Showing 1 - 10 of 152
subject in the earlier stages, and as a result, acquire more information. We show that players do delay their decisions in … order to obtain more information. Furthermore, they delay especially when their private information does not particularly …
Persistent link: https://www.econbiz.de/10010994708
investigates the impact of a positively correlated driver whose correlation function decreases monotonically with lag on the delay …, delay estimation of increment process as opposed to the original process under certain implicit constraints is explored …
Persistent link: https://www.econbiz.de/10010873338
synchronization of its partial variables. Furthermore, based on the Halanay inequality technique, some delay-independent criteria are …
Persistent link: https://www.econbiz.de/10010874054
In this paper, we extend a delayed geometric Brownian model by adding a stochastic volatility term, which is driven by a hidden process of fast mean reverting diffusion, to the delayed model. Combining a martingale approach and an asymptotic method, we develop a theory for option pricing under...
Persistent link: https://www.econbiz.de/10010874388
One of the striking aspects of recent sovereign debt restructurings is, conditional on default, delay length is …-period delay. The results from our analysis show that there is a correlation between delay length and size of haircut. Such results …
Persistent link: https://www.econbiz.de/10010877092
This paper presents a comprehensive empirical analysis of flight delay impact on airfare and flight frequency in the US … airlines tend to pass delay cost onto passengers through higher fare, whereas delay has an upward effect on flight frequency …. We find that proportionate airport delay reduction across the system can result in annual fare reduction in the order of …
Persistent link: https://www.econbiz.de/10010906627
In this paper, we find that complex networks with the Watts–Strogatz or scale-free BA random topological architecture can be synchronized more easily by pin-controlling fewer nodes than regular systems. Theoretical analysis is included by means of Lyapunov functions and linear matrix...
Persistent link: https://www.econbiz.de/10010906975
How to establish the existence of subgame perfect equilibrium (SPE) in bargaining models if no stationary SPEs (SSPEs) exist? The backward-induction technique of Shaked and Sutton (1984, Econometrica) applies to the cyclical structure of SPE payoffs and provides recursive dynamics on the bounds...
Persistent link: https://www.econbiz.de/10010940008
this polluter’s deceptive behavior. The realization of such strategic delay may partly explain the infrequency of …
Persistent link: https://www.econbiz.de/10010949601
We study the problem of an inventor who brings to the market an innovation that can be legally copied. Imitators may `enter' the market by copying the innovation at a cost or by buying from the inventor the knowledge necessary to reproduce and use the invention. The possibility of contracting...
Persistent link: https://www.econbiz.de/10011003374