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We investigate the nature of price competition among firms that produce differentiated products and compete in markets … that are limited in extent. We propose an instrumental variables series estimator for the matrix of cross price response …
Persistent link: https://www.econbiz.de/10014116198
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This paper analyses the stochastic behaviour of Private Equity returns (a measure of profitability) applying fractional …
Persistent link: https://www.econbiz.de/10013285647
, with a particular emphasis on bank profitability. Methodologically, it employs two multivariate time series models, namely … comprehensive profitability outlook for the Maltese core banking sector. Key findings are summarized as follows: (i) neither of the …
Persistent link: https://www.econbiz.de/10015053640
academic interest in art, understanding of auction prices is limited. Price intransparency is exacerbated by contrasting … approaches in theory and practice: Theory is dominated by quantitative studies that measure the effects of individual factors … is no comprehensive theory of auction prices that combines both perspectives. To fill this gap, the author conducts three …
Persistent link: https://www.econbiz.de/10013450820
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Empirical evidence on the out-of-sample performance of asset-pricing anomalies is mixed so far and arguably is often subject to data-snooping bias. This paper proposes a method that can significantly reduce this bias. Specifically, we consider a long-only strategy that involves only published...
Persistent link: https://www.econbiz.de/10013070191
This paper attempts to assemble evidence for the relationship between the product and the financial market. Drawing back on work in industrial organization, we analyze the relationship between profit persistence and expected stock returns. We show that long-run profit persistence together with...
Persistent link: https://www.econbiz.de/10010210263