Results 261 to 270 of about 330,603 (296)
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American Journal of Agricultural Economics, 1985
In a recent book, Sir Peter Medawar distinguishes between those questions that scientific research can and cannot answer. My paper has a more modest goal. Price analysts have never pretended to answer deep philosophical questions, but rather have tried to understand agricultural markets.
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In a recent book, Sir Peter Medawar distinguishes between those questions that scientific research can and cannot answer. My paper has a more modest goal. Price analysts have never pretended to answer deep philosophical questions, but rather have tried to understand agricultural markets.
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2007
We consider a two-period framework where a multimarket incumbent firm faces, in one of the markets, a single potential entrant offering a differentiated product. The incumbent has private information about his production cost and may use both pre-entry prices as predatory signals. We find multiple pure strategy perfect bayesian equilibria.
Sílvia Jorge, Cesaltina Pires
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We consider a two-period framework where a multimarket incumbent firm faces, in one of the markets, a single potential entrant offering a differentiated product. The incumbent has private information about his production cost and may use both pre-entry prices as predatory signals. We find multiple pure strategy perfect bayesian equilibria.
Sílvia Jorge, Cesaltina Pires
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Monopoly pricing with limited demand information
Journal of Revenue and Pricing Management, 2009Traditional monopoly pricing models assume that firms have full information about the market demand and consumer preferences. In this paper we study a prototypical monopoly pricing problem for a seller with limited market information and different levels of demand learning capability under relative performance criterion of the competitive ratio.
Serkan Eren, Costis Maglaras
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International Review of Financial Analysis, 1999
Abstract This paper characterizes the behavior of observed asset prices under price limits and proposes the use of two-limit truncated and Tobit regression models to analyze regression models whose dependent variable is subject to price limits. Through a proper arrangement of the sample, these two models, the estimation of which is easy to implement,
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Abstract This paper characterizes the behavior of observed asset prices under price limits and proposes the use of two-limit truncated and Tobit regression models to analyze regression models whose dependent variable is subject to price limits. Through a proper arrangement of the sample, these two models, the estimation of which is easy to implement,
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Dynamic short‐sale constraints, price limits, and price dynamics
International Journal of Managerial Finance, 2012PurposeThe purpose of this paper is to take advantage of a natural experiment in Taiwan to test the effect of short‐sales constraints on price dynamics.Design/methodology/approachSince September 1998, short‐selling is banned at a price below the close price of the previous trading day.
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Price limits and stock market volatility
Economics Letters, 2001zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Market Making, Prices, and Quantity Limits
Review of Financial Studies, 2000This article develops a model of spread and depth setting under asymmetric information where the equilibrium depth is proportionally more sensitive than the spread to changes in the degree of information asymmetry. The analysis uses a one-period model in which a risk-neutral, monopolistic market maker faces a price-sensitive liquidity trader and a ...
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1975
Bain formulated his limit-price’ theory in an article published in 1949,1 several years before his major work Barriers to New Competition which was published in 1956. His aim in his early article was to explain why firms over a long period of time were keeping their price at a level of demand where the elasticity was below unity, that is, they did not ...
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Bain formulated his limit-price’ theory in an article published in 1949,1 several years before his major work Barriers to New Competition which was published in 1956. His aim in his early article was to explain why firms over a long period of time were keeping their price at a level of demand where the elasticity was below unity, that is, they did not ...
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Costly arbitrage and skewness pricing: Evidence from first-day price limit reform in China
Pacific-Basin Finance Journal, 2021Jing Yao
exaly