonds in zero net supply. The model has exogenous technology and...
Persistent link: https://www.econbiz.de/10005328938
risk premia and focuses exclusively on liquidity. A float-adjusted return model (FARM) is derived, explaining the pricing …
Persistent link: https://www.econbiz.de/10005328954
We study the impact on asset prices of illiquidity associated with search and bargaining in an economy in which agents can trade only when they find each other. Marketmakers' prices are higher and bid-ask spreads are lower if investors can find each other more easily. Prices become Walrasian as...
Persistent link: https://www.econbiz.de/10005328973
2009 has raised questions about t he role of regulation, funding for the Universal Service Obligation, the future of …, pricing, efficiency and cost analysis, labor relations, and demand drivers. Examples are drawn from around the world. This …
Persistent link: https://www.econbiz.de/10014474065
wave of privatization, starting in the UK, which made the regulation of monopoly of much greater interest. The discipline …, policymakers and regulators in the study of privatization and regulation …. Littlechild (1983), Regulation of British Telecommunications' Profitability, Report to the Secretary of State, Department of …
Persistent link: https://www.econbiz.de/10011852233
The postal and delivery sector has been the subject of considerable interest in recent years. This Handbook brings together a number of contributions directed at understanding developments in the field of postal reform. The authors review the experience and plans of individual countries to...
Persistent link: https://www.econbiz.de/10011850672
pt. 1. Universal service obligation -- pt. 2. Demand -- pt. 3. Pricing under entry -- pt. 4. Regulation -- pt. 5 … the role of regulation, funding the Universal Service Obligation, postal reform in Europe, Asia and North America, the … future of national postal operators, demand and pricing strategies, and the principles that should govern the introduction of …
Persistent link: https://www.econbiz.de/10011851294
regulation : principles, history and methods / Martin Ricketts -- Regulation, pricing and social welfare / Michael A. Crew and … research issues in the economics of regulation. With contributions from international specialists in economic regulation, the …. This book will be an indispensable source for both students and practitioners of regulation …
Persistent link: https://www.econbiz.de/10011851346