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Competition between Exchanges: A research Agenda
Cantillon, Estelle; Yin, Pai-Ling - Solvay Brussels School of Economics and Management, … - 2011
This paper describes open research questions related to the competition and market structure of financial exchanges and argues that only a combination of industrial organization and finance can satisfactorily attack these questions. Two examples are discussed to illustrate how the combination of...
Persistent link: https://www.econbiz.de/10009321736
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Modeling and Testing Structured Markets: A Nested Logit Approach
Kannan, P. K.; Wright, Gordon P. - In: Marketing Science 10 (1991) 1, pp. 58-82
A structured market for a product category is a pair (, ) consisting of a set of consumers who have the same decision tree, , which reflects the process by which the consumers in evaluate product features when making choices. Using a nested logit approach: (1) we present methods to test for the...
Persistent link: https://www.econbiz.de/10008788320
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Profitable horizontal mergers without cost advantages: The role of internal organization, information, and market structure
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - Wissenschaftszentrum Berlin für Sozialforschung (WZB) - 2001
and welfare – improving even if costs are linear. The driving force behind these results, which help to reconcile theory … Wirkungen auf die Marktstruktur. Sie reduzieren nicht einfach die Zahl der Wettbewerber in einem Markt, sondern durch Fusionen … Kostensynergien gibt. Der Schlüssel für dieses Ergebnis, das eine Theorie für eine Reihe von empirischen Befunden liefert, ist der …
Persistent link: https://www.econbiz.de/10009370662
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Marktstruktur, Innovationsaktivität und Profitabilität der deutschen Ernährungswirtschaft: Das Beispiel Functional Food.
Wittkopp, Antje - Institut für Ernährungswirtschaft und … - 2002
Zeitraum 1995 bis 1999 empirisch der Einfluss der Marktstruktur auf die allgemeine Innovationsaktivität sowie speziell jene im …
Persistent link: https://www.econbiz.de/10009647564
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The Impact of Dark and Visible Fragmentation on Market Quality (Replaces CentER Discussion Paper 2011-051)
Degryse, Hans; de Jong, Frank C. J. M.; van Kervel, V.L. - Tilburg University, Center for Economic Research - 2011
Two important characteristics of current European equity markets are rooted in changes in financial regulation (the Markets in Financial Instruments Directive). The regulation (i) allows new trading venues to emerge, generating a fragmented market place and (ii) allows for a substantial fraction...
Persistent link: https://www.econbiz.de/10011090715
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Game theoretical models of market structure
Sutton, John - London School of Economics (LSE) - 1996
This paper reviews the recent literature on game-theoretic models of market structure and their empirical implementation.
Persistent link: https://www.econbiz.de/10011126329
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Game-theoretic models of market structure
Sutton, John - London School of Economics (LSE) - 1996
This paper reviews the recent literature on game-theoretic models of market structure and their empirical implementation.
Persistent link: https://www.econbiz.de/10010928801
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Game Theoretical Models of Market Structure
Sutton, John - Suntory and Toyota International Centres for Economics … - 1996
This paper reviews the recent literature on game-theoretic models of market structure and their empirical implementation.
Persistent link: https://www.econbiz.de/10005670774
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The Market Microstructure Approach to Foreign Exchange: Looking Back and Looking Forward
King, Michael; Osler, Carol; Rime, Dagfinn - Department of Economics, International Business School, … - 2012
Looking back, 30 years of research on foreign exchange (FX) market microstructure reveals that order flow, heterogeneity among agents, and private information are crucial determinants of short-run exchange rate dynamics. Microstructure researchers have produced empirically-driven models that fit...
Persistent link: https://www.econbiz.de/10010896681
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Foreign exchange market structure, players and evolution
King, Michael R.; Osler, Carol; Rime, Dagfinn - Norges Bank - 2011
Electronic trading has transformed foreign exchange markets over the past decade, and the pace of innovation only accelerates. This formerly opaque market is now fairly transparent and transaction costs are only a fraction of their former level. Entirely new agents have joined the fray,...
Persistent link: https://www.econbiz.de/10009292069