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This paper investigates competitiveness in the Ukrainian stock market during local crisis of 2013–2015. The following hypothesis is tested: crisis decreases competitiveness in the stock market. The analysis is carried out for the most liquid stocks in the Ukrainian Exchange (UX) over the...
Persistent link: https://www.econbiz.de/10012920837
Extending Milgrom and Roberts (1982) we present an infinite horizon entry model, where the incumbent(s) may use the current price to signal its strength to deter entry. We show that, due to the importance of entrants' types on the post-entry duopoly/oligopoly profits, the incumbent(s) may want...
Persistent link: https://www.econbiz.de/10014066597
Persistent link: https://www.econbiz.de/10002720167
setting, competition may improve retailer profits and price synchronization may reduce retailer profits, both of which are …
Persistent link: https://www.econbiz.de/10014255749
further unveils product market competition as a channel through which buy orders increase manipulation profits, providing new …
Persistent link: https://www.econbiz.de/10012839910
To aid in the description and estimation of the tremendous recent growth in the collaborative economy, we provide a model for the dynamics of sharing, subject to fixed costs and imperfect price formation. The sharing economy comprises a set of infinitely lived, heterogeneous suppliers, who take...
Persistent link: https://www.econbiz.de/10013004240
Persistent link: https://www.econbiz.de/10010408477
We study empirically how competition among high-frequency traders (HFTs) affects their trading behavior and market …-frequency competition, and contains an exogenous event - a tick size reform - which we use to disentangle the effects of the rising share of … high-frequency trading in the market from the effects of high-frequency competition. We find that when HFTs compete, their …
Persistent link: https://www.econbiz.de/10012016546
In March of 2000 the New York Stock Exchange proposed a merger with The Nasdaq Stock Market. Applying a qualitative assessment to the proposed merger from the organizations' perspective it is argued that the merger would be favorable for both organizations. Applying a quantitative assessment to...
Persistent link: https://www.econbiz.de/10012825721
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