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Estimation procedure for "price formation in call actions with insider information"

Brünner, Tobias - 2021

This note provides the details of the estimation procedure in Br¨unner (2019). In Section 2 we derive the posterior distribution. Section 3 describes the MCMC algorithm used to obtain draws from the posterior distribution and in Section 4 we present the method for our model check. We conclude...

Persistent link: https://www.econbiz.de/10012507949

Formulating principal-agent service contracts for a revenue generating unit

Zeng, Shuo; Dror, Moshe - 2015

Persistent link: https://www.econbiz.de/10011337583

Formulating Principal-Agent Service Contracts for a Revenue Generating Unit

Zeng, Shuo - 2016

This book examines contractual options for a performance based contract between an owner of a revenue generating unit and a repair agent for such unit. The framework of the analysis is that of economists' principal-agent problem. The contractual options of a principal and an agent are modeled as...

Persistent link: https://www.econbiz.de/10014020274

Repeated bargaining with persistent private information

Kennan, John - In: The review of economic studies 68 (2001) 4, pp. 719-755

Persistent link: https://www.econbiz.de/10001627790

Repeated bargaining with persistent private information

Kennan, John - 1998

Persistent link: https://www.econbiz.de/10000990241

Repeated bargaining with persistent private information

Kennan, John - 1997

Persistent link: https://www.econbiz.de/10000971578

Dynamic Common Agency

Bergemann, Dirk; Valmaki, Juuso - 2003

We consider a general model of dynamic common agency with symmetric information. We focus on Markov perfect equilibria and characterize the equilibrium set for a refinement of the Markov perfect equilibria. Particular attention is given to the existence of a marginal contribution equilibrium...

Persistent link: https://www.econbiz.de/10014191314

Business cycle asymmetries and the financial propagation mechanism

Stanca, Luca M. - 1999

Persistent link: https://www.econbiz.de/10001474343

Mechanism design with limited commitment : Markov environments

Doval, Laura; Skreta, Basilikē - In: European economic review : EER 167 (2024), pp. 1-16

Persistent link: https://www.econbiz.de/10015076359

Booms, recessions and financial turmoil : a fresh look at investment decisions under cyclical uncertainty

Chen, Yu-Fu; Funke, Michael - 2009

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief … shows that macroeconomic risk acts as an important deterrent to investments. -- business cycles ; real options ; investment …

Persistent link: https://www.econbiz.de/10003872827

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