Similar Search Results

A dynamic model of investor decision-making : how adaptation to losses affects future selling decisions

Lee, Carmen; Kräussl, Roman; Lucas, André; Paas, … - 2008

performance, together influence the decision to hold on to or to capitulate on an investment. We study the relative contribution … decision to capitulate an investment, however, only depends directly on the expectation about the stock’s future performance …. The adaptation level, by contrast, affects the actual investment decision indirectly via its impact on expectations. …

Persistent link: https://www.econbiz.de/10011377365

Why does centralisation fail to internalise policy externalities?

Dur, Robert A. J.; Roelfsema, Hein J. - 2003 - Rev.

We provide an explanation why centralisation of political decision makingresults in overspending in some policy domains …

Persistent link: https://www.econbiz.de/10011326940

Strategies of search

Sonnemans, Joep - 1996

Persistent link: https://www.econbiz.de/10000934368

Inflation, endogenous market segmentation and the term structure of interest rates

Vries, Casper G. de; Wang, Xuedong - 2015

The term structure of interest rates does not adhere to the expectations hypothesis, possibly due to a risk premium. We consider the implications of a risk premium that arises from endogenous market segmentation driven by variable inflation rates. In the absence of autocorrelation in inflation,...

Persistent link: https://www.econbiz.de/10010532587

Multi-store competition : market segmentation or interlacing?

Janssen, Maarten C. W.; Karamychev, Vladimir A.; … - 2004

This paper develops a model for multi-store competition between firms. Using thefact that different firms have different outlets and produce horizontally differentiated goods, we obtain a pure strategy equilibrium where firms choose a different location for each outlet and firms' locations are...

Persistent link: https://www.econbiz.de/10011333253

Strategic targeted advertising

Galeotti, Andrea; Moraga-González, José Luis - 2003

We present a strategic game of pricing and targeted-advertising. Firms cansimultaneously target priceadvertisements to different groups of customers, or to the entiremarket. Pure strategy equilibria do not exist and thus marketsegmentation cannot occur surely. Equilibria exhibit random...

Persistent link: https://www.econbiz.de/10011333902