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Wang, Xuewu - 2008

This dissertation investigates insider trading around significant corporate information events. Chapter 1 tests the prediction of standard option pricing models that there is no relation between past stock returns and stock option prices. Using individual stock options data, we show that puts...

Persistent link: https://www.econbiz.de/10009476991

Improving Operations at Manheim Seattle

Fetic, Sanin; Gordillo, Alejandro; Gouws, Jacques; … - 2008

77 auction sites. Because of the company-wide implications of these analyses, the group will reprise its report at the …

Persistent link: https://www.econbiz.de/10009475804

Asymptotic Properties of Equilibrium in Discriminatory and Uniform Price IPV Multi-Unit Auctions

Katzman, Brett E. - 2009

This paper confronts the tractability problems that accompany IPV auction models with multi-unit bidder demands …

Persistent link: https://www.econbiz.de/10009458995

Auctions with a Buy Price: The Case of Reference-Dependent Preferences

Shunda, Nicholas - 2007

In an auction with a buy price, the seller provides bidders with an option to end the auction early by accepting a … transaction at a posted price. The "Buy-It-Now" option on eBay is a leading example of an auction with a buy price. This paper … develops a model of an auction with a buy price in which bidders use the auction's reserve price and buy price to formulate a …

Persistent link: https://www.econbiz.de/10009430058

The Role of Exchange Rates in the Intertemporal Risk-Return Relation in International Economies

Bali, Turan G.; Wu, Liuren - 2005

This paper investigates the role of currency denomination in the the intertemporal risk-return relation among G7 countries. Similar to the findings of previous studies, our estimation also shows that the financial markets of the G7 countries are integrated. We obtain significant pricing...

Persistent link: https://www.econbiz.de/10009440704

The Aggregate Dynamics of Capital Structure and Macroeconomic Risk

Bhamra, Harjoat S.; Kuehn, Lars-Alexander; Strebulaev, … - 2008

We study the impact of time-varying macroeconomic conditions on optimal dynamic capital structure and the aggregate dynamics of firms in a cross-section. Our structural-equilibrium framework embeds a contingent-claim corporate financing model within a standard consumption-based asset- pricing...

Persistent link: https://www.econbiz.de/10009441273

Modeling farmer participation to a revenue insurance scheme by means of Positive Mathematical Programming

Severini, Simone; Cortignani, Raffaele - 2011

European farmers face increasing income uncertainty and the debate is growing on the role of insurance schemes and of public support in this field. This debate is further stimulated by the perspective of introducing instruments to cope with risk also in the Common Agricultural Policy. Therefore,...

Persistent link: https://www.econbiz.de/10009442282

Insights into Trader Behavior: Risk Aversion and Probability Weighting

Mattos, Fabio; Garcia, Philip; Pennings, Joost M.E. - 2007

The objective of this study is to investigate how professional traders in futures and optionsmarkets behave under risk and uncertainty. Our preliminary findings suggest that most tradersexhibit concave utility functions for gains and convex utility functions for losses, while theirweighting...

Persistent link: https://www.econbiz.de/10009443335

Risk Aversion and Compliance in Markets for Pollution Control

Stranlund, John K. - 2006

This paper examines the effects of risk aversion on compliance choices in markets for pollution control. A firm’s decision to be compliant or not is independent of its manager’s risk preference. However, noncompliant firms with risk averse managers will have lower violations than otherwise...

Persistent link: https://www.econbiz.de/10009467790

Risk Preferences and Demand for Insurance in Peru: A Field Experiment

Galarza, Francisco B.; Carter, Michael R. - 2010

This paper reports the results of behavioral economic experiments conducted in Peru toexamine the relationship amongst risk preferences, loan take-up, and insurance purchase decisions. This area-based yield insurance can help reduce people's vulnerability to large scalecovariate shocks, and can...

Persistent link: https://www.econbiz.de/10009446167