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We decompose the conditional expected mutual fund return in ve parts.Two parts, selectivity and expert market timing, can be attributed to manager skill, and three to variation in market exposure that can be achieved by private investors as well.The dynamic model that we use to estimate the...
Persistent link: https://www.econbiz.de/10011092882
.Experience in forward supply chain management has shown the potential of VMI by bringing the coordination of transportation and … inventory decisions to the same supply chain entity.Using information technology called telemetry, we are able to monitor …
Persistent link: https://www.econbiz.de/10011096209
supply chain configurations, studied for an Ericsson factory in Sweden.After simulating 21 scenarios (factor combinations …
Persistent link: https://www.econbiz.de/10011090976
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
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run prices are assumed to be completely exible. For a given price level and fixed relative prices, markets can be … equilibrated by means of quantity rationing on demand and supply. Keeping markets in equilibrium through rationing, we provide an …-numeraire markets to a Walrasian equilibrium. Along the path initially all relative prices are kept fixed and the price level is …
Persistent link: https://www.econbiz.de/10011090816
JEL classifications: C92; D44; J31; D72; D82;
Persistent link: https://www.econbiz.de/10011090871
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