Results 121 to 130 of about 7,235,439 (370)
Arbitrage in Housing Markets [PDF]
Urban economists understand housing prices with a spatial equilibrium approach that assumes people must be indifferent across locations. Since the spatial no arbitrage condition is inherently imprecise, other economists have turned to different no ...
Edward L. Glaeser, Joseph Gyourko
core
Optimal portfolio selection in an It\^o-Markov additive market
, 2018 We study a portfolio selection problem in a continuous-time It\^o-Markov additive market with prices of financial assets described by Markov additive processes which combine L\'evy processes and regime switching models.
Palmowski, Zbigniew +2 more
core +1 more source
American Journal of Agricultural Economics, EarlyView.Abstract Agricultural subsidies can be an effective policy tool to enhance soil organic carbon sequestration. This paper assesses the effectiveness of a second‐best hypothetical policy which subsidizes additional canola hectares optimally for each soil zone in Saskatchewan in an effort to increase soil organic carbon.
Devin A. Serfas
wiley +1 more source
Credit risk with semimartingales and risk-neutrality [PDF]
A no-arbitrage framework to model interest rates with credit risk, based on the LIBOR additive process, and an approach to price corporate bonds in incomplete markets, is presented in this paper.
Jesús P. Colino, Winfried Stute
core
Do tax havens affect the usage of share buybacks schemes?
Annals of Public and Cooperative Economics, EarlyView.Abstract This study examines whether the use of tax haven subsidiaries by U.S. multinational corporations (MNCs) is associated with more intense usage of share buybacks. I find that MNCs' more intensive tax haven subsidiary usage is positively associated with a higher buyback ratio, a higher level of free cash flow and a higher level of return on ...
Alessandro Chiari
wiley +1 more source
The Inconvenience Cost: A Portfolio Approach to Non-Convergence Between Cash and Futures Prices [PDF]
Cash and futures prices should reach equality, or converge, upon contract maturity. Traders can impose convergence during the delivery month through arbitrage behavior: either making or taking delivery on futures contracts.
Adjemian, Michael K. +2 more
core +1 more source
, 1998 The paper studies the role of risk arbitrage in takeover contests. We show that arbitrageurs have an incentive to accumulate nontrivial stakes in a company target of a takeover. For each arbitrageur, the knowledge of his own presence (and that he will tender a positive fraction of his shares) is an informational advantage which guarantees that there is
Cornelli, F, Li, D D
openaire
Further Considerations Needed to Assess Reshoring: Its Impact on Host Communities
Business Ethics, the Environment &Responsibility, EarlyView.ABSTRACT After several decades of offshoring, reshoring is becoming an emergent strategy in many countries and industries. Both governments compel firms to reshore their production to their home countries as firms find, in some cases, that it is more profitable for them to do so.
Fernando Merino
wiley +1 more source
Impact of Financial Crisis on the Profitability of Capital Structure Arbitrage in Australia
The International Journal of Banking and Finance, 2016 We evaluate the performance of a convergence style capital structure arbitrage trading strategy using Australian CDS spreads estimated by the Credit Grades model.
Jiri Svec Nicholas
doaj