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Stochastic Idiosyncratic Cash Flow Risk and Real Options : Implications for Stock Returns
Bhamra, Harjoat Singh - 2016
Stocks with high idiosyncratic volatility perform poorly relative to low idiosyncratic volatility stocks. We offer a novel explanation of this anomaly based on real options, which is consistent with earlier findings on idiosyncratic volatility (the positive contemporaneous relation between...
Persistent link: https://www.econbiz.de/10013007739
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Fixed price plus rationing : an experiment
Grimm, Veronika; Kovářík, Jaromír; Ponti, Giovanni - In: Experimental economics : a journal of the Economic … 11 (2008) 4, pp. 402-422
Persistent link: https://www.econbiz.de/10003789994
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The Great Capitol Hill Baby Sitting Co-op : anecdote or evidence for the optimum quantity of money?
Hens, Thorsten; Schenk-Hoppé, Klaus Reiner; Vogt, Bodo - In: Journal of money, credit and banking : JMCB 39 (2007) 6, pp. 1305-1333
Persistent link: https://www.econbiz.de/10003537733
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Fixed price plus rationing : an experiment
Grimm, Veronika (contributor);  … - 2005
Persistent link: https://www.econbiz.de/10003288334
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Fixed price plus rationing : an experiment
Grimm, Veronika (contributor);  … - 2006 - 1. ed.
Persistent link: https://www.econbiz.de/10003396265
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Fixed Price Plus Rationing : An Experiment
Grimm, Veronika; Kovarik, Jaromir; Ponti, Giovanni - 2005
This paper explores, theoretically and experimentally, a fixed-price mechanism by which, if aggregate demand exceeds supply, bidders are proportionally rationed. If demand is uncertain, equilibrium consists in overstating true demand to alleviate the effects of being rationed. Overstating is...
Persistent link: https://www.econbiz.de/10014063284
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Can experience mitigate precautionary bidding? : evidence from a quasi-experiment at an IPO auction
Wang, Wenjun - In: The journal of asset management : a major new, … 24 (2023) 2, pp. 148-163
Persistent link: https://www.econbiz.de/10014251528
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Auction mechanisms and treasury revenue : evidence from the Chinese experiment
Barbosa, Klenio; De Silva, Dakshina G.; Yang, Liyu; … - In: American economic journal 14 (2022) 4, pp. 394-419
Persistent link: https://www.econbiz.de/10014228831
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Speed and Learning in High-Frequency Auctions
Haas, Marlene - 2020
Faster trading improves liquidity in periodic call auction markets, in contrast to continuous-timemarkets. We build a … the likelihood that a single HFT arrives inany given auction and subsequently acts as a monopolist on information. Higher … improving liquidity. We find that faster trading and longer auction intervalsare substitute instruments to reduce bid …
Persistent link: https://www.econbiz.de/10012855696
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Participatory decision making : a field experiment on manipulating the votes
Spada, Paolo; Vreeland, James Raymond - 2010
Many believe that deliberative democracy, where individuals discuss alternatives before voting on them, should result in collectively superior outcomes because voters become better informed and decisions are justified using reason. These deliberations typically involve a moderator, however,...
Persistent link: https://www.econbiz.de/10011524094