Showing 1 - 10 of 20
This paper investigates the prices and the returns in the market for modern Russian art, a prime example of an … generated high returns. Based on correlations and Granger causality tests, we conclude that the prices for Russian art are … ‘emerging art market’, over the last four decades. After applying a hedonic regression model on an extensive dataset containing …
Persistent link: https://www.econbiz.de/10011091483
In the paper the impact of R&D cooperation on prices in experimental duopoly markets is examined.As a theoretical …, in general, prices are between the subgame perfect Nash and the cooperative level.Further, for both spillover levels … prices are higher in periods where R&D contracts are committed to, than in other periods, and to a lesser extent compared to …
Persistent link: https://www.econbiz.de/10011092740
Persistent link: https://www.econbiz.de/10011090303
In empirical studies of sequential auctions of identical objects prices have been found to decline.We study auctions of … that sellers may have some control over the sequence of prices and therefore on their revenue.Our results point to the fact …
Persistent link: https://www.econbiz.de/10011090425
Persistent link: https://www.econbiz.de/10011090543
have a exible price level with respect to the numeraire commodity but their relative prices are mutually fixed. In the long … run prices are assumed to be completely exible. For a given price level and fixed relative prices, markets can be … adjustment process in prices and quantities converging from a trivial equilibrium with complete demand rationing on all non …
Persistent link: https://www.econbiz.de/10011090816
JEL classifications: C92; D44; J31; D72; D82;
Persistent link: https://www.econbiz.de/10011090871
Persistent link: https://www.econbiz.de/10011090907
Using high frequency data on ten infrequently traded stocks during the year 1999, we measure the information content of a trade and its relation to the trading intensity.While the price impact curve for frequently traded stocks monotonically increases towards the full information price, we find...
Persistent link: https://www.econbiz.de/10011091010
place at prices that are not necessarily competitive?Even though there are many partial answers to this question, an answer … "Folk Theorem" on the generic suboptimality of equilibria at non-competitive prices.The more interesting problem is whether … equilibria are constrained optimal, i.e. efficient relative to all allocations that are consistent with prices at which trade …
Persistent link: https://www.econbiz.de/10011091398