Narrow search
Showing 1 - 10 of 1,789
Cover Image
Strategic pricing of financial options
Bieta, Volker; Broll, Udo; Milde, Hellmuth; Siebel, Wilfried - 2009
The mainstream model of option pricing is based on an exogenously given process of price movements. The implication of this assumption is that price movements are not affected by actions of market participants. However, if we assume that there are indeed impacts on the price movements it no...
Persistent link: https://www.econbiz.de/10010301361
Cover Image
Price Rigidity and Strategic Uncertainty An Agent-based Approach
Somogyi, Róbert; Vincze, János - 2011
The phenomenon of infrequent price changes has troubled economists for decades. Intuitively one feels that for most price-setters there exists a range of inaction, i.e. a substantial measure of the states of the world, within which they do not wish to modify prevailing prices. However, basic...
Persistent link: https://www.econbiz.de/10010494473
Cover Image
On the scientific status of economic policy: A tale of alternative paradigms
Fagiolo, Giorgio; Roventini, Andrea - 2008
In the last years, a number of contributions has argued that monetary - and, more generally, economic - policy is finally becoming more of a science. According to these authors, policy rules implemented by central banks are nowadays well supported by a theoretical framework (the New Neoclassical...
Persistent link: https://www.econbiz.de/10010328656
Cover Image
Bubbles and crashes: Gradient dynamics in financial markets
Friedman, Daniel; Abraham, Ralph - 2009
Fund managers respond to the payoff gradient by continuously adjusting leverage in our analytic and simulation models. The base model has a stable equilibrium with classic properties. However, bubbles and crashes occur in extended models incorporating an endogenous market risk premium based on...
Persistent link: https://www.econbiz.de/10010288133
Cover Image
Minority voting and long-term decisions
Gersbach, Hans; Fahrenberger, Theresa - 2008
In this paper we propose minority voting as a scheme that can partially protect individuals from the risk of repeated …: voting winners, voting losers, and absentees. Under minority voting only voting losers keep the voting right in the second … period. We show that as soon as absolute risk aversion exceeds a threshold value minority voting is superior to repeated …
Persistent link: https://www.econbiz.de/10010264290
Cover Image
Storable Votes: Giving Voice to Minority Preferences without Sacrificing Efficiency
Casella, Alessandra; Palfrey, Thomas; Riezman, Raymond - In: CESifo DICE Report 05 (2007) 3, pp. 17-22
Persistent link: https://www.econbiz.de/10011696620
Cover Image
Minority Voting and Long-term Decisions
Fahrenberger, Theresa; Gersbach, Hans - 2007
In this paper we propose minority voting as a scheme that can partially protect individuals from the risk of repeated …: voting winners, voting losers, and absentees. Under minority voting only voting losers keep the voting right in the second … period. We show that as soon as absolute risk aversion exceeds a threshold value minority voting is superior to repeated …
Persistent link: https://www.econbiz.de/10011753134
Cover Image
International migration, ethnicity and economic inequality
Kahanec, Martin; Zimmermann, Klaus F. - 2008
While the allocative efficiency of mobility is typically considered to be positive but small in the long run, the induced changes in equality may be considerable in size. In practice, however, migrants typically improve their income position in comparison to those at home, stimulate the economic...
Persistent link: https://www.econbiz.de/10010268747
Cover Image
Am treffendsten als "dezentralisierter Einheitsstaat" zu charakterisieren: Italien: Regionalismus, Regionen mit Normal- und mit Sonderstatut
Merkel, Wolfgang - In: Der Bürger im Staat: Zeitschrift für Multiplikatoren … 37 (1987) 2, pp. 102-108
Persistent link: https://www.econbiz.de/10011295063
Cover Image
The nature and extent of job separations in Germany: some new evidence from SOEP
Haile, Getinet A. - 2009
findings of the study suggest, among others, that minority group status is important in characterising job separations …
Persistent link: https://www.econbiz.de/10010274176