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, with an aim to increase aggregate efficiency and achieve equitable distribution of the gains from market integration.​ …
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This paper is an empirical investigation of how traders react to public news in a market where there are lots of non-scheduled announcements, often arriving simultaneously. Using detailed trade information from the Nordic intra-day electricity market and GARCH models, this paper examines market...
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Although there is a vast theoretical literature on the existence of a tradeoff between equity and efficiency, empirical … (b) whether some social systems are actually better in coping with the trade-off between equity and efficiency. …
Persistent link: https://www.econbiz.de/10010335486
Although there is a vast theoretical literature on the existence of a tradeoff between equity and efficiency, empirical … (b) whether some social systems are actually better in coping with the trade-off between equity and efficiency. -- equity … ; efficiency ; tradeoff ; welfare states …
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