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The term globalisation has gained widespread popularity; yet most treatments are either descriptive and/or focused on changes in economic interconnectivity. This book brings together leading international experts from a range of disciplines to develop a long-term analysis to address the problems...
Persistent link: https://www.econbiz.de/10003566262
This dissertation deals with the impact of speculative behaviour on output patterns of the real economy. The impact may … be twofold. Speculative behaviour occurs due to positive developments at the real economy and optimistic outlooks. Also …, speculative behaviour may occur at other markets, like the stock market. We address both, a spill-over effect and the build up of …
Persistent link: https://www.econbiz.de/10011475669
We investigate the formation of market prices in a new experimental setting involving multi-period call-auction asset markets with state-dependent fundamentals. We are particularly interested in two informational aspects: (1) the role of traders who are informed about the true state and/or (2)...
Persistent link: https://www.econbiz.de/10010353591
We investigate the formation of market prices in a new experimental setting involving multi-period call-auction asset markets with state-dependent fundamentals. We are particularly interested in two informational aspects: (1) the role of traders who are informed about the true state and/or (2)...
Persistent link: https://www.econbiz.de/10010429127
Persistent link: https://www.econbiz.de/10010463079
To study coordination in complex social systems such as financial markets, the authors introduce a new prediction market set -up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is known, and thus its rationality can be evaluated. In two...
Persistent link: https://www.econbiz.de/10012001782
Persistent link: https://www.econbiz.de/10010440848
To study coordination in complex social systems such as financial markets, the authors introduce a new prediction market set-up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is known, and thus its rationality can be evaluated. In two...
Persistent link: https://www.econbiz.de/10012231540
Persistent link: https://www.econbiz.de/10001700332
financial markets. Two different methods are used: (i) a trading robot approach to examine whether or not there is such an …
Persistent link: https://www.econbiz.de/10013051283