搜索结果: 1-14 共查到“Asymmetry”相关记录14条 . 查询时间(0.079 秒)
The Macroeconomic Effects of Information Asymmetry in the Capital Markets
Actual return Effective market equilibrium Information asymmetry IS-LM framework Pseudoeffective market model
2016/1/27
It is possible to say that no matter how the Efficient Market Hypothesis has been criticized and/or overhauled, a degree of the relevant data proliferation is crucial to the investor’s decision making...
Economic integration, industrial specialization, and the asymmetry of macroeconomic fluctuations
Capital market integration Monetary union
2015/9/21
We show empirically that regions with a more specialized production structure exhibit
output fluctuations that are less correlated with those of other regions (less ‘symmetric’
fluctuati...
Economic Integration, Industrial Specialization, and the Asymmetry of Macroeconomic Fluctuations
Economic integration EMU risk sharing
2015/9/21
We show empirically that regions with a more specialized production structure exhibit output °uctuations that are less correlated with those of other regions (less \symmetric" °uctuations). Combined w...
Why Do Inventors Sell to Patent Trolls?Experimental Evidence for the Asymmetry Hypothesis
Sell to Patent Trolls the Asymmetry Hypothesis
2015/6/9
Why do individual patent holders assign their patents to “trolls” rather than license their technologies directly to manufacturers or assert them through litigation? We explore the hypothesis that an ...
Decision Making Under Information Asymmetry:Experimental Evidence on Belief Refinements
Decision Choices and Conditions
2015/4/29
We explore how individuals make decisions in an operations management setting when there is information asymmetry between the firm and an outside investor. A common assumption in the signaling game li...
Business Cycle Asymmetry in China: Evidence from Friedman’s Plucking Model
business cycle plucking model asymmetry regime switching structural break
2011/4/1
Friedman’s plucking model of business fluctuations suggests that output cannot exceed an upper limit, or ceiling level, but it is occasionally plucked downward, with depth and steepness, due to recess...
Hedging Effectiveness under Conditions of Asymmetry
Hedging Performance Asymmetry Lower Partial Moments Value at Risk Conditional Value at Risk
2011/3/31
We examine whether hedging effectiveness is affected by asymmetry in the return distribution by applying tail specific metrics to compare the hedging effectiveness of short and long hedgers using crud...
Exchange-traded funds and information asymmetry
exchange-traded funds information asymmetry liquidity adverse selection cost
2010/10/18
The exchange-traded funds (ETFs) are traded just like shares of common stocks, but they
are unit investment trusts and their share prices are directly linked to their respective stock indexes. Theore...
Information Asymmetry in Pricing of Credit Derivatives
Information Asymmetry Pricing Credit Derivatives
2010/10/18
We study the pricing of credit derivatives with asymmetric information. The managers have complete information on the value process of the firm and on the default threshold, while the investors on the...
Gain/loss asymmetry in time series of individual stock prices and its relationship to the leverage effect
gain/loss asymmetry leverage effect EGARCH retarded volatility model
2010/11/3
Previous research has shown that for stock indices, the most likely time until a return of a
particular size has been observed is longer for gains than for losses. We establish that this so-called ga...
On the Pricing of Corporate Value under Information Asymmetry
option pricing principal-agent conflicts information asymmetries
2009/5/7
This paper examines the corporate value of a decentralized firm in the presence of principal-agent conflicts due to information asymmetries. When owners delegate the management to managers, contracts...
A Markovian Model Market - Akerlof's Lemmons and the Asymmetry of Information
Markovian Market Model Asymmetric Information Technological Evolution
2010/11/1
In this work we study an economic agent based model under different asymmetric information degrees. This model is quite simple and can be treated analytically since the buyers evaluate the quality of ...
Temporal structure and gain/loss asymmetry for real and artificial stock indices
Temporal structure gain/loss asymmetry mutual information
2010/11/1
We demonstrate that the gain/loss asymmetry observed for stock indices vanishes if the temporal dependence structure is destroyed by scrambling the time series. We also show that an artificial index c...
On the Pricing of Corporate Value under Information Asymmetry
option pricing principal-agent conflicts information asymmetries
2010/12/7
This paper examines the corporate value of a decentralized firm in the presence of principal-agent conflicts due to information asymmetries. When owners delegate the management to managers, contracts ...