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This dissertation was written by Johannes Pfeiffer while he was working with the ifo Institute for Economic Research. It was completed in November 2016 and accepted as a doctoral thesis by the department of economics of the University Regensburg in December 2016. The thesis studies unintended...
Persistent link: https://www.econbiz.de/10011741830
-linear demand curves with quantities as flows (shares/second). Batch auctions clear all asset markets jointly in discrete time …
Persistent link: https://www.econbiz.de/10014250116
the levels seen with full information. Results obtained here are broadly consistent with evidence from asset auctions, may … asset auctions. -- adverse selection ; market power ; reverse auctions ; bid shading …
Persistent link: https://www.econbiz.de/10003923763
This paper analyzes the effect of information spillover in a multi-good adverse selection model where a privately informed seller simultaneously trades two different goods with different buyers. In this setting, buyers not only learn the seller's information from past trading outcomes in the...
Persistent link: https://www.econbiz.de/10012869424
the levels seen with full information. Results obtained here are broadly consistent with evidence from asset auctions, may … asset auctions …
Persistent link: https://www.econbiz.de/10013316270
the levels seen with full information. Results obtained here are broadly consistent with evidence from asset auctions, may … auctions …
Persistent link: https://www.econbiz.de/10014045691
, and screen or monitor borrowers. In U.S. Treasury auctions, none of these rationales apply. Intermediaries submit their …
Persistent link: https://www.econbiz.de/10010509061
This dissertation was written by Johannes Pfeiffer while he was working with the ifo Institute for Economic Research. It was completed in November 2016 and accepted as a doctoral thesis by the department of economics of the University Regensburg in December 2016. The thesis studies unintended...
Persistent link: https://www.econbiz.de/10011777555
With the Paris Agreement of 2016, 189 nations signed a legally binding document to keep global warming below 2 C, and to pursue efforts to limit the temperature increase to 1.5 C. It was recognized that this would reduce climate change impacts substantially. All signatories submitted "Intended...
Persistent link: https://www.econbiz.de/10012518089
This study examines the relationship between crude oil price and financial sector intermediary development in Nigeria over the period 1975-2011, using the autoregressive distributed lag approach to cointegration analysis. Four measures of financial intermediary development are used including an...
Persistent link: https://www.econbiz.de/10011487825