Showing 1 - 10 of 43
January 2003, due to the destruction of a railway bridge at Rivirivi, Balaka. Estimations are based on monthly market prices …-2006. Market-pairs connected by rail when the railway line was operational, are intervention observations. Railway transport …
Persistent link: https://www.econbiz.de/10014135614
time (20 days) and money (USD 122,000) to obtain a halal certification. Mainly, this is because the market is very … concentrated and forms a closed circuit. About 20 Sharia scholars control more than half the market, of which the top 3 earn an … estimated USD 4.5 mln in fees per year. Moreover this market seems plagued by a number of problems, most notably a strong …
Persistent link: https://www.econbiz.de/10013117973
The article develops R.H.Coase's insight that the level of transaction costs in the market determines the amount of …
Persistent link: https://www.econbiz.de/10010706878
through the market and vertical forms through the hierarchy. As EDM events are characterised by much asset specificity, the …
Persistent link: https://www.econbiz.de/10013050268
For utility maximization problems under proportional transaction costs, it has been observed that the original market … with transaction costs can sometimes be replaced by a frictionless {\em shadow market} that yields the same optimal … short selling constraints are a sufficient condition to warrant their existence, even in very general multi-currency market …
Persistent link: https://www.econbiz.de/10010861554
This article compares the cost of trading large capitalisation equities on the hybrid order-driven segment of the London Stock Exchange and the centralised electronic order book of Euronext. Using samples of stocks matched according to economic sector, free float capitalisation, and trading...
Persistent link: https://www.econbiz.de/10010905293
Inspired by the theory of financial markets with transaction costs, we study a concept of essential supremum in the framework where a random partial order in View the MathML source is lifted to the space View the MathML source of d-dimensional random variables. In contrast to the classical...
Persistent link: https://www.econbiz.de/10010721349
Municipalities may have various motives for decisions on the mode of their task execution. Empirical studies – based on both public choice and transaction costs theory - have not yet provided a fully comprehensive explanation for municipal contracting out decisions. Therefore, we held...
Persistent link: https://www.econbiz.de/10014188345
An essential element of any realistic investment portfolio selection is the consideration of transaction costs. Our purpose, in this paper, is to determine the maximum return and the corresponding number of securities to buy giving such return, whenever practical constraints features related to...
Persistent link: https://www.econbiz.de/10010748209
We extend the Robust No Free Lunch (RNFL) theorem formulated for discrete-time models with proportional transaction costs to general continuous-time settings. We prove that the (RNFL) condition is equivalent to the existence of a strictly consistent price system, i.e. a martingale evolving in...
Persistent link: https://www.econbiz.de/10010707588