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Strategies for Managing Bank’s Legacy Assets:part 2 (of 2) Assessment of strategies and their implementation
Jenk, Justin - Volkswirtschaftliche Fakultät, … - 2015
This two-part working paper series represents a distillation of practical approaches with regard to the successful management of so-called “legacy assets” which include both impaired as well as non-performing loans, particularly in those in the real estate and property sectors. This two-part...
Persistent link: https://www.econbiz.de/10011265335
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Non-negative demand in newsvendor models:The case of singly truncated normal samples
Halkos, George; Kevork, Ilias - Volkswirtschaftliche Fakultät, … - 2011
This paper considers the classical newsvendor model when demand is normally distributed but with a large coefficient of variation. This leads to observe with a non-negligible probability negative values that do not make sense. To avoid the occurrence of such negative values, first, we derive...
Persistent link: https://www.econbiz.de/10009147873
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Price Rigidity and Flexibility: New Empirical Evidence
Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007
The marketplace, along with its price system, is the single most important institution in a western-style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently and lies behind the magical invisible hand...
Persistent link: https://www.econbiz.de/10005835391
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Option Pricing: Real and Risk-Neutral Distributions
Constantinides, George M.; Jackwerth, Jens Carsten; … - Volkswirtschaftliche Fakultät, … - 2007
liabilities. Journal of Political Economy 81, 637–659] and Merton [Merton, R. (1973). Theory of rational option pricing. Bell … Journal of Economics and Management Science 4, 141–184] option pricing theory is that there exists a self-financing dynamic … impose restrictions on the pricing kernel and derive testable restrictions on the prices of options.We illustrate the theory …
Persistent link: https://www.econbiz.de/10005836285
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The effect of relative thinking on firm strategy and market outcomes: A location differentiation model with endogenous transportation costs
Azar, Ofer H. - Volkswirtschaftliche Fakultät, … - 2007
Consumers often have to decide whether to go to a remote store for a lower price. Only the absolute price difference between the stores should be relevant in this case, but several experiments showed that people exhibit "relative thinking": they are affected also by the relative savings...
Persistent link: https://www.econbiz.de/10005837411
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Termination-Based Price Discrimination: Tariff-Mediated Network Effects and the Fat-Cat Effect
Claussen, Jörg; Trüg, Moritz; Zucchini, Leon - Volkswirtschaftliche Fakultät, … - 2011
-mediated network effects as a competitive instrument, but also suggest the alternative theory may have some merit. …
Persistent link: https://www.econbiz.de/10010599192
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A Game Theoretic Framework for Competing/Cooperating Retailers under price and advertising dependent demand
Dridi, Dhouha; Ben Youssef, Slim - Volkswirtschaftliche Fakultät, … - 2015
expenditures. To identify optimal advertising and pricing decisions, we discuss three possible games (two non cooperative games …
Persistent link: https://www.econbiz.de/10011220301
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Brand and Quantity Choice Dynamics Under Price Uncertainty
Erdem, Tulin; Imai, Susumu; Keane, Michael - Volkswirtschaftliche Fakultät, … - 2003
We develop a model of household demand for frequently purchased consumer goods that are branded, storable and subject to stochastic price fluctuations. Our framework accounts for how inventories and expectations of future prices affect current period purchase decisions. We estimate our model...
Persistent link: https://www.econbiz.de/10011257829
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The Zeeman Effect in Finance: Libor Spectroscopy and Basis Risk Management
Marco, Bianchetti - Volkswirtschaftliche Fakultät, … - 2011
building block of no-arbitrage pricing theory. Nowadays, in the modern financial world after the credit crunch, some Libors are …
Persistent link: https://www.econbiz.de/10011259157
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Future of option pricing: use of log logistic distribution instead of log normal distribution in Black Scholes model
Raja, Ammar - Volkswirtschaftliche Fakultät, … - 2009
Options are historically being priced using Black Scholes option pricing model and one of the prominent features of it …
Persistent link: https://www.econbiz.de/10011259299