Some structural evidence indicating a substantial degree of inertia in commodity prices in Pakistan within the context …

nature of developing countries; and (4) besides adjustments in the endogenous domestic prices, the model also allows for …

bubbles occur pay dividends after each trading day. In this paper we study whether bubbles can occur in markets without … dividends. We investigate the role of two features that are present in real markets. (1) The mere possibility that some traders … without dividends. Surprisingly, communication turns out to be counterproductive for bubble formation, whereas the possibility …

prices and the log dividends. However, the empirical results also show that the cointegrating relationship has changed over …According to several empirical studies, the Present Value model fails to explain the behaviour of stock prices in the … structural changes would provide a better empirical description of the Present Value model of U.S. stock prices. The methodology …

research is to examine if DDM models offer relevant and safe valuation of long-term securities at Macedonian Stock Exchange … use of DDM valuation models at MSE, to determine causes for differences between the intrinsic values and the stock market … prices and to determine basic parameters for implementation of valuation on Macedonian financial market. We find that DDM …

research is to examine if DDM models offer relevant and safe valuation of long-term securities at Macedonian Stock Exchange … use of DDM valuation models at MSE, to determine causes for differences between the intrinsic values and the stock market … prices and to determine basic parameters for implementation of valuation on Macedonian financial market. We find that DDM …