In this study we analyze the efficacy of cryptocurrencies as diversifiers in mitigating the dampening effects of COVID-19 on football clubs’ equities performance. Using data for 20 actively traded football clubs’ equities and top 10 cryptocurrencies, we compare the two asset groups both...

In this study we analyze the efficacy of cryptocurrencies as diversifiers in mitigating the dampening effects of COVID-19 on football clubs’ equities performance. Using data for 20 actively traded football clubs’ equities and top 10 cryptocurrencies, we compare the two asset groups both...

Cryptocurrencies are a new investment asset class that are often plagued by accusations of unethical, fraudulent, and illegal activity. Scholarly articles largely agree on the argument that despite their high volatility, cryptocurrency markets continue to attract investors due to the abnormal...

In this paper we analyze dynamic demand elasticity for Bitcoin and Ethereum in terms of price, transaction fees, and energy usage. We find that while both BTC and ETH have significantly positive price elasticities, transaction fee elasticity is negative and positive for BTC and ETH respectively,...

Czarnitzki and Stadtmann (2005) measure the interdependence of demand for investment advice (approximated by sales of investor magazines) and stock prices. They find strong evidence that confirms the presence of the disposition effect, i.e. the empirical observation that investors sell winners...

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...

We present an international trade model with multiproduct firms. Firms are heterogeneously endowed with two types of capabilities that jointly determine the trade-off within firms between managing a large portfolio of products and producing at low marginal cost. The model can explain many of the...