The underpricing phenomenon of Initial Public Offerings (IPOs) has been widely studied across different stock markets around the world and has often been explained to be a result of asymmetrically distributed information and ex-ante uncertainty. However, as Ritter and Welch (2002) argue, these...

The overallotment or greenshoe option has become very popular in the German IPO market since its introduction in 1995 and is nowadays an important tool to stabilize IPOs or to issue additional shares in the case of excess demand. Besides providing evidence for the prevalence of price support...

The underpricing phenomenon of Initial Public Offerings (IPOs) has been widely studied across different stock markets around the world and has often been explained to be a result of asymmetrically distributed information and ex-ante uncertainty. However, as Ritter and Welch (2002) argue, these...

This paper is concerned with two related features of the labor market-the ratio of long-term to total unemployment, R, and the relat ionship between unemployment and vacancies (the "U-V curve"). A model is developed to explain R in terms of the average probability that an unemployed person will...