Results 261 to 270 of about 453,944 (292)

Asking prices, selling prices, and anchoring effects

International Journal of Wine Business Research, 2015
Purpose– Commercial auctions of cultural goods are typically brokerage arrangements where potential buyers may consider pre-sale estimates (PSEs) in bidding. The economic theory suggests that PSEs should provide honest guidance – winning bids should, on average, equal PSEs – but available research from fine art and antique auctions finds otherwise. The
Denton Marks, David M. Welsch
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Optimal bid-ask price strategies

Omega, 1982
Abstract Economic analysis has begun to focus on the implications of transaction costs to trading in capital assets. Specifically, the economics of market making and the price of liquidity has received considerable attention. This paper formulates the market maker's bid-ask price decision as a semi-Markov decision process with the reward being a ...
Blyth Archibald, Jerome B Baesel, Dawson E Brewer   +2 more
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Asking Prices and Inspection Goods [PDF]

, 2012
When a seller with a single, indivisible good meets with potential buyers sequentially, the process of price determination often involves an asking price: the seller quotes a price at which he is willing to sell immediately, but he also allows bids below this price and can recall such bids after meeting with other buyers.
Ronald Wolthoff, Lodewijk Visschers, Benjamin Lester   +2 more
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The Relative Contribution of Ask and Bid Quotes to Price Discovery

SSRN Electronic Journal, 2012
For both the Spanish Stock Exchange (SSE) and the NYSE, we provide robust evidence of daily asymmetries in the contribution of ask and bid quotes to price discovery. These asymmetries are non-negligible, in the sense that they are not driven by noise.
Roberto Pascual, Bartolomé Pascual-Fuster   +1 more
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The Impact of Bid‐Ask Prices on Market Anomalies

Financial Review, 1991
AbstractA substantial body of literature on security market anomalies has evolved since the articulation of the efficient markets hypothesis. These anomalies include the size, January, and weekend effects. The evidence of such anomalies has been based upon returns computed from closing prices.
Ben Branch, David P. Echevarria
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To Win with 'Smart Beta' Ask If the Price is Right

SSRN Electronic Journal, 2016
In our paper — “How Can ‘Smart Beta’ Go Horribly Wrong?” — we show, using U.S. data, that the relative valuation of a strategy (in comparison with its own historical norms) is correlated with the strategy’s subsequent return at a five-year horizon.
Robert D. Arnott, Noah Beck, Vitali Kalesnik   +2 more
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Asking Price Mechanism with Dynamic Arrivals [PDF]

, 2014
This paper studies a popular selling mechanism relevant to the Australian housing market in which the seller of the object posts an asking price to attract potential buyers for further negotiations. The game is studied in a dynamic setting with the possibility of more than one potential buyer arriving at each period.
Khezr, Peyman, Sengupta, Abhijit
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Residential property price indices using asking prices: the case of Cyprus

2022
This paper uses micro data on property advertisements published in widely circulated newspapers and online to construct residential price indices for Cyprus. The sample covers the period from 2000Q1 to 2018Q2 and contains information on various property characteristics (e.g. property type, size, location).
Andreou, Sofia N., Pashourtidou, Nicoletta   +1 more
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Bid and Ask Prices in Hierarchical Trees

1997
The main problem with the models of Chapter 3 is that in a natural economic environment equilibrium may fail to exist. In particular, this is the case if one considers the simple model of successive monopolies in which all agents are consumers. The reason for this is that the institutional characteristic of mono pricing does not enable the dominating ...
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Asymmetric Futures Price Distribution and Bid-Ask Quotes

SSRN Electronic Journal, 2009
AbstractThis study presents a model for estimating the asymmetry of the futures price with respect to the futures bid‐ask spread. Analysis of Data from the Swedish OMXS 30 index futures market shows clear evidence of futures price asymmetry, where the futures price in general tends to be closer to the bid than to the ask quote.
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