Showing 1 - 10 of 29
paradigms which may provide underpinnings for ILAs : the asset-based view versus capability-based view. In section 2 we analyze …
Persistent link: https://www.econbiz.de/10010635216
We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that the new axiom (DARP, for "discrete axiom of revealed preference") is necessary and sufficient for the rationalization of the data by a well-behaved utility function. Our...
Persistent link: https://www.econbiz.de/10010899666
We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that the new axiom (DARP, for "discrete axiom of revealed preference") is necessary and sufficient for the rationalization of the data by a well-behaved utility function. Our...
Persistent link: https://www.econbiz.de/10010930079
We set a framework where an individual has to choose one among a set of spatially distributed activities. The individual knows the price of each activity, as well as the distance to reach it. She has either full or zero information about each activity's quality. Qualities are modeled by i.i.d....
Persistent link: https://www.econbiz.de/10008793537
with the invariant method. These effects are not present in a simple search model in which individuals are influenced by …
Persistent link: https://www.econbiz.de/10010738943
We simulate a closed rental housing market with search and matching frictions, in which both landlord and tenant agents … search accepting residences based on their idiosyncratic tastes for housing and a disagreement point derived from information … on the distribution of offers. The steady state to which the simulation evolves shows price dispersion, nonzero search …
Persistent link: https://www.econbiz.de/10008792369
This paper investigates the relation between liquidity and asset prices. It shows that, when banks balance sheets are …
Persistent link: https://www.econbiz.de/10010738549
We propose and study a simple stochastic model for the dynamics of a limit order book, in which arrivals of market order, limit orders and order cancellations are described in terms of a Markovian queueing system. Through its analytical tractability, the model allows to obtain analytical...
Persistent link: https://www.econbiz.de/10008794238
immune against any liquidity problem. This paper analyzes on a long sample (2000-2009), the all set of quotes and … transactions in three main currency pairs (EURJPY, EURUSD, USDJPY) on the EBS platform. To characterize the FX market liquidity, we … propose the computation of a new liquidity indicator, BIL, that solely relies on price series availability. The main benefit …
Persistent link: https://www.econbiz.de/10008794876
The effect of leverage on liquidity is a tool for analysing the level of liquidity for a given production process. It … measures the sensitivity of the level of liquidity that results from changes in the volume of production and unit operating … flows from production influence liquidity levels. The estimated costs do not directly influence the level of liquidity …
Persistent link: https://www.econbiz.de/10008789411