Showing 1 - 10 of 58
Persistent link: https://www.econbiz.de/10005733799
Persistent link: https://www.econbiz.de/10005388093
Persistent link: https://www.econbiz.de/10005409070
Persistent link: https://www.econbiz.de/10005413808
We analyze a simple model of an asset market, in which a large rational trader interacts with “noise speculators” who seek short-run speculative gains, and become active following a prolonged episode of mispricing relative to the asset’s fundamental value. The model gives rise to price...
Persistent link: https://www.econbiz.de/10011041788
We model differences among agents in their ability to recognize temporal patterns of prices. Using the concept of DeBruijn sequences in two dynamic models of markets, we demonstrate the existence of equilibria in which prices fluctuate in a pattern that is independent of the fundamentals and...
Persistent link: https://www.econbiz.de/10005549616
We offer an explanation for why regional carriers may not survive in hub-spoke networks. When a regional carrier and a hub operator compete in a spoke market, both will suffer losses in that market. But if the hub operator exists in the spoke market, its profits in connecting markets will fall....
Persistent link: https://www.econbiz.de/10005353979
Persistent link: https://www.econbiz.de/10005153493
Persistent link: https://www.econbiz.de/10005153520
Persistent link: https://www.econbiz.de/10005159490