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This survey reviews the economic thoughts about what and why do institutional market players lose because of the existing market frictions and particular financial market microstructures compared to walrasian markets. Within a unified microeconomic framework, we introduce the most common...
Persistent link: https://www.econbiz.de/10010494600
This survey reviews the economic thoughts about what and why do institutional market players lose because of the existing market frictions and particular financial market microstructures compared to walrasian markets. Within a unified microeconomic framework, we introduce the most common...
Persistent link: https://www.econbiz.de/10010402552
competitive general equilibrium where goods prices, technology and factor supplies jointly determine outputs and factor prices. We …, prices, and factor supplies. The model is based on the neoclassical theory of production, and is implemented by assuming that … GDP is a function of prices, technology levels, and supplies of capital and different types of labor. We treat final goods …
Persistent link: https://www.econbiz.de/10005420516
time. Primarily, they quote prices for investors, thus providing liquidity on the customer market. But they also trade with …
Persistent link: https://www.econbiz.de/10011444420
time. Primarily, they quote prices for investors, thus providing liquidity on the customer market. But they also trade with …
Persistent link: https://www.econbiz.de/10010530069
Movements in the prices of different assets are likely to directly influence one another. This paper identifies the … contemporaneous interactions between asset prices in U.S. financial markets by relying on the heteroskedasticity in their movements … variables. Accounting for this behavior is critical for interpreting daily changes in asset prices and for predicting the future …
Persistent link: https://www.econbiz.de/10005721119