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Flow Trading
Budish, Eric B.; Cramton, Peter C.; Kyle, Albert S.; … - National Bureau of Economic Research - 2023
We introduce and analyze a new market design for trading financial assets. The design allows traders to directly trade any user-defined linear combination of assets. Orders for such portfolios are expressed as downward-sloping piecewise-linear demand curves with quantities as flows...
Persistent link: https://www.econbiz.de/10014250116
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Is Securities Arbitration Fair to Investors?
Black, Barbara - 2008
Most disputes between customers and their brokerage firms are resolved through arbitration as a result of the Supreme …: the Court's general pro-arbitration trend and its efforts to remove private securities fraud claims from federal court … of the current securities arbitration process from the perspective of an investor advocate. In my view, investors may …
Persistent link: https://www.econbiz.de/10014218842
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The Anti-Patent : A Proposal for Startup Immunity
Landers, Amy L. - 2014
The controversy surrounding the current implementation of the patent system is well known. Some question whether the system has become entirely dysfunctional and disincentives innovation, particularly as the law operates within some industries. Moreover, early stage companies, particularly those...
Persistent link: https://www.econbiz.de/10013048804
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Qualified Immunity's Selection Effects
Schwartz, Joanna C. - 2020
The Supreme Court has described the “driving force” behind qualified immunity to be its power to dismiss “insubstantial” cases before discovery and trial. Yet in a prior study of 1183 Section 1983 cases filed in five federal districts around the country, I found that just seven (0.6%)...
Persistent link: https://www.econbiz.de/10012850223
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The Managed Asset Portfolio Market Analysis in Litigation : Calculating Reliable Discounts for Lack of Marketability for Non-Controlling Family Limited Partnership Interests
Dawson, Peter C. - 2017
A new method for calculating reliable discounts for lack of marketability (DLOMs) for Limited Partner (i.e., non-controlling) family limited partnership (FLP) interests, which we term the Managed Asset Portfolio Market (MAPM) Analysis, is developed. DLOMs typically are the largest valuation...
Persistent link: https://www.econbiz.de/10012974228
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Viable capture basin for studying differential and hybrid games : application to finance
Saint-Pierre, Patrick - In: International game theory review 6 (2004) 1, pp. 109-136
Persistent link: https://www.econbiz.de/10002061729
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Evolutionary finance : models with short-lived assets
Chen, Zerong - 2024
Persistent link: https://www.econbiz.de/10015153099
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Asset market games of survival
Amir, Rabah; Evstigneev, Igor V.; Schenk-Hoppé, Klaus … - 2008
The paper examines a game-theoretic model of a financial market in which asset prices are determined endogenously in terms of a short-run equilibrium. Investors use general, adaptive strategies (portfolio rules) depending on the exogenous states of the world and the observed history of the game....
Persistent link: https://www.econbiz.de/10003966080
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Strategies of survival in dynamic asset market games
Amir, Rabah; Evstigneev, Igor V.; Xu, Le - 2008
The paper examines a game-theoretic evolutionary model of a financial market with endogenous equilibrium asset prices. Assets pay dividends that are partially consumed and partially reinvested. The traders use general, adaptive strategies (portfolio rules), distributing their wealth between...
Persistent link: https://www.econbiz.de/10003966195
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Evolutionary finance and dynamic games
Amir, Rabah; Evstigneev, Igor V.; Hens, Thorsten; Xu, Le - In: Mathematics and financial economics 5 (2011) 3, pp. 161-184
Persistent link: https://www.econbiz.de/10009521743