Price Discovery in Iran Gold Coin Market
... the literature. Despite this initial similarity, the IS and PT models use different definitions of price discovery. Hasbrouck (1995) defines price discovery in terms of the variance of the innovations to the common factor. Thus the IS model measures each market’s relative contribution to this varia ...
... the literature. Despite this initial similarity, the IS and PT models use different definitions of price discovery. Hasbrouck (1995) defines price discovery in terms of the variance of the innovations to the common factor. Thus the IS model measures each market’s relative contribution to this varia ...
partition-dependent framing effects in lab and field prediction markets
... claims on actual events. A claim pays off if and only if its associated event occurs. The price of the contingent claim is thought to reflect the market’s collective probability judgment about the event’s likelihood (Manski 2006; Wolfers and Zitzewitz 2005b). Most economists are instinctively skepti ...
... claims on actual events. A claim pays off if and only if its associated event occurs. The price of the contingent claim is thought to reflect the market’s collective probability judgment about the event’s likelihood (Manski 2006; Wolfers and Zitzewitz 2005b). Most economists are instinctively skepti ...
Chapter 4: Using Futures Markets
... company and have silver stored. You own the commodity. 2. An anticipatory hedge: a commodity that you will acquire in the future. If you are a new silver mining company and just have initiated mining operations. You expect to acquire/have silver in the future. 3. An anticipatory hedge: a commodity t ...
... company and have silver stored. You own the commodity. 2. An anticipatory hedge: a commodity that you will acquire in the future. If you are a new silver mining company and just have initiated mining operations. You expect to acquire/have silver in the future. 3. An anticipatory hedge: a commodity t ...
SME Exchanges in Emerging Market Economies
... sponsors bring direct costs to the issuer. This implies higher costs that smaller emerging market issuers may not be able to bear. ...
... sponsors bring direct costs to the issuer. This implies higher costs that smaller emerging market issuers may not be able to bear. ...
Liquidity Risk and Asset Pricing
... And if liquidity costs and risks affect the required return by investors, ...
... And if liquidity costs and risks affect the required return by investors, ...