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Efficiency of financial markets is one of the most studied subjects in theoretical finance. Formalization of this idea …
Persistent link: https://www.econbiz.de/10011096649
spot-futures price efficiency improvement observed after ETF introduction is explained either by the direct effect of ETF … short run. Some of our findings suggest that the efficiency improvement could rather result from a structural change in the …
Persistent link: https://www.econbiz.de/10010799319
may set listing requirements leading to high information efficiency in equilibrium. However, this is strongly linked to … highest efficiency and the latter may be achieved with low requirements. Whether information efficiency is socially desirable …
Persistent link: https://www.econbiz.de/10010861490
We study the impact of crossholdings on the efficiency of the standard auction formats. The ascending auction is not …
Persistent link: https://www.econbiz.de/10010861510
objective is to show that the design of network governance must follow a two-track principle of efficiency and effectiveness … able to meet an efficiency/effectiveness principle. In these agrifood networks, the governance optimizes a cost …
Persistent link: https://www.econbiz.de/10011072259
High prices and insufficient quality of care are observed in nursing homes in France. Reforms are currently under discussion, but governments are facing a dilemma : any measure of price cut is likely to affect quality and any improvement in quality would probably be inflationary. This work...
Persistent link: https://www.econbiz.de/10011074680
The first objective of this article is to propose a conceptual framework, presenting the main factors that can have an impact on an internet user’s response to a commercial email. In addition to the variables related to the email itself and to the situation of its reception, the model...
Persistent link: https://www.econbiz.de/10011171559
a comonotone dominance principle, due to Landsberger and Meilijson (1994) [27], that efficiency is characterized by a … between efficiency and comonotonicity to the multidimensional case. The multivariate case is more involved (in particular …
Persistent link: https://www.econbiz.de/10010706660
Persistent link: https://www.econbiz.de/10010706882
We empirically investigate the impact of option listing on the underlying stock efficiency by looking at the volume … underlying stock market. We conclude to the existence of option listing impact on the underlying stock efficiency, but to …
Persistent link: https://www.econbiz.de/10010707501