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A lattice model with incomplete information: A credit risk application

Cherubini, Umberto; Mulinacci, Sabrina; Romagnoli, Silvia - In: Statistics & Decisions 26 (2008) 2, pp. 75-88

Abstract We design a discrete time arbitrage-free model under incomplete information for application to credit risk models in the spirit of Duffie and Lando (2001). We assume a fundamental value process evolving according to a complete market model and a sequence of imperfect signals conveying...

Persistent link: https://www.econbiz.de/10014621360

Optimal Advertisement Spending in a Duopoly with Incomplete Information

Shaikh, Nazrul I.; Castro, Luis E. - In: International Journal of Business Analytics (IJBAN) 5 (2018) 3, pp. 1-21

This article presents the relationship between a firm's advertisement spending and sales in a duopoly when information about the competitors' advertisement spending is unavailable. The competitive interaction between the firms has been modeled as imperfect information Cournot and Stackelberg...

Persistent link: https://www.econbiz.de/10012043204

A Heuristic Approach for Ranking Items Based on Inputs from Multiple Experts

Xu, Dong; Shaikh, Nazrul I. - In: International Journal of Information Systems and Social … 9 (2018) 3, pp. 1-22

This article describes how rank aggregation focuses on synthesizing a single ranked list based on rankings supplied by multiple judges. Such aggregations are widely applied in the areas of information retrieval, web search, and data mining. The problem of rank aggregation has been shown to be...

Persistent link: https://www.econbiz.de/10012045773

Nonpoint Source Pollution When Polluters Might Cooperate

Millock, Katrin; Salanié, François - In: The B.E. Journal of Economic Analysis & Policy 5 (2005) 1

Abstract In a model of nonpoint source pollution, we extend the theory of ambient taxes to the case when polluters …

Persistent link: https://www.econbiz.de/10014586834

Rationalization and Incomplete Information

Battigalli, Pierpaolo; Siniscalchi, Marciano - In: Advances in Theoretical Economics 3 (2003) 1

We analyze a family of extensive-form solution procedures for games with incomplete information that do not require the specification of an epistemic type space a la Harsanyi, but can accommodate a (commonly known) collection of explicit restrictions D on first-order beliefs. For any fixed D we...

Persistent link: https://www.econbiz.de/10014588989

A systematic procedure for finding Perfect Bayesian Equilibria in Incomplete Information Games

Munoz-Garcia, Felix - In: Journal of Industrial Organization Education 6 (2012) 1

Abstract This paper provides a non-technical introduction to a procedure to find Perfect Bayesian equilibria (PBEs) in incomplete information games. Despite the rapidly expanding literature on industrial organization that uses PBE as its main solution concept, most undergraduate and graduate...

Persistent link: https://www.econbiz.de/10014613566

Outsourcing under incomplete information

Kabiraj, Tarun; Sinha, Uday Bhanu - In: Indian Growth and Development Review 10 (2017) 1, pp. 3-15

Purpose The purpose of this paper is to show that outsourcing can occur as outcome of a separating or pooling perfect Bayesian equilibrium although it is not profitable under complete information. Therefore, asymmetric information can itself be a reason for outsourcing....

Persistent link: https://www.econbiz.de/10014758996

Bias and Size Effects of Price-Comparison Platforms: Theory and Experimental Evidence

García-Gallego, Aurora; Georgantzís, Nikolaos; … - In: Review of Network Economics 15 (2017) 1, pp. 1-34

Abstract We analyze the impact on consumer prices of some information characteristics of price-comparison search platforms. An equilibrium model where vendors compete in prices and consumers do not observe prices, but can obtain price information through a search platform, is developed. The...

Persistent link: https://www.econbiz.de/10014618876

Internal organisational factors influencing corporate social and ethical reporting : Beyond current theorising

Adams, Carol A. - In: Accounting, Auditing & Accountability Journal 15 (2002) 2, pp. 223-250

Prior empirical research into factors which are influential in determining the extent and nature of corporate social reporting has primarily been concerned with the impact of corporate characteristics (such as size and industry grouping) or general contextual factors (such as the social,...

Persistent link: https://www.econbiz.de/10014640916

A literary theory perspective on accounting : Towards heteroglossic accounting reports

Macintosh, Norman B.; Baker, C. Richard - In: Accounting, Auditing & Accountability Journal 15 (2002) 2, pp. 184-222

This paper adopts a literary theory perspective to depict accounting reports and information as texts rather than as … economic commodities and so available for analysis from the vantage point of semiotic linguistic theory. In doing so it takes … dominant genres of literary theory – expressive realism, the new criticism, structuralism, and deconstructionism – to …

Persistent link: https://www.econbiz.de/10014640922