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This short essay surveys recent literature on the competitive saving motive and its broader economic implications. The competitive saving motive is defined as saving to improve one's status relative to other competitors for dating and marriage partners. Here are some of the key results of the...
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Theory on high-frequency traders (HFT) predicts that market liquidity for a security decreases in the number of HFT trading the security. We test this prediction by studying a new Canadian stock exchange, Alpha, that experienced the entry of 11 HFT firms over four years. Bid-ask spreads on Alpha...
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-Sonis spatial competition model estimated by the SUR method on the other hand. The results show a lack of convergence of living …
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, which lead to changes in the market environment and intensity of competition in the wine markets. Overall, wine cooperatives …
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