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Asymmetric information models predict comovements among trade characteristics such as returns, bid-ask spread, and … trade volume on one hand and the trading intensity on the other hand.In this paper we investigate empirically the two …-sided causality between trade characteristics and trading intensity.We apply a VAR-model for returns, bid-ask spread, trade volume …
Persistent link: https://www.econbiz.de/10011092563
rate can impose significant costs on intertemporal trade. The model also shows that a variety of nonlinear relationships is … preferences between goods. In contrast to recent work, our analysis implies that such costs of intertemporal trade may be a …
Persistent link: https://www.econbiz.de/10010702150
. Third, on the other hand, contracted prices did not converge to the competitive price over time. Fourth, subjects who had …
Persistent link: https://www.econbiz.de/10008458119
Persistent link: https://www.econbiz.de/10005663998
We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … and significant impact on sectoral prices. Increased openness lowers prices by both reducing markups and raising … productivity rises in a manner that increases over time. Our estimates suggest that EU manufacturing prices fell by 2 …
Persistent link: https://www.econbiz.de/10005667140
The present thesis is an attempt to solve the first part of a problem, that is, to present the general theory of interregional exchange. It is presented as a direct extension of the general theory of price formation, in accordance with the above views. The study of latter of the problem - that...
Persistent link: https://www.econbiz.de/10005669786
. Equilibrium quantities are efficient regardless of concentration. The law of one price does not hold. Prices depend on …
Persistent link: https://www.econbiz.de/10005670108
. Third, on the other hand, contracted prices did not converge to the competitive price over time. Fourth, subjects who had …
Persistent link: https://www.econbiz.de/10005780340
national economic development, domestic agricultural production and markets, commercial trade and the nutritional status of …
Persistent link: https://www.econbiz.de/10005755040
Persistent link: https://www.econbiz.de/10005656728