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Das Phänomen der sogenannten New Economy wird seit längerem unter verschiedenartigen Aspekten diskutiert. Dabei ist der Begriff nicht eindeutig definiert und wird zuweilen mit den Bezeichnungen Internet Economy, Network Economy, Digital Economy, E-Commerce oder auch Information Economy...
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We build a model of reputation featuring a long-lived player (e.g. an online seller) and an infinite sequence of short-lived players (e.g. online buyers) which is consistent with three crucial idiosyncrasies of online reputation systems. First, players observe history of past actions upon...
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investment project duration. A complete markets model with diminishing returns to capital predicts positive cross … develop a model that distinguishes foreign direct investment (FDI) in new projects from portfolio equity. The model suggests …
Persistent link: https://www.econbiz.de/10013154331
This paper contrasts the investment behaviour of different financial institutions in debt securities as a response to … Holdings Statistics. Banks and investment funds respond in a pro-cyclical manner to price changes. Insurance companies and … is used to show that tighter constraints are associated with more pro-cyclical investment behaviour …
Persistent link: https://www.econbiz.de/10012945419
Financialization of commodity markets has been a broadly discussed topic in recent years. However, its implications for commodity investors have not yet been fully explored. This paper concentrates on the macroeconomic determinants of commodity returns in financialized and non-financialized...
Persistent link: https://www.econbiz.de/10013034279