Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10005486325
The monthly pattern of suicides has remained a puzzle ever since it was discovered in the second half of the 19th century. In this paper we intend to “explain” not the pattern itself but rather its changes across countries and in the course of time.
Persistent link: https://www.econbiz.de/10011194053
We describe, document and statistically test three mechanisms by which corporations can influence or even control stock prices: (i) Parent and holding companies wield control over other publicly traded companies. (ii) Through clever management of treasury stock based on buyback programs and...
Persistent link: https://www.econbiz.de/10011059352
It is a common belief that the behavior of shareholders depends upon the direction of price fluctuations: if prices increase they buy, if prices decrease they sell. That belief, however, is more based on ``common sense'' than on facts. In this paper we present evidence for a specific class of...
Persistent link: https://www.econbiz.de/10005098476
We describe and document three mechanisms by which corporations can influence or even control stock prices. (i) Parent and holding companies wield control over other publicly traded companies. (ii) Through clever management of treasury stock based on buyback programs and stock issuance, stock...
Persistent link: https://www.econbiz.de/10005084027
It is usually assumed that stock prices reflect a balance between large numbers of small individual sellers and buyers. However, over the past fifty years mutual funds and other institutional shareholders have assumed an ever increasing part of stock transactions: their assets, as a percentage...
Persistent link: https://www.econbiz.de/10005084365
One distinctive and pervasive aspect of social systems is the fact that they involve several kinds of agents. Thus, in order to draw parallels with physical systems one is led to consider binary (or multi-component) compounds. Recent views about the mixing of liquids in solutions gained from...
Persistent link: https://www.econbiz.de/10010590252
Speculation not only occurs in financial markets but also in numerous other markets, e.g. commodities, real estate, collectibles, and so on. Such speculative movements result in price peaks which share many common characteristics: same order of magnitude of duration with respect to amplitude,...
Persistent link: https://www.econbiz.de/10010590289
Transportation costs still play an important role in the economics of commodity markets. In this paper I present a theoretical framework aimed at describing spatial arbitrage under uncertainty; I analyze the effect of changing transport costs on different, yet related, variables: volume of...
Persistent link: https://www.econbiz.de/10009392312
This anniversary paper is an occasion to recall some of the events that shaped institutional econophysics. But in these thoughts about the evolution of econophysics in the last 15 years we also express some concerns. Our main worry concerns the relinquishment of the simplicity requirement. Ever...
Persistent link: https://www.econbiz.de/10008622235