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Fear of Crashes and Over-Reaction to Bad Shocks
Cujean, Julien; Hasler, Michael - National Centre of Competence in Research - Financial … - 2011
Our purpose is to show how large difference of beliefs induced by fear of crashesis amenable to large and persistent price responses to contemporaneous shocks. Weconstruct a pure exchange economy populated by two agents who estimate strictlydifferent models regarding the fundamental. In...
Persistent link: https://www.econbiz.de/10009486814
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House Price Dynamics and Dispersed Information
Favara, Giovanni; Song, Zheng - National Centre of Competence in Research - Financial … - 2010
We use a user-cost model to study how dispersed information among housing marketparticipants a¤ects the equilibrium … speculate onprice changes. Information dispersion leads agents to have heterogeneous expectationsabout housing demand and prices …
Persistent link: https://www.econbiz.de/10009522191
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PRICE DISCOVERY IN CURRENCY MARKETS
Osler, Carol; Mende, Alexander; Menkhoff, Lukas - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2006
spreads are inversely related to a trade’s likely information content. Second,the paper suggests three potential sources for … the pattern of customer spreads, two of which rely onthe information structure of the market.[...] …
Persistent link: https://www.econbiz.de/10005867482
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Local Information in Foreign Exchange Markets
Menkhoff, Lukas; Schmeling, Maik - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2006
regions. These regions are – as predicted by the local information hypothesis –centers of political and financial decision …
Persistent link: https://www.econbiz.de/10005867509
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EXTREME ADVERSE SELECTION, COMPETITIVE PRICING,AND MARKET BREAKDOWN
Mailath, George J.; Nöldeke, Georg - University of Pennsylvania <Philadelphia, Pa.> / …; … - 2006
Extreme adverse selection arises when private information has unboundedsupport, and market breakdown occurs when no … support of private information converges to an unboundedsupport. A necessary and sufficient condition for market breakdown is …
Persistent link: https://www.econbiz.de/10005867928
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Market Indicators, Bank Fragility, and Indirect Market Discipline
Gropp, Reint; Vesala, Jukka; Vulpes, Giuseppe - European Central Bank; UniCredit Group <Milano> - 2004
reflect contemporaneous information about bank riskin the United States and in Europe.2 In our study, we firstexamine the … earnings expectations, andincreasing in earnings volatility and leverage. Using simpleoption-pricing theory, we show that the …
Persistent link: https://www.econbiz.de/10005869753
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The benefit of information reduction for trading strategies
Schittenkopf, Christian; Dorffner, Georg; Tiňo, Peter - 2000
Motivated by previous findings that discretization of financial time series can effectively filter the data and reduce the noise, this experimental study compares the trading performance of predictive models based on different modelling paradigms in a realistic setting. Different methods ranging...
Persistent link: https://www.econbiz.de/10005841653
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Gelingende Kommunikation ist Information
Bergmann, Gustav - Universität <Siegen> / Lehrstuhl für Marketing - 2002
Vorliegendes Arbeitspapier beschäftigt sich mit Kommunikationsmanagement und entwickelt einen systematischen Ansatz.
Persistent link: https://www.econbiz.de/10005847958
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Lernen im Marketing
Bergmann, Gustav - Universität <Siegen> / Lehrstuhl für Marketing - 2001
Vorliegendes Arbeitspapier beschäftigt sich mit den Formen des individuellen und kollektiven Lernens. Beantwortet werden soll dabei die Frage in wie weit wesentliche Informationen selektiert und zu handlungslietenden Muster systematisiert werden können.
Persistent link: https://www.econbiz.de/10005847965
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Organisation, Kommunikation und Architektur
Matiaske, Wenzel - 2002
Persistent link: https://www.econbiz.de/10005848556