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"The resolution of a large complex financial organization (LCFO) presents numerous problems, including organizational complexity, opacity of positions, and conflicting legal jurisdictions. Of particular concern is the potential impact of large derivatives books. Widespread adoption of laws...
Persistent link: https://www.econbiz.de/10001914221
Consequences of network externalities, such as product growth and innovation diffusion, are widely studied in marketing literature. However, there is little empirical research that examines the existence of such network externalities in consumer behavior. When and how do consumers take into...
Persistent link: https://www.econbiz.de/10011072347
The authors argue that it is possible to break the demand for films into two types: the underlying demand accounted for … by audiences’ behaviours owing to events outside the film industry (vacations, climate, etc.); and demand due to the … studios exploit peaks in demand. Such agglomeration increases seasonality and could lead studios to overestimate the true …
Persistent link: https://www.econbiz.de/10010708168
cumulative prospect theory (CPT). We show that the computation of demand for a contingent claim when utilities are within that …
Persistent link: https://www.econbiz.de/10011073758
This paper investigates the impact of health risk on insurance contract with hazard moral. We use a bi …-dimensional utility function (wealth and health status). We prove that the type of health risk influences the equilibrium of insurance …
Persistent link: https://www.econbiz.de/10010861615
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