Results 111 to 120 of about 441,238 (236)
Equilibrium Reward for Liquidity Providers in Automated Market Makers
Mathematical Finance, EarlyView.ABSTRACT We find the equilibrium contract that an automated market maker (AMM) offers to their strategic liquidity providers (LPs) in order to maximize the order flow that gets processed by the venue. Our model is formulated as a leader–follower stochastic game, where the venue is the leader and a representative LP is the follower.
Alif Aqsha +2 more
wiley +1 more source
Dam Management in the Era of Climate Change
Mathematical Finance, EarlyView.ABSTRACT Climate change has a dramatic impact, particularly by concentrating rainfall into a few short periods, interspersed with long dry spells. In this context, the role of dams is crucial. We consider the optimal control of a dam, where the water level must neither exceed a designated safety threshold nor fall below a minimum level to ensure ...
Cristina Di Girolami +3 more
wiley +1 more source
Three Theorems on the Envelop of Extremals [PDF]
Proceedings of the National Academy of Sciences, 1935 openaire +5 more sources
A Theorem on Preference Aggregation [PDF]
I present a general theorem on preference aggregation. This theorem implies, as corollaries, Arrow's Impossibility Theorem, Wilson's extension of Arrow's to non-Paretian aggregation rules, the Gibbard-Satterthwaite Theorem and Sen's result on the ...
Salvador Barberà
core
Too Much Finance: Mechanisms That Harm Growth and Policy Implications
The Manchester School, EarlyView.ABSTRACT The mechanisms for the financial sector to harm growth arise through short‐termism of financial markets. This leads to the misallocation of resources in the private sector, leading to financial crises and damage to growth. However, harm to growth comes not only from financial crises, but also from the failure of short‐termist financial markets
Arup Daripa +2 more
wiley +1 more source
Envelope Addressed to Mrs. Archibald Thompson
, 1922 : Envelope addressed by Dr. Carlos Montezuma to Mrs. Archibald Thompson, Philadelphia, PA. Envelope is thought to have held volume 8, issue #19 of the Wassaja Newsletter.Newsletter available at https://repository.asu.edu/items ...
core
Firms' Payoffs in a Bertrand‐Edgeworth Game Under Triopoly
Metroeconomica, EarlyView.ABSTRACT This paper studies Bertrand‐Edgeworth competition among firms producing a homogeneous commodity under efficient rationing and constant (and identical across firms) marginal cost until full capacity utilization is reached. The focus is on the equilibrium payoffs under triopoly when the demand function is defined on the set of the non‐negative ...
Massimo A. De Francesco, Neri Salvadori
wiley +1 more source
Information disclosure and questionnaires in public tenders
The Scandinavian Journal of Economics, EarlyView.Abstract Public tenders typically involve uncertainty and unforeseen costs, which might not be fully known to the bidders themselves. This uncertainty may also concern adaptation costs to the procurer after the delivery, and information about such adaptation costs may influence the bidding strategies, even though the cost is paid by the procurer ...
Thomas Greve, Hans Keiding
wiley +1 more source
Envelope Addressed to the Honorable J.H. Sample
, 1922 : Envelope addressed by Dr. Carlos Montezuma to the Hon. J.H. Sample, Los Angeles, CA. Envelope is thought to have held volume 8, issue #19 of the Wassaja Newsletter.Newsletter available at https://repository.asu.edu/items ...
core
Interdependent‐value auctions with spiteful bidders
The Scandinavian Journal of Economics, EarlyView.Abstract I study the interaction between spiteful preferences and interdependent values in auctions. While spite causes overbidding in both auction formats, interdependent values affect spiteful bidders' incentives differently depending on the auction format.
Matthew J. Robertson
wiley +1 more source