Narrow search
Showing 1 - 10 of 69
Cover Image
A firm's first year
Abbring, Jaap H.; Campbell, Jeffrey R. - 2004
This paper determines the structural shocks that shape a firm's first year by estimating a structural model of firm growth, learning, and survival using monthly sales histories from 305 Texas bars. We find that heterogeneity in firms' pre-entry scale decisions accounts for about 40% of their...
Persistent link: https://www.econbiz.de/10011343305
Cover Image
Individual team productivity : a conceptual approach
Müller, Julia; Bayındır-Upmann, Thorsten; Prinz, Joachim - 2013
Teams, in both firms and in sports, jointly produce a product. While a fixed task is assigned to each member of a team, the individual team productivity of a worker or player is difficult to conceptualize. This is particularly true, if this concept is aimed to be operable on observable data. In...
Persistent link: https://www.econbiz.de/10010224770
Cover Image
The forward premium puzzle only emerges gradually
Bernoth, Kerstin; Hagen, Jürgen von; Vries, Casper G. de - 2007
The forward premium puzzle (FPP) is the negative correlation between the forward premium and the realized exchange rate return at maturities of a month and beyond. Some recent evidence shows that at maturities of multiple years and at the highest intra day frequency the correlation is positive...
Persistent link: https://www.econbiz.de/10011372514
Cover Image
Bubble formation and (in)efficient markets in learning-to-forecast and -optimise experiments
Te, Bao; Hommes, Cars H.; Makarewicz, Tomasz - 2015
This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in three treatments where subjects (1) submit a price forecast only, (2) choose quantity to buy/sell and (3) perform both tasks. We find deviation of the market price from the...
Persistent link: https://www.econbiz.de/10011333057
Cover Image
Financial markets as nonlinear adaptive evolutionary systems
Hommes, Cars H. - 2001
Recent work on complex adaptive systems for modeling financialmarkets is surveyed. Financia1 markets areviewed as evolutionary systems between different, competing tradingstrategies. Agents are boundedly rational inthe sense that they tend to follow strategies that have performedwell, according...
Persistent link: https://www.econbiz.de/10011313923
Cover Image
Simultaneous search and network efficiency
Gautier, Pieter; Holzner, Christian - 2011
Persistent link: https://www.econbiz.de/10009720781
Cover Image
Financial markets as nonlinear adaptive evolutionary systems
Hommes, Cars H. - 2000
Persistent link: https://www.econbiz.de/10001554477
Cover Image
Exclusive portfolio dealing and market inefficiency
Kessler, Natalie; Lelyveld, Iman van; Woerd, Ellen van der - 2024
representative, risk-neutral seller and a small number of ex ante identical broker-dealers. Endowed with independent, uncertain …
Persistent link: https://www.econbiz.de/10014496480
Cover Image
Optimal taxation of normal and excess returns to risky assets
Boadway, Robin W.; Spiritus, Kevin - 2021
We study the optimal taxation of risk-free and excess capital income with heterogeneous rates of return, alongside an … optimal nonlinear earnings tax. Households can hold three assets: one risk-free, one risky but diversifiable, and one a … private investment with idiosyncratic risk whose expected return differs among households. Contrary to expectations, the …
Persistent link: https://www.econbiz.de/10012487914
Cover Image
Strategic vertical foreign investment under exchange rate uncertainty
Roy, Santanu; Viaene, Jean-Marie - 1996
Persistent link: https://www.econbiz.de/10000959250