Showing 1 - 10 of 14,775
Persistent link: https://www.econbiz.de/10014322490
This paper provides a model of systemic panic among financial institutions with heterogeneous fragilities. Concerns about potential spillovers from each other generate strategic interaction among institutions, triggering a preemption game in which one tries to exit the market before the others...
Persistent link: https://www.econbiz.de/10010201301
Fire-sales induced by investor redemptions have powerful spillover effects among funds that hold the same assets, hurting peer funds' performance and flows, and leading to further asset sales with negative bond price impact. A 1-standard deviation increase in our fire-sale spillover measure...
Persistent link: https://www.econbiz.de/10012854844
differently - would a private investor consider nuclear power as an investment option in the context of a competitive power market … recent and ongoing investment projects in the Western world, i.e. Europe and the United States; cases in non-market economies …
Persistent link: https://www.econbiz.de/10012134467
investment in a setting with lumpy investment outlays. Concentrating on the case where investment increases the regulatory asset … base, we distinguish between price-based regulation and cost-based regulation. Under cost-based regulation, investment … triggers a change of regulated prices, whereas, under price-based regulation, investment does not affect them. To motivate …
Persistent link: https://www.econbiz.de/10010423694
In an intertemporal model, we analyze the timing of irreversible and lumpy monopoly investment under certainty. There … are two reasons for investing, i.e. wear and tear leading to replacement investment and demand growth leading to expansion … investment. Both in a single investment setting and in a repeated investment setting, we find that a firm maximizing discounted …
Persistent link: https://www.econbiz.de/10010423695
investment assets' performances divided by the square root of the sum of the number of the assets and one, given certain …
Persistent link: https://www.econbiz.de/10013132538
This paper develops a theoretical model explaining management's choice of using corporate cash flow to pay dividends, repurchase shares, or invest in a real project. The model demonstrates the case in which managers have better information than investors about the quality of the firm...
Persistent link: https://www.econbiz.de/10013123261
expected payoff for any given player. Such a game has direct links to community investment clubs where people are aggregating …
Persistent link: https://www.econbiz.de/10013083510
This paper studies quantitative macro-finance model and describes Investment and Profits surface-like risk waves. We … cause disturbances of macro financial variables, for instance - Investment and Profits. Such disturbances can generate … domain and impact financial sustainability. We study simple model relations between Investment and Profits and describe …
Persistent link: https://www.econbiz.de/10012955887