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Firms, Shareholders, and Financial Markets

Mirman, Leonard J.; Santugini, Marc - Centre Interuniversitaire sur le Risque, les Politiques … - 2011

We study the influence of the financial market on the decisions of firms in the real market. To that end, we present a model in which the shareholders portfolio selection of assets and the decisions of the publicly-traded firms are integrated through the market process. Financial access alters...

Persistent link: https://www.econbiz.de/10009283400

Firms, shareholders, and financial markets

Mirman, Leonard J.; Santugini, Marc - In: The Quarterly Review of Economics and Finance 53 (2013) 2, pp. 152-164

We study the influence of the financial market on the decisions of firms in the real market. To that end, we present a model in which the shareholders’ portfolio selection of assets and the decisions of the publicly traded firms are integrated through the market process. Financial access...

Persistent link: https://www.econbiz.de/10010664072

Integrating Real and Financial Decisions of the Firm

Mirman, Leonard J.; Salgueiro, Egas M.; Santugini, Marc - Centre Interuniversitaire sur le Risque, les Politiques … - 2013

We study the issue of integrating real and financial decisions in a monopoly firm with risk-averse decision-makers. To …

Persistent link: https://www.econbiz.de/10011263110

The income effect under uncertainty : a Slutsky-like decomposition with risk aversion

Antoniadou, Elena; Mirman, Leonard J.; Santugini, Marc - 2016

Persistent link: https://www.econbiz.de/10011445400

Noisy Learning and Price Discrimination: Implications for Information Dissemination and Profits

Gendron-Saulnier, Catherine; Santugini, Marc - Centre Interuniversitaire sur le Risque, les Politiques … - 2013

We study third-degree price discrimination in the presence of uninformed buyers who extract noisy information from observing prices. In a noisy learning environment, price discrimination can be detrimental to the firm and beneficial to the consumers. On the one hand, discriminatory pricing...

Persistent link: https://www.econbiz.de/10011252852

Noisy Signaling in Monopoly

Mirman, Leonard J.; Salgueiro, Egas; Santugini, Marc - Institut d'Économie Appliquée, HEC Montréal (École … - 2011

monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on …

Persistent link: https://www.econbiz.de/10008876408

The Simple Analytics of Price Signaling Quality

Mirman, Leonard J.; Santugini, Marc - Institut d'Économie Appliquée, HEC Montréal (École … - 2011

equilibrium. We first study the behavior of the monopoly when price conveys information about quality. We then show the effect of …

Persistent link: https://www.econbiz.de/10008876409

Noisy signaling in monopoly

Mirman, Leonard J.; Salgueiro, Egas M.; Santugini, Marc - In: International Review of Economics & Finance 29 (2014) C, pp. 504-511

monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on …

Persistent link: https://www.econbiz.de/10010729770

The Informational Benefit of Price Discrimination

Gendron-Saulnier, Catherine; Santugini, Marc - Institut d'Économie Appliquée, HEC Montréal (École … - 2013

We consider a monopoly supplying a homogeneous good to two separate markets with different demands. In one of the …

Persistent link: https://www.econbiz.de/10010941047

Firms, Shareholders, and Financial Markets.

Mirman, Leonard J.; Santugini, Marc - Institut d'Économie Appliquée, HEC Montréal (École … - 2008

We study the influence of the financial market on the decisions of firms in the real market. To that end, we present a model in which the shareholders’ portfolio selection of assets and the decisions of the publicly-traded firms are integrated through the market process. Financial access...

Persistent link: https://www.econbiz.de/10005489838