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We are given a list of tasks Z and a population divided into several groups X j of equal size. Performing one task z requires constituting a team with exactly one member x j from every group. There is a cost (or reward) for participation: if type x j chooses task z, he receives p j (z);...
Persistent link: https://www.econbiz.de/10010706644
Antananarivo. We use the matching methodology to assess the impacts of m-banking on clients' financial behavior. The results show …
Persistent link: https://www.econbiz.de/10010708646
We introduce a matching model that allows for classical and frictional unemployment. The labor market is dual featuring …
Persistent link: https://www.econbiz.de/10011074262
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
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
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
We empirically investigate the effect of option listing on the underlying stock pricing efficiency by examining the … indicate that option listing neither damages nor improves the underlying stock efficiency. However, they suggest that a new …
Persistent link: https://www.econbiz.de/10010708183