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We consider financial networks where agents are linked to each other with financial contracts. A centralized clearing mechanism collects the initial endowments, the liabilities and the division rules of the agents and determines the payments to be made. A division rule specifies how the assets...
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We clarify that the widely used estimation method for the LOT liquidity model in the market microstructure literature …
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utility of terminal wealth, we prove the existence of an information premium between what is required by the theory, a …
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In this study we examine different methodologies to estimate earnings. More specifically, we evaluate the viability of Genetic Programming as both a forecasting model estimator and a forecast-combining methodology. When we compare the performance of traditional mechanical forecasting (ARIMA)...
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