We study the implications of interfirm product market linkages for dependence among the daily stock returns of US publicly traded firms using a spatial econometric regression. The effects of rivals and major customers change with various characteristics related to the product market network. We...

We analyze the importance of different asset holdings for the interdependence of the yield curves in the Euro area using a spatial VAR model. We find that the cross-border holdings of long-term debt and bank lending are important for the interdependence. We also find that comovement in the Euro...

Using a large cross-section of international household-level data, we explore the relation between institutional quality, households' level of trust and stock-market participation. We find that institutional quality has a significant impact on both trust and stock-market participation. We also...

Ticket allocations in a mixed ticket system (MTS) containing flexible products is a revenue management (RM) distribution method introduced from the civil aviation industry to the railways. This allocation method has been studied in recent years, but there is a need for further research to...

Most experts try their best to enhance investment performance of multifactor strategy by appending new useful factors or by optimizing existing factors. However, few people take the supply chain into consideration during multifactor strategy designing. Indeed, supply and demand relationships in...

We study the income inequality among streamers using the administrative data of a leading Chinese live-streaming platform. The live-streaming technology enables a superstar to produce new entertainment products matched with demand and occupies a larger market share. Imagine an extreme case; the...

This paper uses a dynamic panel-data gravity model to explain the correlations between 40 markets from 1996 to 2010 using four types of market linkages: information capacity, financial integration, economic integration, and similarity in industrial structure. The mechanism of interdependence of...