Narrow search
Showing 1 - 10 of 219
Cover Image
Short Sales and Trade Classification Algorithms
Asquith, Paul - 2010
This paper demonstrates that short sales are often misclassified as buyer-initiated by the Lee-Ready and other commonly used trade classification algorithms. This result is due in part to regulations which require short sales be executed on an uptick or zero-uptick. In addition, while the...
Persistent link: https://www.econbiz.de/10012758604
Cover Image
Do Fire Sales Create Externalities?
Chernenko, Sergey - 2018
We develop three novel measures of how much of the price impact of their trading different mutual funds internalize. We show that mutual funds that internalize more of their price impact hold larger cash buffers and use these buffers more aggressively to accommodate inflows and outflows. As a...
Persistent link: https://www.econbiz.de/10012910298
Cover Image
Sales Mechanisms in Online Markets : What Happened to Internet Auctions?
Einav, Liran - 2015
Consumer auctions were very popular in the early days of internet commerce, but today online sellers mostly use posted prices. Data from eBay shows that compositional shifts in the items being sold, or the sellers offering these items, cannot account for this evolution. Instead, the returns to...
Persistent link: https://www.econbiz.de/10013035630
Cover Image
The Limits of Reputation in Platform Markets : An Empirical Analysis and Field Experiment
Nosko, Chris - 2015
We argue that reputation mechanisms used by platform markets suffer from two problems. First, buyers may draw conclusions about the quality of the platform from single transactions, causing a reputational externality across sellers. Second, for a variety of reasons we discuss, reputations will...
Persistent link: https://www.econbiz.de/10013030621
Cover Image
When are Auctions Best?
Bulow, Jeremy - 2007
We compare the two most common bidding processes for selling a company or other asset when participation is costly to …
Persistent link: https://www.econbiz.de/10012776464
Cover Image
Buying Reputation as a Signal of Quality : Evidence from an Online Marketplace
Li, Lingfang (Ivy) - 2016
Reputation is critical to foster trust in online marketplaces, yet leaving feedback is a public good that can be under-provided unless buyers are rewarded for it. Signaling theory implies that only high quality sellers would reward buyers for truthful feedback. We explore this scope for...
Persistent link: https://www.econbiz.de/10012983684
Cover Image
Fire Sales in Finance and Macroeconomics
Shleifer, Andrei - 2010
Fire sales are forced sales of assets in which high-valuation bidders are sidelined, typically due to debt overhang problems afflicting many specialist bidders simultaneously. We overview theoretical and empirical research on asset fire sales, which shows how they can arise, how they can lead to...
Persistent link: https://www.econbiz.de/10013134890
Cover Image
Do Firms Use Coupons and In-Store Discounts to Strategically Market Experience Goods Over the Consumption Life-Cycle? The Case of Cigarettes
Sfekas, Andrew - 2014
whether firms discount cigarettes in ways consistent with a life-cycle consumption model. We find that the three highest-selling …
Persistent link: https://www.econbiz.de/10013063292
Cover Image
Strategic Incompatibility in ATM Markets
Knittel, Christopher R.; Stango, Victor - 2021
We test whether firms use incompatibility strategically, using data from ATM markets. High ATM fees degrade the value of competitors' deposit accounts, and can in principle serve as a mechanism for siphoning depositors away from competitors or for creating deposit account differentiation. Our...
Persistent link: https://www.econbiz.de/10013311957
Cover Image
ABC at Insteel Industries
Narayanan, V. G.; Sarkar, Ratna G. - 2021
product and customer-related decisions made by managers in a company. Proponents of ABC argue that when an entity implements … analysis may not have any impact on a firm for two reasons. (1) It may not reveal any new information to the managers who … intuitively know already what an ABC system formally captures. (2) Key managers may reject the ABC numbers and be unwilling to …
Persistent link: https://www.econbiz.de/10013228011