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A Theory of Convex Differentials in Economics

Mughal, Adil Ahmad - 2022

There are proposed convex and linear functions as convex differentials among subsets of commodity and price spaces in a convex and Euclidean space linearity. These subsets are tied together in the whole commodity and price space through fixed-points' equilibrium structure in the form of...

Persistent link: https://www.econbiz.de/10015268642

An empirical analysis of competition in the Indian Banking Sector in dynamic panel framework

Sinha, Pankaj; Sharma, Sakshi; Ghosh, Sayan - 2015

Competition has been regarded as a positive phenomenon for banks; it is perceived that competition makes banks more efficient, stimulates financial innovation and open up new markets For empirical assessment of the nature of competitive conditions amongst scheduled Indian commercial banks over a...

Persistent link: https://www.econbiz.de/10015250154

Welfare Effects of Certification under Latent Adverse Selection

Creane, Anthony; Jeitschko, Thomas; Sim, Kyoungbo - 2019

Asymmetric information is a classic example of market failure that undermines the efficiency associated with perfectly competitive market outcomes: the “lemons” market. Credible certification, that substantiates unobservable characteristics of products that consumers value, is often...

Persistent link: https://www.econbiz.de/10015263331

Game theory on strategic communication: an approach from Thomas S. Schelling

Estrada, Fernando; Hernández Porrras, María Leonor - 2010

In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions interdependent (strategic communication). Schelling's originality...

Persistent link: https://www.econbiz.de/10015221049

Fragments on black swan: money, credit and finance in The Arcades Project of Walter Benjamin

Estrada, Fernando - 2010

The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems...

Persistent link: https://www.econbiz.de/10015221273

Fragments on the black swan: money, credit and finance in The Arcades Project of Walter Benjamin

Estrada, Fernando - 2010

Persistent link: https://www.econbiz.de/10015221276

Adaptive interactive profit expectations using small world networks and runtime weighted model averaging

Bell, William Paul - 2008

The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive interactive profit expectations model (AIE)....

Persistent link: https://www.econbiz.de/10015231443

Stock Market Volatility Analysis: A Case Study of TUNindex

NEIFAR, MALIKA - 2020

Volatility is directly associated with risks and returns. This study aims to examine the volatility characteristics on Tunisian stock market index (5 days a weak TUNindex) that include clustering volatility, leptokurtosis, and leverage effect. The first objective is then to use the GARCH type...

Persistent link: https://www.econbiz.de/10015266862

Game theory on strategic communication: an approach from Thomas S. Schelling

Estrada, Fernando - 2010

Persistent link: https://www.econbiz.de/10015238890

Financial Innovation and Endogenous Uncertainty in Incomplete Asset Markets

Chichilnisky, Graciela; Wu, Ho-Mou - 1992

to the risk of default, which is a collective risk. The possibility of default represents endogenous uncertainty, since … existence of a general equilibrium with default, in which the agents recontract trading positions and prices in the states of … default (Theorem 1). We establish the existence of an open set of general equilibrium economies, called complex economies, in …

Persistent link: https://www.econbiz.de/10009472281