Showing 1 - 10 of 18,069
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/10013075092
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
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
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
Investment in emerging technologies is particularly challenging, since, apart from uncertainty in revenue streams … of the output price. Thus, we develop an analytical framework for sequential investment in order to determine how price … likelihood of subsidy provision facilitates investment. However, embedded options to invest in improved technology versions raise …
Persistent link: https://www.econbiz.de/10012989023
This paper presents empirical evidence supporting the view that US monetary conditions matter for firms in the global capital market. We show the effects of three risk measures, domestic bank interest rates spreads, US bank interest rates spread, and US market price of interest rate risk on the...
Persistent link: https://www.econbiz.de/10013133706
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
The previous literature on momentum investments has only considered the so called unconstrained momentum return. This paper will investigate budget constrained momentum returns by using two different datasets. The conclusion is that unconstrained momentum returns systematically overestimate the...
Persistent link: https://www.econbiz.de/10013083507
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