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Quadratic Funding under Limited Matching Funds : Evidence from Gitcoin
Pasquini, Ricardo - 2021
goods financing, under a limited pool of matching funds. I explore questions to understand under which conditions social … efficiency will most likely be compromised, such as for example, what determines the size of the optimal pool of matching funds … increase in target quadratic funding matching requirements, and the funding constraint is reached very early in the rounds. I …
Persistent link: https://www.econbiz.de/10013242737
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Optimal Allocation of Limited Funds in Quadratic Funding
Pasquini, Ricardo - 2022
We examine the allocation of a limited pool of matching funds to public good projects using Quadratic Funding. In … Weyl (2019) where only funds in the matching pool are distributed among projects. We show that this mechanism achieves a …
Persistent link: https://www.econbiz.de/10014079598
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Siphoned Apart : A Portfolio Perspective on Order Flow Fragmentation
Baldauf, Markus; Mollner, Joshua; Yueshen, Bart Z. - 2022
We study liquidity provision in fragmented markets. Market makers intermediate heterogeneous order flows, trading off expected spread revenue and inventory costs. Portfolio considerations to diversify inventory risk reveal that market makers have an incentive to siphon certain orders, thus...
Persistent link: https://www.econbiz.de/10013403634
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Bargaining for Over-the-Counter Risk Redistributions : The Case of Longevity Risk
Boonen, Tim J. - 2017
Existing literature regarding the natural hedge potential that arises from combining liabilities with different sensitivities focuses on the optimal liability mix, but does not address the question whether and how changes in the liability mix can be obtained. In the absence of a well-functioning...
Persistent link: https://www.econbiz.de/10012974804
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Finanzwirtschaftliches Risikomanagement
Grebe, Uwe - 1993
Persistent link: https://www.econbiz.de/10000858181
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Analytical Pricing of CDOs in a Multi-Factor Setting by a Moment Matching Approach
Castagna, Antonio - 2012
We try and apply the single-scenario version of the general model in Castagna, Mercurio and Mosconi (2010) to the pricing of CDOs. We are able to establish a unified approach to both evaluate the Credit VaR and the risk of structured products, and thus evaluate on a consistent and uniform basis...
Persistent link: https://www.econbiz.de/10013112255
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Student portfolios and the college admissions problem
Chade, Hector; Lewis, Gregory; Smith, Lones - In: The review of economic studies 81 (2014) 3, pp. 971-1002
Persistent link: https://www.econbiz.de/10010485038
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Mathematical analysis of replication by cash flow matching
Natolski, Jan; Werner, Ralf - In: Risks : open access journal 5 (2017) 1, pp. 1-15
The replicating portfolio approach is a well-established approach carried out by many life insurance companies within their Solvency II framework for the computation of risk capital. In this note, we elaborate on one specific formulation of a replicating portfolio problem. In contrast to the two...
Persistent link: https://www.econbiz.de/10011636566
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Mathematical foundation of the replicating portfolio approach
Natolski, Jan; Werner, Ralf - In: Scandinavian actuarial journal (2018) 6, pp. 481-504
Persistent link: https://www.econbiz.de/10011939702