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This two-part working paper series represents a distillation of practical approaches with regard to the successful management of so-called “legacy assets” which include both impaired as well as non-performing loans, particularly in those in the real estate and property sectors. This two-part...
Persistent link: https://www.econbiz.de/10011265335
Persistent link: https://www.econbiz.de/10014313949
The marketplace, along with its price system, is the single most important institution in a western-style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently and lies behind the magical invisible hand...
Persistent link: https://www.econbiz.de/10005835391
The central premise of the Black and Scholes [Black, F., Scholes, M. (1973). The pricing of options and corporate … liabilities. Journal of Political Economy 81, 637–659] and Merton [Merton, R. (1973). Theory of rational option pricing. Bell … Journal of Economics and Management Science 4, 141–184] option pricing theory is that there exists a self-financing dynamic …
Persistent link: https://www.econbiz.de/10005836285
Consumers often have to decide whether to go to a remote store for a lower price. Only the absolute price difference between the stores should be relevant in this case, but several experiments showed that people exhibit "relative thinking": they are affected also by the relative savings...
Persistent link: https://www.econbiz.de/10005837411
It is well known that search costs and switching costs can create market power by constraining the ability of consumers to change suppliers. While previous research has examined each cost in isolation, this paper demonstrates the benefits of examining the two types of friction in unison. The...
Persistent link: https://www.econbiz.de/10010597477
The paper investigates a problem faced by a make-to-order (MTO) firm that has the ability to reject or accept orders, and set prices and lead-times to influence demands. Inventory holding costs for early completed orders, tardiness costs for late delivery orders, order rejection costs,...
Persistent link: https://www.econbiz.de/10010597612
We consider a newsvendor who earns a revenue from the sales of her product to end users as well as from multiple advertisers paying to obtain access to those end users. We study the optimal decisions of a price-taking and a price-setting newsvendor when the advertisers have private information...
Persistent link: https://www.econbiz.de/10010597671
’s pricing strategy in an extensive-form game, in which the equilibrium decisions of the resulting scenarios are derived. Next … remanufacturer’s choice of a profitable pricing strategy, and the thresholds for determining the OEM’s product-design strategy …
Persistent link: https://www.econbiz.de/10010597675
Mobile telecommunications operators routinely charge higher prices for off-net than on-net calls. Previous research provides two alternative propositions on whether on-net / off-net price differentials (OOD) are more attractive for large or for small operators. On the one hand studies on...
Persistent link: https://www.econbiz.de/10010599192