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Excess volatility and closed-end fund discounts

Bleaney, Michael; Smith, R. Todd - In: Review of Accounting and Finance 12 (2013) April, pp. 165-179

primary determinant of closed-end fund discounts is discount volatility and co-movement across funds. Originality … discounts across closed-end funds, which in our model are a sufficient condition for funds to trade at a discount, under … plausible assumptions. This model thus provides a stronger argument that discount risk explains why discounts exist. …

Persistent link: https://www.econbiz.de/10010686128

Uncertainty principles in risk finance

Powers, Michael R. - In: Journal of Risk Finance 11 (2010) May, pp. 245-248

Purpose – The purpose of this editorial is to consider the existence and implications of epistemological constraints in the field of risk finance arising from statistical inequalities similar to the Cramér-Rao lower bound (CRLB) of statistical estimation theory and the Heisenberg uncertainty...

Persistent link: https://www.econbiz.de/10010717487

Information asymmetry and monitoring in equity private placements

Liang, Hsiao-Chen; Jang, Woan-Yuh - In: The Quarterly Review of Economics and Finance 53 (2013) 4, pp. 460-475

This paper systematically examines the factors that determine price discounts and announcement effects of equity … firms. The results for OTC firms corroborate the information hypothesis; the discounts serve as compensation for investor …

Persistent link: https://www.econbiz.de/10010718826

Inflation and stock returns

Azar, Samih Antoine - In: International Journal of Accounting and Finance 2 (2010) 3/4, pp. 254-274

Stock returns, whether nominal or real, are commonly found to depend negatively on actual inflation, expected inflation and unexpected inflation. This runs contrary to the Fisher hypothesis generalised to apply to stocks, whereby stocks should be a hedge against inflation. However, another...

Persistent link: https://www.econbiz.de/10010817004

All-Unit Discounts and the Problem of Surplus Division

Feess, Eberhard; Wohlschlegel, Ansgar - In: Review of Industrial Organization 37 (2010) 3, pp. 161-178

Persistent link: https://www.econbiz.de/10008776303

Quantity Discounts: Managerial Issues and Research Opportunities

Dolan, Robert J. - In: Marketing Science 6 (1987) 1, pp. 1-22

Marketing managers frequently administer pricing policies involving substantial quantity discounts. However, our … understanding of the precise role of these discounts, and their design, is quite limited. This paper reviews and integrates the … variety of motivations for quantity discounts, (ii) provide guidelines to managers in designing quantity discount schedules …

Persistent link: https://www.econbiz.de/10008787601

Competition in Posted Prices With Bargaining

Gill, David; Thanassoulis, John - Department of Economics, Oxford University - 2013

public list or posted prices. Even though bargainers succeed innegotiating discounts off the list prices, their presence …

Persistent link: https://www.econbiz.de/10011133058

What do We Know about Consumers’ Price Perception? Research Findings of Studies in Sociology and Marketing Science

Berdysheva, Elena - In: Journal of Economic Sociology 15 (2014) 3, pp. 119-148

The article argues that economic sociologists underestimate the problem of consumers’ price perception in their studies while it may be used as an effective key to the social orders of modern markets. Sociological studies of consumers’ price perception are very few and mostly performed at...

Persistent link: https://www.econbiz.de/10011098812

Discounts and their Effects – Economic and Legal Approach

Funta, Rastislav - In: DANUBE: Law and Economics Review (2014) 4, pp. 277-285

The present article discusses the economic and legal effects of single-product loyalty discounts. It is clear that … arguments concerning the “pro-competitive” effects of such discounts must be judged with skepticism. This applies in particular … to the assumed effects of loyalty discounts resulting from double profit surcharges or falling average costs, as well as …

Persistent link: https://www.econbiz.de/10011106374

Competition and public service obligations in European aviation markets

Calzada, Joan; Fageda, Xavier - In: Transportation Research Part A: Policy and Practice 70 (2014) C, pp. 104-116

This paper analyzes the effect of universal service policies on the airline markets of five European Union countries (France, Germany, Italy, Spain and the United Kingdom) in the period 2002–2010. Results show that airfare discount schemes for island residents raise demand and positively...

Persistent link: https://www.econbiz.de/10011116456