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Following the publication of Eleftheriou and Michelacakis (2016a), it was brought to our attention that the problem identified and corrected in Eleftheriou and Michelacakis (2016a) affects more papers than just the Beladi et al. (2008). Two such instances of published papers that we know of are...
Persistent link: https://www.econbiz.de/10012982170
The aim of this paper is to revise and correct the results obtained in Beladi et al. [Beladi, H., Chakrabarti, A., Marjit, S., 2010. Cross-border merger, vertical structure, and spatial competition. Economics Letters 109, 112-114]. Specifically, we prove that the Nash equilibrium locations of...
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This commentary examines the slope of the sovereign bond yield curve before and during the Covid-19 pandemic. The yield curve as a sentiment indicator on the future growth prospects of the euro area is upward sloping, indicating that borrowing money long-term is more expensive than short-term...
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This paper defines a variety of game theoretic solution concepts in the language of soft set theory. We begin by defining the Nash equilibrium in pure strategies. We assume that the gains of the players are totally ordered and non-desirable alternatives are absent. Moreover, we introduce the...
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In this study we estimate and compare the realized range volatility, a novel efficient volatility estimator computed by summing high-low ranges for intra-day intervals, to the recently popularized realized variance estimator obtained by summing squared intra-day returns. Our results derived from...
Persistent link: https://www.econbiz.de/10014164928
Using a novel high-frequency data set, we examine the contribution of Greek trading to the price discovery process of a pair of Cypriot blue-chip, cross-listed stocks during overlapping trading hours. Additionally, we investigate the effects of market fragmentation on the home market's quality,...
Persistent link: https://www.econbiz.de/10013029194