Showing 1 - 10 of 1,950
This paper presents an analysis of ethanol-gasoline price ratio in Brazil from 2000 to 2012. Since 2008 Brazilian … annual inflation in Brazil is around 5% per year and increase in costs is transferred to ethanol prices this explain why … ethanol consumption decays while gasoline consumption boosts. In Brazil, consumers are often told that ethanol is more …
Persistent link: https://www.econbiz.de/10011098712
improve the national infrastructure, particularly in the ports in northern Brazil, could lead to large improvements in the … in Brasilien zu ermitteln, wurde eine Markt- und Kostenanalyse für vier Anbaugebiete im Sorriso-Santos-Korridor mit … auf dem Weltmarkt gehört Brasilien zu den Hauptversorgern der weltweiten Sojanachfrage. Der Einfluss von Logistik und …
Persistent link: https://www.econbiz.de/10010985835
". The early contracts tend to be initiated by insiders who tender limit orders. The emergence of bubbles and mirages in the …
Persistent link: https://www.econbiz.de/10005487359
. Speculative bubbles arise as a complex non-linear dynamic phenomenon brought about naturally by the dynamic interaction of …
Persistent link: https://www.econbiz.de/10005495431
collapsing bubbles story about Irish agricultural land prices. …
Persistent link: https://www.econbiz.de/10005424459
series and the absence of asset pricing valuation bubbles in stochastic economies with sequential markets. This series, in …
Persistent link: https://www.econbiz.de/10005370704
speculative bubbles may survive at full subgame-perfect equilibria. …
Persistent link: https://www.econbiz.de/10005385255
We study whether information about imminent future dividends can abate bubbles in experimental asset markets. Using the … have smaller, and shorter, bubbles than markets with symmetrically informed or uninformed traders. Hence, fundamental … about the future prospects of an asset. We also find that asymmetric information has a similar abating impact on bubbles as …
Persistent link: https://www.econbiz.de/10005399046
In this article we provide evidence for a rational bubble in S\&P 500 stock prices by applying a test for changing persistence under fractional integration proposed by Sibbertsen and Kruse (2007). We find strong evidence for stationary long memory before the estimated change point in 1955 and a...
Persistent link: https://www.econbiz.de/10005464689
This paper deals with the role of bubbles, having the same meaning as Ponzi games, for implementing efficient growth … paths in a closed economy overlapping generations model. It is shown that the well-known arbitrage condition for bubbles … for a Pareto-improvement compared to a perfect-foresight equilibrium without bubbles. A consequence of this fact is that …
Persistent link: https://www.econbiz.de/10004968195