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Traders' values and information typically consist of both private and common-value elements. In such environments, full allocative efficiency is impossible when the private rate of information substitution differs from the social rate (Jehiel and Moldovanu, 2001). We link this impossibility...
Persistent link: https://www.econbiz.de/10010316881
We first report that one-minute returns on TOPIX have exhibited significant autocorrelation at five-minute intervals since 1997/98, which implies there is an arbitrage opportunity. Special quotes that are issued whenever there is a price jump in excess of a predetermined band seem to be the...
Persistent link: https://www.econbiz.de/10010332467
In recent years, especially in the aftermath of the global financial meltdown, the performance of South Asia capital markets has attracted the attention of the researchers and investors across the globe. The resilient shown provides the impetus to examine the efficient market hypothesis in these...
Persistent link: https://www.econbiz.de/10011938297
Dieser Beitrag beschäftigt sich mit den Theoriebeiträgen der Fundamentaldatenanalyse, der Effizienzmarkthypothese und … auf volatilen Märkten ihre Spielzüge optimieren können. Die Effizienzmarkthypothese versucht stattdessen, den … die Effizienzmarkthypothese trotz realitätsferner Annahmen die Behavioral Finance nicht nur hinsichtlich des Grades der …
Persistent link: https://www.econbiz.de/10011733818
Isobar surfaces, a method for describing the overall shape of multidimensional data, are estimated by nonparametric regression and used to evaluate the efficiency of selected markets based on returns of their stock market indices.
Persistent link: https://www.econbiz.de/10010322194
Persistent link: https://www.econbiz.de/10015206893
Die Untersuchung leistet einen Beitrag zur metaphorologischen Analyse des Neuen Autoritarismus. Ausgangspunkt ist die Annahme, dass Autokratisierungsprozesse unter der Schwelle rationaler Bewegungsmomente durch die Erneuerung politischer Verkörperungsmythen gekennzeichnet sind. Am Beispiel der...
Persistent link: https://www.econbiz.de/10014501334
In the context of Turkey's accession to the EU, the issue of potential migration from Turkey and its impact upon … European labor markets became one of the concerns of the EU, considering Turkey's growing population and young labor force. In … 2011, half a century after the bi-lateral agreement between Turkey and Germany on labor recruitment in 1961, migration …
Persistent link: https://www.econbiz.de/10010308135
first motivation is to discuss overall industrial policy developments in Turkey since 1980s. Secondly, we aim to recommend … feasible selective industrial policies for Turkey to support structural transformation. Thirdly, we comment on new Industrial … Policy Strategy in Turkey. In that respect, our three basic research questions are, firstly, "is there still any meaningful …
Persistent link: https://www.econbiz.de/10010320449
Turkey's top 1000 data using an extended version of the method of Davidson et al. (2009). My sample strongly supports the …
Persistent link: https://www.econbiz.de/10010320453