Showing 1 - 10 of 397
This study analyzes the accuracy of forecasted target prices within analysts' reports. We compute a measure for target price forecast accuracy that evaluates the ability of analysts to exactly forecast the ex-ante (unknown) 12-month stock price. Furthermore, we determine factors that explain...
Persistent link: https://www.econbiz.de/10010421358
Mit dem diesjährigen Nobelpreis für Wirtschaftswissenschaften wurden drei Ökonomen ausgezeichnet, die mit der Informationsökonomik ein neues Forschungsfeld erschlossen. Welche Erkenntnisse wurden mit der Informationsökonomik gewonnen? Welche praktischen Implikationen ergeben sich aus dem...
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In this paper the authors present a New Keynesian quantitative model with endogenous investment and stock-market sector that may shed further light on two unsettled issues: whether central banks should include some financial indicator in their policy rules, and which indicator may be expected to...
Persistent link: https://www.econbiz.de/10010308738
The authors model trades-through, i.e. transactions that reach at least the second level of limit orders in an order book. Using tick-by-tick data on Euronext-traded stocks, they show that a simple bivariate Hawkes process fits nicely their empirical observations of tradesthrough. The authors...
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Das verbraucherpolitische Instrument Verbraucherberatung soll die asymmetrische Informationsverteilung zwischen Verbrauchern und Unternehmen abbauen und Vertrauen in Märkte schaffen. Bei dieser Aufgabenstellung wird vernachlässigt, dass Verbraucherberatung selbst durch die asymmetrische...
Persistent link: https://www.econbiz.de/10010377897
In December 2006 the Regulation (EC) No. 1924/2006 on the use of nutrition and health claims (NHCs) on foods was enacted in order to prevent consumer deception and to harmonise law within the EU. Against this background, this paper analyses the potential costs and benefits linked with NHCs and...
Persistent link: https://www.econbiz.de/10015079143
The objective of this article is to describe and to analyse the basic relationships between control frequency, amount of fines, other social sanctions, the producers' capability to influence certain attributes (including costs of quality assurance) and damage incidence in the field of food and...
Persistent link: https://www.econbiz.de/10015079553