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This paper presents results of repeated economic lab experiments. They were designed to test a model of combinatorial auctions on the case of providing financial support (capital investment subsidies) to polluters. Combinatorial auctions are those auctions in which bidders can place bids on...
Persistent link: https://www.econbiz.de/10009147148
Estimation of volatility of financial time series plays a crucial role in pricing derivatives. Volatility is often …
Persistent link: https://www.econbiz.de/10005036300
Efficient Market Hypothesis has dominated the field of research on capital market theory. It postulates that asset … huge quantity of theoretical works around the world have been devoted to testing this hypothesis. In this paper, the weak … banka and ČEZ and series with randomly changed order from original series. The results of the testing indicate that returns …
Persistent link: https://www.econbiz.de/10005036665
The article is concerned with voting indicators in the European Union. The first chapter constructs a model of voting power and defines four indicators: A. Simple relative power, B. Shapley-Shubik index, C. Banzhaf index, D. Coleman index. The second chapter defines data: the voting structure...
Persistent link: https://www.econbiz.de/10005036703
noninterest profits in the two peer groups. The testing of the convergence in these variables confirmes a different pattern of …
Persistent link: https://www.econbiz.de/10008495790
The authors use a variance ratio test to test the weak form of market efficiency as regards capital markets in the Czech Republic, Slovakia, Hungary, Poland, and in the United States. Market efficiency was tested using weekly and monthly values of relevant market indices in a period from 1993...
Persistent link: https://www.econbiz.de/10005698619
Volatility of the financial time series belongs to the crucial estimated parameters in finance (e.g. in risk management, derivative pricing). It is well known, that volatility varies in time, so that new approaches of volatility modeling have appeared. In this paper two models of the conditional...
Persistent link: https://www.econbiz.de/10009294290
Persistent link: https://www.econbiz.de/10001183790
Persistent link: https://www.econbiz.de/10003298495
We examine a strategic-choice handicap model in which males send costly signals to advertise their quality to females. Females are concerned with the net viability of the male with whom they mate, where net viability is a function of the male's quality and signal. We identify circumstances in...
Persistent link: https://www.econbiz.de/10004968337