Results 71 to 80 of about 863 (152)
Serial Investing and Strategic Commitment in Markets With Unknown Competitors
Journal of Economics &Management Strategy, EarlyView.ABSTRACT We study how serial investors who regularly face unknown competitors attempt to make their projects dominant. Innovating in new markets often involves uncertainty over the nature of the final product and who the key competitors will be. Such projects also have long‐term funding needs, so a commitment to provide the necessary funds imparts a ...
Naveen Khanna, Richmond Mathews
wiley +1 more source
Do carbon prices affect stock prices?
Journal of Financial Research, EarlyView.Abstract We explore how carbon pricing affects corporate financial performance during Phase 3 of the European Union Emissions Trading Scheme (EU ETS). We find that the relationship between carbon prices and stock prices depends critically on the proportion of verified emissions covered by freely allocated ETS allowances: For firms with a greater ...
Patrick Bolton +2 more
wiley +1 more source
Best Before? Expiring Central Bank Digital Currency and Loss Recovery
Journal of Money, Credit and Banking, EarlyView.Abstract Physical cash enables payments in the absence of electricity or network coverage. Such offline payment functionality promotes the operational resilience and, particularly in developing countries, the accessibility of payments. Central banks are exploring issuing digital cash substitutes with similar offline payment functionality.
CHARLES M. KAHN +2 more
wiley +1 more source
Phosphorylation coexists with O-GlcNAcylation in a plant virus protein and influences viral infection. [PDF]
Mol Plant Pathol, 2018 Martínez-Turiño S +8 more
europepmc +1 more source
Has the Euro Paid Off? A Study of the Trade‐Induced Welfare Effects of the EMU
Journal of Money, Credit and Banking, EarlyView.Abstract This paper aims to provide policy‐relevant insights into the effect of the euro on trade. It uses a new data set of bilateral international and intranational manufacturing trade flows for 69 countries over the period 1986−2016. A general equilibrium gravity model is estimated to quantify the welfare effect of the euro and its impact on ...
Silviano Esteve‐Pérez +3 more
wiley +1 more source
Journal of Money, Credit and Banking, EarlyView.Abstract We evaluate whether deposit insurance (DI) promotes liquidity by influencing depositor behavior. We use the postal savings (PS) system and state‐adopted DI schemes during the 1920s to examine the effect of bank suspensions on PS deposit growth in pairs of border cities (DI versus non‐DI).
Lee K. Davison, Carlos D. Ramirez
wiley +1 more source
Model Ambiguity versus Model Misspecification in Dynamic Portfolio Choice
The Journal of Finance, EarlyView.ABSTRACT We study aversion to model ambiguity and misspecification in dynamic portfolio choice. Risk‐averse investors (relative risk aversion γ>1$\gamma > 1$) fear return persistence, while risk‐tolerant investors (0<γ<1$0<\gamma <1$) fear mean reversion, when confronting model misspecification concerns of identically and independently distributed (IID)
PASCAL J. MAENHOUT +2 more
wiley +1 more source
Intentionality detection and "mindreading": why does game form matter? [PDF]
Proc Natl Acad Sci U S A, 2000 McCabe KA, Smith VL, LePore M.
europepmc +1 more source
Innovation, Licensing, and Competition: Evidence From Genetically Engineered Crops
The Journal of Industrial Economics, EarlyView.ABSTRACT We provide a novel empirical analysis of the role of technology licensing, between competitors, for genetically engineered (GE) traits in the US seed industry. We extend the standard differentiated‐product Bertrand pricing model to include trait licensing, which permits us to recover marginal costs and (otherwise unobserved) royalty rates ...
GianCarlo Moschini, Edward D. Perry
wiley +1 more source