standard of at least 40 years and in some countries, such as the United States, of 60 years) imposes significant costs on … German power producers, electricity consumers and the German economy. This article estimates the direct costs linked to the … shutdown of Germany’s nuclear power reactors before the end of their operational lifetimes. These are costs that are …

adverse selection costs or recognition effects. By contrast, we show that it is mainly explained by a decrease in order … processing and order imbalance costs. This most probably results from additional risk sharing capacities provided by increased …

For utility maximization problems under proportional transaction costs, it has been observed that the original market … with transaction costs can sometimes be replaced by a frictionless {\em shadow market} that yields the same optimal …

economic sector, free float capitalisation, and trading volume, our study shows that transaction costs are lower on the … frequency of large trades, but is associated with higher execution costs for all other trades and higher adverse selection and … inventory costs inside the order book. …

Inspired by the theory of financial markets with transaction costs, we study a concept of essential supremum in the … satisfying some natural properties. Applications of the introduced notion to a hedging problem under transaction costs and set …

We study the Leland model for hedging portfolios in the presence of a constant proportional transaction costs …

capabilities to their production, commercial intermediaries allow transaction costs to be reduced. Digital networks per se cannot …

An essential element of any realistic investment portfolio selection is the consideration of transaction costs. Our … return, whenever practical constraints features related to budget, buy-in thresholds, and transaction costs are taken into …