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Earning Announcements and the Components of the Bid-Ask Aspread.
Krinsky, I.; Lee, J. - Department of Economics, McMaster University - 1996
This study investigates the behaviour of the components of the bid-ask spread around earnings announcements. We find that adverse selection cost component significantly increases surrounding the announcements while the inventory holding and order processing components significantly decline...
Persistent link: https://www.econbiz.de/10005635314
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Bidding Rings in Repeated Auctions.
Skrzypacz, A.; Hopenhayn, H. - University of Rochester - Center for Economic Research … - 1999
private information of bidders precludes any collusive scheme beyond bid rotation (BRS), even when the cartel has unlimited …
Persistent link: https://www.econbiz.de/10005200775
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Researching Preferences, Valuation and Hypothetical Bias
Guzman, Rolando; Kolstad, Charles - In: Environmental & Resource Economics 37 (2007) 3, pp. 465-487
are uncertain about preferences but with effort may narrow their uncertainty. This issue has arisen in formulating bids in … theoretical model and experimental evidence to contribute to this debate. The model is a model of competitive bidding for a … of their own value for the private good but may purchase information about their own value (researching preferences). The …
Persistent link: https://www.econbiz.de/10005684454
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Multibidding game under uncertainty
Veszteg, Róbert - In: Review of Economic Design 14 (2010) 3, pp. 311-329
Persistent link: https://www.econbiz.de/10008673880
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On the Strategic Origin of Brownian Motion in Finance.
De Meyer, B.; Moussa Saley, H. - Center for Operations Research and Econometrics (CORE), … - 2000
This paper is concerned with the stategic use of a private information on the stock market. A repeated auction model is … used to analyze the evolution of the price system on a market with asymmetric information. The model turns out to be a zero …-sum repeated game with one-sided information, as introduced by Aumann and Maschler. …
Persistent link: https://www.econbiz.de/10005207634
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How costly is the honest signaling of need?
Noeldeke, G.; Samuelson, L. - Wisconsin Madison - Social Systems - 1998
Persistent link: https://www.econbiz.de/10005795308
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Pathological Outcomes of Observational Learning.
Smith, L.; Sorensen, P. - Economics Group, Nuffield College, University of Oxford - 1996
This paper systematically analyzes and enriches the observational learning paradigm of Banerjee (1992) and Bikhchandani, Hirshleifer, and Welch (1992).
Persistent link: https://www.econbiz.de/10005687576
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RIGGING THE LOBBYING PROCESS: AN APPLICATION OF THE ALL- PAY AUCTION.
BAYE, M.R.; KOVENOCK, D.; DE VRIES, C.G. - Krannert School of Management, Purdue University - 1991
Persistent link: https://www.econbiz.de/10005616551
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Asset Pricing Lessons for Modeling Business Cycles.
Boldrin, M.; Christiano, L.J.; Fischer, J.D.M. - Banca d'Italia - 1996
We develop a model which accounts for the observed equity premium and average risk free rate, without implying counterfactually high risk aversion. The model also does well in accounting for business cycle phenomena.
Persistent link: https://www.econbiz.de/10005640901
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Rhetoric and Analogies.
Aragones, E.; Gilboa, I.; Postlewaite, A.; Schmeidler, D. - Foerder Institute for Economic Research, Eitan Berglas … - 2001
information. One technique heavily used by rhetoric employs analogies. Using analogies, one may draw the listener`s attention to … similarities between cases and to re-organize existing information in a way that highlights certain regularities. In this paper we … offer two models of analogies, discuss their theoretical equivalence, and show that finding good analogies is a …
Persistent link: https://www.econbiz.de/10005647208