Showing 1 - 10 of 45
We compare price dynamics of different market protocols (batch auction, continuous double auction and dealership) in an agent-based artificial exchange. In order to distinguish the effects of market architectures alone, we use a controlled environment where allocative and informational issues...
Persistent link: https://www.econbiz.de/10005076141
We compare price dynamics of different market protocols (batch auction, continuous double auction and dealership) in an agent-based artificial exchange. In order to distinguish the effects of market architectures alone, we use a controlled environment where allocative and informational issues...
Persistent link: https://www.econbiz.de/10005134573
In Braess paradox adding an extra resource, and therefore an extra available choice, enriches the complexity of the game from a dynamic perspective. The analysis of the cycles and the bifurcations helps to visualize how this complexity changes, in a quite new way with respect to what is provided...
Persistent link: https://www.econbiz.de/10010869877
Persistent link: https://www.econbiz.de/10008519851
This paper introduces and analyzes a model of supervised work group where subordinates decide how to exert their effort in complementary tasks while the supervisors decide incentives. Incentives may be a combination of individual and group-based ones. The optimality of incentives is analyzed...
Persistent link: https://www.econbiz.de/10008865274
Persistent link: https://www.econbiz.de/10008440037
Persistent link: https://www.econbiz.de/10008441770
Persistent link: https://www.econbiz.de/10008229801
Persistent link: https://www.econbiz.de/10005390640
We propose an approximate static hedging procedure for multivariate derivatives. The hedging portfolio is composed of statically held simple univariate options, optimally weighted minimizing the variance of the difference between the target claim and the approximate replicating portfolio. The...
Persistent link: https://www.econbiz.de/10005413086