Results 241 to 250 of about 1,608,678 (297)

Anti-Limit Pricing [PDF]

open access: possibleSSRN Electronic Journal, 2005
Extending Milgrom and Roberts (1982) we present an infinite horizon entry model, where the incumbent(s) may use the current price to signal its strength to deter entry. We show that, due to the importance of entrants' types on the post-entry duopoly/oligopoly profits, the incumbent(s) may want to signal its weakness to invite entry of weaker firms.
Jun, Byoung Heon, Park, In-Uck
openaire   +4 more sources

Prices and Price Limits

SSRN Electronic Journal, 2015
This paper studies the effects of price limits implemented by the Securities and Exchange Commission (SEC) after the May 2010 ‘Flash Crash.’ The security-level price limits halt trading after a security’s price experiences a sudden and large movement.
Jonathan Brogaard, Kevin Roshak
openaire   +1 more source

The limit-price mechanism [PDF]

open access: possibleJournal of Mathematical Economics, 2003
This standard Shapley-Shubik strategic market game with two commodities (the double auctions) is generalized to a multi-commodity fully symmetric trading model. As a result the proper Shapley's windows model extends to allow for limit orders in addition to market orders.
openaire   +2 more sources

Limit Pricing and Uncertain Entry

Econometrica, 1971
The situation in which a seller is aware that his pricing policy will affect the probability of entry of competing suppliers is studied. The seller's optimal price policy is developed under the assumption that the entry probability is a non-decreasing function of product price and that the objective is present value maximization.
Kamien, Morton I, Schwartz, Nancy L
openaire   +1 more source

Limits to linear price behavior: futures prices regulated by limits

Journal of Futures Markets, 2001
AbstractThis article analyzes the behavior of futures prices when the exchange is regulated by price limits. With a model analogous to exchange‐rate target‐zone models, we tested for the existence of a nonlinear S‐shape relation between observed and theoretical futures prices.
Anthony D. Hall, Paul Kofman
openaire   +1 more source

Limit Pricing and Potential Competition

Journal of Political Economy, 1973
In the August 1967 issue of the Journal of Political Economy, Roger Sherman and Thomas Willett (S-W) demonstrated that "within the framework of the Bain-Sylos-Modigliani model" increasing the number of potential entrants "will not lower the entry-forestalling limit price; instead, it will usually raise it."1 The policy implications of this result are ...
Goldberg, Victor, Moirao, Sharon
openaire   +1 more source

Do price limits inhibit futures prices?

2008 IEEE International Symposium on Parallel and Distributed Processing, 2008
We investigate the effect of daily price limits, which trigger a trading halt if the limit is hit, in futures markets. Empirically, it has been observed that futures price limits are rarely hit. This could be because traders avoid putting in bid-ask quotes which could trigger a trading halt.
Latha Shanker   +1 more
openaire   +1 more source

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