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Inflation as restructuring. A theoretical and empirical account of the U.S. experience
Nitzan, Jonathan - Volkswirtschaftliche Fakultät, … - 1992
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
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New imperialism or new capitalism?
Nitzan, Jonathan; Bichler, Shimshon - Volkswirtschaftliche Fakultät, … - 2006
Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...
Persistent link: https://www.econbiz.de/10005621372
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Information Exchange and the Limits of Arbitrage
Gray, Wesley - Volkswirtschaftliche Fakultät, … - 2008
capital constrained, noise trader influence is high, and arbitrage investors are more loss averse. We also predict that … arbitrage networks can lead to crowded trades, which can create systematic risk in extreme market circumstances. …
Persistent link: https://www.econbiz.de/10005835710
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Information Exchange and the Limits of Arbitrage
Gray, Wesley - Volkswirtschaftliche Fakultät, … - 2008
capital constrained, noise trader influence is high, and arbitrage investors are more loss averse. We also predict that … arbitrage networks can lead to crowded trades, which can create systematic risk in extreme market circumstances. …
Persistent link: https://www.econbiz.de/10005835969
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Two Essays on Self Tender Offers
Gray, Wesley - Volkswirtschaftliche Fakultät, … - 2005
This two chapter body of work examines empirical and theoretical aspects of self-tender offers. The first chapter is an empirical study of self-tender offers. This section gives the reader an opportunity to understand some of the simple mechanics and issues regarding self-tender offers in the...
Persistent link: https://www.econbiz.de/10005836314
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Correct or incorrect application of CAPM? Correct or incorrect decisions with CAPM?
Magni, Carlo Alberto - Volkswirtschaftliche Fakultät, … - 2007
) the disequilibrium NPV does not guarantee additivity nor consistency with arbitrage pricing, so that it is unreliable for … arbitrage losses and incorrect decisions. …
Persistent link: https://www.econbiz.de/10005836868
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Mutual influence of the exchange assets: practical aspects
Kozmenko, Serhiy; Plastun, Oleksiy - Volkswirtschaftliche Fakultät, … - 2012
The following article considers the practical use of temporary connections that arise between different exchange assets. The concrete recommendations to build a trading strategy based on the theory of market focuses are proposed. The main idea in this case is that strong positive correlation...
Persistent link: https://www.econbiz.de/10011258360
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Interest rate paradox
Ivanov, Sergei - Volkswirtschaftliche Fakultät, … - 2013
-free profitable arbitrage strategies. However it was shown that such utility function almost always exist. It is hard to use on … nowadays markets. By this reason such opportunity was called “weak arbitrage”. …
Persistent link: https://www.econbiz.de/10011258552
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Nonlinear Pricing with Arbitrage: On the Role of Correlation
Meng, Dawen; Tian, Guoqiang - Volkswirtschaftliche Fakultät, … - 2008
form a coalition to coordinate their reports and to arbitrage on the goods. We find that when the types of agents are … without arbitrage; when the types are weakly negatively correlated, the monopolist can achieve the same profit regardless of … whether or not buyers can arbitrage on their goods. Allowing arbitrage within coalitions result in right discontinuity between …
Persistent link: https://www.econbiz.de/10011260879
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A binomial tree to price European options
Brogi, Athos - Volkswirtschaftliche Fakultät, … - 2010
A time-changing volatility binomial tree to price European options is presented followed by an algorithm explaining how to implement the tree. Finally, the advantages of the model are listed.
Persistent link: https://www.econbiz.de/10009323641