Showing 481 - 490 of 537
This article analyzes the economics of “badmouthing” in the context of the pre-1914 French capital market. We argue that badmouthing was a means through which racketeering journals sought to secure property rights over issuers’ reputation. We provide a theoretical study of the market setup...
Persistent link: https://www.econbiz.de/10008677883
The maximin criterion defines the highest utility level which can be sustained in an intergenerational equity perspective. The viability approach characterizes all the economic trajectories sustaining a given, not necessarily maximal, utility level. In this paper, we exhibit the strong links...
Persistent link: https://www.econbiz.de/10008677884
We present a new class of dynamic bargaining problems, called "bargaining problems with intertemporal maximin payoffs," that may reflect sustainability problems having to encompass conflicting issues in the long-run. Each bargainer (or stake-holder) has a representative indicator, namely a...
Persistent link: https://www.econbiz.de/10008865900
In recent years, various emerging market regions have actively taken part in the movements of globalization and world market integration. However, the process of financial integration appears to vary over time and differs significantly across emerging market regions. This paper attempts to...
Persistent link: https://www.econbiz.de/10008867995
This article presents a dynamic Generalized Nash-Cournot model to describe the evolution of the natural gas markets. The aim of this work is to provide a theoretical framework that would allow us to analyze future infrastructure and policy developments, while trying to answer some of the main...
Persistent link: https://www.econbiz.de/10008867996
In this note, we consider a generalized T−stage Stackelberg oligopoly. We provide a proof and an interpretation that under the two necessary and sufficient conditions of linear aggregate demand and identical constant marginal costs, followers do not matter for leaders. Leaders act as rational...
Persistent link: https://www.econbiz.de/10008873259
In this article we focus on the issue of free care. Current literature suggests free care is associated with an extreme form of medical altruism. The sensitivity of the practitioner to a particular type of patient originates the price discrimination. Our econometric analysis tests another...
Persistent link: https://www.econbiz.de/10008876316
This note focuses on the design of prevention programmes and the role of tort law regarding the control of risky activities, associated with unknown or imperfectly known risks, such as innovation or (long term) environmental damages. Together with the existence of perception bias on the side of...
Persistent link: https://www.econbiz.de/10008876317
This paper investigates the relationship between trading volume and price volatility in the crude oil and natural gas futures markets when using high-frequency data. By regressing various realized volatility measures (with/without jumps) on trading volume and trading frequency, our results...
Persistent link: https://www.econbiz.de/10009019142
Most of the recent numerical market equilibrium models of natural gas markets use imperfect competition assumptions. These models are typically embedded with an oversimplified representation of the demand side, usually a single-variable affine function, that does not capture any dynamic...
Persistent link: https://www.econbiz.de/10009019152