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The effect of options’ introduction on underlying market is one of the frequently debated themes in financial research …. A significant body of literature addresses the question of effects of options’ introduction. The critical review of the … consensus, but there is little evidence for the destabilization effect of options. Given increasing growth of options in …
Persistent link: https://www.econbiz.de/10011258169
The contents of this paper I will try to address all those interested in studying the system of franchising, both theoreticians and practitioners in this field to contribute to the progress of this system in our country. Franchising is a reality in motion which will write more, being on time to...
Persistent link: https://www.econbiz.de/10008549615
There are historical and institutional reasons behind our economic problems like poverty and environmental damage but it is not acceptable if they persist in years to come. The strategic use of information by individual economic agents establishes a biasing effect on our economy. In case of...
Persistent link: https://www.econbiz.de/10008784638
The paper presents a comparative analysis of the peculiar institutional features of two retail markets: the middle eastern Bazaar and the western Mall (shopping center). We study the informational functions and performance of the different market institutions using an Agent Based Computational...
Persistent link: https://www.econbiz.de/10005789361
We introduce the speculation elicitation task (SET) to measure speculative tendencies of individuals. The resulting SET …
Persistent link: https://www.econbiz.de/10011206894
This paper investigates the relationship between sovereign and bank CDS spreads with reference to their ability to convey timely signals on the default risk of European sovereign countries and their banking systems. By using a sample of six major European economies, we find that sovereign and...
Persistent link: https://www.econbiz.de/10011107398
We generalize the "No-trade" theorem for finite unawareness belief structures in Heifetz, Meier, and Schipper (2009) to the infinite case.
Persistent link: https://www.econbiz.de/10008636463
This article analyzes the effect of speculation on the economic welfare from various criteria, using a simple Edgeworth … box within a three-period Walrasian competition framework. Here “speculation” is defined as a series of transition …), and economic value of speculation by Hirshleifer (1971, 1975, 1977). It is explicitly shown that the complete sharing of …
Persistent link: https://www.econbiz.de/10005789313
This paper elaborates on the economic operating system (EOS) the role it can play in growth. It focuses on markets, price determination and forces of demand and supply in order to illustrate how an EOS model offers greater economic growth, stability and safety. This paper delves into market...
Persistent link: https://www.econbiz.de/10008685520
observations on two major short-term interest rate futures contracts traded in London. The use of a panelized data set has …
Persistent link: https://www.econbiz.de/10008836450