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The internet revolution is said to foster integration of the market for financial services, since consumers are able to … shop around at all companies worldwide and firms can easily offer their services on the internet at a minimum of …
Persistent link: https://www.econbiz.de/10013428474
deutlich, dass die laufenden Kosten von aufgeschobenen Leibrentenversicherungen zum Teil deutlich unter den Kosten für … Ansparen in Investmentfonds mit gleicher durchschnittlicher Renditeerwartung vor Kosten, wie sie private Rentenversicherungen … bieten, und den hier unterstellten Kosten für aktienorientierte Investmentfonds aus Kostensicht nicht immer effizient ist. …
Persistent link: https://www.econbiz.de/10013428381
In the debate on the premature phase-out of nuclear power generation in Germany, there is an intense dispute on the …-out regulations affect both the magnitude of total economic costs and the distribution of these costs across nuclear power plants and … competing companies. Based on a dynamic partial equilibrium analysis of power supply options, we quantify the excess costs of …
Persistent link: https://www.econbiz.de/10013428319
investments of banks at the security level for 2005-2012 in conjunction with the credit register from Germany. Analyzing data at …
Persistent link: https://www.econbiz.de/10010527104
In this paper we empirically analyze the permanent price impact of trades by investigating the relation between unexpected net order flow and price changes. We use intraday data on German index futures. Our analysis based on a neural network model suggests that the assumption of a linear impact...
Persistent link: https://www.econbiz.de/10013428144
Investors increasingly can obtain assistance from "robo-advisors," artificial intelligence - enabled digitalized service agents imbued with anthropomorphic design elements that can communicate using natural language. The present article considers the impact of anthropomorphized robo-advisors on...
Persistent link: https://www.econbiz.de/10012500401
In markets where sellers' marginal costs of production have a common component, they have informational advantage over … buyers regarding those costs. This information asymmetry between sellers and buyers is especially relevant in markets where … such information asymmetry. Our main finding is that informing buyers about marginal costs may harm them by deterring …
Persistent link: https://www.econbiz.de/10014424355
Persistent link: https://www.econbiz.de/10000684355
We propose a novel, multilaterally consistent productivity approach-based indicator to assess the international price competitiveness of 57 industrialized and emerging economies. It is designed to be a useful assessment tool for monetary policy authorities and, thereby, differs from previously...
Persistent link: https://www.econbiz.de/10010373688