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The perspectives for genetically modified cellulosic ethanol in the Czech Republic
Blahova, Pavla; Janda, Karel; Kristoufek, Ladislav - 2014
This paper connects the biofuels literature with genetic modifications literature by considering the potential of genetic modifications for increasing the efficiency of cellulosic biofuels production. This is done for one particular case through analyzing the effect of genetically modified corn...
Persistent link: https://www.econbiz.de/10010420214
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Market conditions, default risk and credit spreads
Tang, Dragon Yongjun; Yan, Hong - 2008
This study empirically examine the impact of market conditions on credit spreads as motivated by recently developed structural credit risk models. Using credit default swap (CDS) spreads, we find that, in the time series, average credit spreads are decreasing in GDP growth rate, but increasing...
Persistent link: https://www.econbiz.de/10010295945
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Limit-Order Submission Strategies under Asymmetric Information
Menkhoff, Lukas; Osler, Carol Lee; Schmeling, Maik - 2010
This paper provides evidence that informed traders dominate the response of limit-order submissions to shocks in a pure limit-order market. In the market we study, informed traders are highly sensitive to spreads, volatility, momentum and depth. By contrast, uninformed traders are relatively...
Persistent link: https://www.econbiz.de/10010276123
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Regime-switching determinants of mutual fund performance in South Africa
Apau, Richard; Moores-Pitt, Peter; Muzindutsi, Paul-Francois - In: Economies 9 (2021) 4, pp. 1-20
This study assesses the effect of fund-level and systemic factors on the performance of mutual funds in the context of changing market conditions. A Markov regime-switching model is used to analyze the performance of 33 South African equity mutual funds from 2006 to 2019. From the results, fund...
Persistent link: https://www.econbiz.de/10013199899
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Different samples, different results? How sampling techniques affect the results of field experiments on ethnic discrimination
Auspurg, Katrin; Schneck, Andreas; Thiel, Fabian - In: Research in Social Stratification and Mobility forthcoming (2020)
This paper explores a possible sampling bias in field experiments through a unique combination of a large-scale field experiment on ethnic discrimination in the German rental housing market (N = 2,992 tested apartments) and data on the internet housing market where the apartments were sampled...
Persistent link: https://www.econbiz.de/10012160883
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Benefits of relationship banking: Evidence from consumer credit markets
Agarwal, Sumit; Chomsisengphet, Souphala; Liu, Chunlin; … - 2009
This paper empirically examines the benefits of relationship banking to banks, in the context of consumer credit markets. Using a unique panel dataset that contains comprehensive information about the relationships between a large bank and its credit card customers, we estimate the effects of...
Persistent link: https://www.econbiz.de/10010292093
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Estimating aggregate capital stocks using the perpetual inventory method: New empirical evidence for 103 countries
Berlemann, Michael; Wesselhöft, Jan-Erik - 2012
The lack of internationally comparable capital stock data has been a major obstacle to empirical studies of the contribution of the capital stock to economic growth. In this paper, we provide estimations of aggregate capital stocks for 103 countries in 2010. Depending on data availability the...
Persistent link: https://www.econbiz.de/10010292646
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An integrated CVaR and real options approach to investments in the energy sector
Fortin, Ines; Fuss, Sabine; Hlouskova, Jaroslava; … - 2007
this new framework to investments in the electricity sector. In particular, a real options model is used to assess the …
Persistent link: https://www.econbiz.de/10010294022
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Investments and the holdup problem in a matching market
Bester, Helmut - 2009
frictions, both parties in a match are partially locked-in when they bargain over the joint surplus from their sunk investments … case of investments in homogenous capital only the agents on the short side acquire ownership of capital. There is always …
Persistent link: https://www.econbiz.de/10010299160
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Mobile network interconnection and investments
Veith, Tobias - 2009
Abstract In markets with competing interconnected networks like mobile telecommunication markets investments affect the … investor’s and also any competitors’ profits. In a theoretical model it is shown that cost-reducing investments reduce the …, investments increase off-net traffic from the investor’s network but also from competitors’ networks. Regulation changes the …
Persistent link: https://www.econbiz.de/10010299497