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The market for derivatives with payoffs contingent on the credit quality of a number of reference entities has grown considerably over recent years. The risk analysis and valuation of such multi-name structures often relies on simulating the performance of the underlying credits. In this paper...
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time consistency problem ("durable goods monopoly"), and how the basic theory of third-degree price discrimination needs to …This is the first chapter of a graduate text entitled Topics in Microeconomics. It covers the basics of monopoly theory … be modified accordingly. The Chapter closes with the noncooperative bargaining theory of bilateral monopoly and suggests …
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The theory of industrial organization has experienced an impressive boom by using the methods of (non-cooperative) game … theory. The conclusions depend, however. crucially on subtle details of the market decision processes about which there exist … no or little empirical information. Studies of endogenous timing could help since they derive the time structure of …
Persistent link: https://www.econbiz.de/10009578566
We investigate the relationship between inflation and price variation using highly disaggregated, weekly price data for consumption goods recorded in Germany during 1995, a low inflation period. We find a significant positive correlation between the rates of price change and price dispersion,...
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