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Perfect Competition vs. Riskaverse Agents : Technology Portfolio Choice in Electricity Markets

Sunderkötter, Malte - 2015

Investments in power generation assets are risky due to high construction costs and long asset lifetimes. Technology diversification in generation portfolios represents one option to reduce long-term investment risks for risk-averse decision makers. In this article, we analyze the impact of...

Persistent link: https://www.econbiz.de/10013035555

Competition Between Infinitely Many Fund Managers and Investor's Welfare

Lupi, Enrico - 2020

This work analyzes the dynamic competition among an infinite number of managers acting in a financial market with a … competition induced by the convex incentive affects both the risk aversion of the manager and her optimal policy. The change in … investors, who let their money being managed by managers, relating to the level of competition in the market …

Persistent link: https://www.econbiz.de/10012832745

More competition in delegated portfolio management : a win-win situation? : an experimental analysis

Balmus, Tatiana; Huber, Jürgen; Ploner, Matteo - In: Journal of economic behavior & organization : JEBO 178 (2020), pp. 777-800

Persistent link: https://www.econbiz.de/10012439171

Competition between infinitely many fund managers and investor's welfare

Lupi, Enrico - 2020

Persistent link: https://www.econbiz.de/10012224877

Why do banks choose to finance with equity?

Sorokina, Nonna Y.; Thornton, John H.; Patel, Ajay - In: Journal of financial stability 30 (2017), pp. 36-52

Persistent link: https://www.econbiz.de/10011825589

Product market competition and the value of diversification

Iskenderoglu, Cansu - In: Finance research letters 58 (2023) 1, pp. 1-11

Persistent link: https://www.econbiz.de/10014582476

Hedging Effect of Low-Quality Capital Assets in Competitive Industries

Dangl, Thomas - 2019

We highlight the impact of capital quality, i.e., the depreciation rate of capital assets, on firms' investment behavior, endogenous output price dynamics, and industry equilibrium outcomes. To rigorously examine this question, a continuous-time model of dynamic capacity investment under...

Persistent link: https://www.econbiz.de/10012863321