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On Teaching Price Elasticity of Demand and Change in Revenue due to Price Change -- A Synthesis with and without Calculus
Wei, Jong-Shin - In: International Journal of Business and Economics 12 (2013) 1, pp. 1-14
Price elasticity of demand measures how much, in terms of percentage change, the quantity demanded responds to a change … in price. In this pedagogical note, first we intuitively introduce the very first notion of price elasticity, which is a … in quantity demanded. Next, we show how this measure becomes "point" price elasticity of demand when demand is linear …
Persistent link: https://www.econbiz.de/10010837295
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Interval and fuzzy Average Internal Rate of Return for investment appraisal
Guerra, Maria Letizia; Magni, Carlo Alberto; Stefanini, … - MASTER CONSULTORES - 2012
In investment appraisal, uncertainty can be managed through intervals or fuzzy numbers because the arithmetical …
Persistent link: https://www.econbiz.de/10010762973
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The Impact of Oil Price on the Stock Market - L’impatto del prezzo del petrolio sul mercato azionario
Alghalith, Moawia; Polius, Tracy; Franklin, Martin - In: Economia Internazionale / International Economics 67 (2014) 4, pp. 433-438
Using a dynamic (stochastic-factor) portfolio model, we devise a method to estimate the impact of the oil price on the stock market. We apply our approach to the Jamaican financial market. Our result indicates a negative weak relationship between the oil price and the stock index. - Attraverso...
Persistent link: https://www.econbiz.de/10011165624
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The Appeal of Information Transactions
Cabrales, Antonio; Gossner, Olivier; Serrano, Roberto - Departamento de Economía, Universidad Carlos III de Madrid - 2012
An information transaction entails the purchase of information. Formally, it consists of an information structure together with a price. We develop an index of the appeal of information transactions, which is derived as a dual to the agent’s preferences for information. The index of...
Persistent link: https://www.econbiz.de/10010570903
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The technological theory of production and a method of decomposition of the rate of GDP in terms of labour and capital services
Pokrovski, Vladimir - EconWPA - 2003
It is assumed that performance of production system can be described with the three variables: amount of production equipment -- capital stock $K$ and 'consumption' of labour L and capital services S. It is shown that the production function can be specified as the known Cobb- Douglas production...
Persistent link: https://www.econbiz.de/10005134973
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Pricing of Contingent Claims from Discrete to Continuous Time Models: On the Robustness of the Black and Scholes Formula.
Prigent, J.L. - Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor. - 1995
Persistent link: https://www.econbiz.de/10005775612
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Developpement limite d'une diffusion en temps petit. Estimation du prix d'une option sur maxima proche de sa maturite.
Corbin, O.; Leblanc, B. - 1996
Estimation du prix d'une option sur maximum proche de sa maturite. …
Persistent link: https://www.econbiz.de/10005780834
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Stochastic Volatility.
Ghysels, E.; Harvey, A.; Renault, E. - Centre Interuniversitaire de Recherche en Économie … - 1996
This paper prepared for the Handbook of Statistics (Vol.14: "Statistical Methods in Finance"), surveys the subject of stochastic volatility. The following subjects are covered: volatility in financial markets (instantaneous volatility of asset returns, implied volatilities in option prices and...
Persistent link: https://www.econbiz.de/10005729567
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Non-Gaussian OU Based Models and Some of their Uses in Financial Economics and Modelling by Levy Processes for Financial Econometrics.
Barndorff-Nielsen, O.E.; Shepard, N. - Economics Group, Nuffield College, University of Oxford - 2000
Non-Gaussian processes of Ornsetin-Uhlenbeck type, or OU processes for short, offer the possibility of capturing important distributional deviations from Gaussianity and for flexible modeling of dependence structure. This paper develops this potential, drawing on and extending powerful results...
Persistent link: https://www.econbiz.de/10005687562
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Finding Starting-Values for the Estimation of Vector STAR Models
Schleer, Frauke - In: Econometrics 3 (2015) 1, pp. 65-90
This paper focuses on finding starting-values for the estimation of Vector STAR models. Based on a Monte Carlo study …
Persistent link: https://www.econbiz.de/10011147134