Results 221 to 230 of about 256,580 (261)
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The Gilt Market: Models and Model-based Trading
Journal of the Operational Research Society, 1994The construction of a model of the UK Government bond market, the gilts market, is described. The model uses discount functions, represented by low degree polynomials in the form of B splines, to estimate the theoretical price of each gilt. A demonstration of the use of the model for trading gilts is given and shown to be profitable. The gilt market is
Richard Flavell +2 more
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BIN Models for Trade-by-Trade Data. Modelling the Number of Trades in a Fixed Interval of Time [PDF]
, 2000 In this paper we propose a simple time series model of the number of transactions made in intervals of length $\Delta $ seconds. We call this model the {\sf BIN} model. The properties of the {\sf BIN} model are evaluated while we explore connections between this model and Cox processes --- that is Poisson processes with random intensities. We apply the
Tina Hviid Rydberg, Neil Shephard
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A Model of Trade in Exhaustible Resources
International Economic Review, 1988What distinguishes exhaustible resources from most other goods is not only their non-renewable nature, but also a combination of two other important characteristics related to their economic functions. In their role as an input, resources serve as an esseptial factor in the production of final goods.
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International trade in a disequilibrium model [PDF]
, 1990 The present paper is confined to a macroeconometric disequilibrium model for the Federal Republic of Germany. The model consists of three main building blocks: goods and labour markets and a monetary sector. Allowing for spillovers between goods and labour markets our main concern is to explain the fluctuations of aggregate output and employment. Their
Franz, Wolfgang +2 more
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Fragmentation in simple trade models
The North American Journal of Economics and Finance, 1998Abstract This paper examines the effects of “fragmentation,” defined as the splitting of a production process into two or more steps that can be undertaken in different locations but that lead to the same final product. Introducing the possibility of fragmentation into simple theoretical models of international trade, the paper finds the effects of ...
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The Complexity of Models of International Trade
2009We show a range of complexity results for the Ricardo and Heckscher-Ohlin models of international trade (as Arrow-Debreu production markets). For both models, we show three types of results: 1 When utility functions are Leontief and production functions are linear, it is NP-hard to decide if a market has an equilibrium. 1 When utility functions and
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A `Managerial' Model of the Trade Union
The Economic Journal, 1988This paper criticizes the main existing models of the trade union for assuming that union objectives are coterminous with those of union me mbers, thus neglecting the role of the union leadership. The discussi on is related to traditional controversies about whether unions shoul d be seen as "economic" or "political" institutions.
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Trade and Trade Policy in Endogenous Growth Models
1999Since the late 1980s, trade theorists have been aware that trading opportunities and trade policy can have important, and lasting, effects on a nation’s rate of economic growth. Conversely, since the time of Edgeworth, Mill and Ricardo trade economists have been studying the consequences of ongoing improvements in technology and growth of factor ...
M. Scott Taylor, Neil Vousden
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Semantic Modeling of the Emissions Trading System
2013 24th International Workshop on Database and Expert Systems Applications, 2013Fight against global warming is a tough challenge requiring synergic efforts from governments, industry and scientific communities. Facing these challenges by means of sectorial or local approaches is a loosing strategy. A holistic approach is required to provide more flexibility and prompt responses to unpredicted side effects on environment, economy ...
Cecilia Camporeale +4 more
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A multiscale model of high-frequency trading
Algorithmic Finance, 2012We propose and study a stylization of high frequency trading (HFT). Our interest is an order book which consists of orders from slow liquidity traders and orders from high-frequency traders. We would like to frame a model which is amenable to the (seemingly natural) mathematical toolkit of separation of scales and which can be used to address some of ...
Andrei Kirilenko +2 more
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