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The market for "lemons" : quality uncertainty and the market mechanism
Akerlof, George A. - In: An economic theorist's book of tales : essays that …, (pp. 7-22). 1984
Persistent link: https://www.econbiz.de/10001822364
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The market for 'lemons': quality uncertainty and the market mechanism
Akerlof, George A. - In: Market failure or success : the new debate, (pp. 66-78). 2002
Persistent link: https://www.econbiz.de/10001936024
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Day-Ahead Risk Averse Market Clearing Considering Demand Response with Data-Driven Load Uncertainty Representation : A Singapore Electricity Market Study
Li, Yuanzheng; Huang, Jingjing; Liu, Yun; Zhao, Tianyang; … - 2022
Demand response program is being implemented in the National Electricity Market of Singapore, which boosts the … flexibility of demand side to actively participate in the real-time electricity market. Meanwhile, it is also significant to … implement such a program in the day-ahead market, since load providers are able to adjust their hourly purchasing schedules …
Persistent link: https://www.econbiz.de/10013294689
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Information und Risiko in der Marktwirtschaft
Baecker, Dirk - 1988 - 1. Aufl.
Persistent link: https://www.econbiz.de/10014269318
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Risk Aversion : Differential Conditions for the Concavity in Transformed Two-Parameter Distributions
Corradin, Fausto; Sartore, Domenico - 2016
The condition of Risk Aversion implies that the Utility Function must be concave. Taking into account the dependence of the Utility Function on the wealth that in turn depends on the return, we consider a return with any type of two-parameter distribution. It is possible to define Risk and...
Persistent link: https://www.econbiz.de/10014124383
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Collateral-Enhanced Default Risk
Kenyon, Chris - 2013
collateralization, by exposing entities to daily mark-to-market volatility, enhance default probability. This quantifies the well …
Persistent link: https://www.econbiz.de/10013087656
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Household Delinquency, Bank Capital Reserves, and Risk-Taking Spillover
Chu, John C.; Ou, Jitao - 2022
long-term economic growth. Therefore, the central bank offers a liquidity guarantee when all market lenders back out so the …
Persistent link: https://www.econbiz.de/10013403065
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Strategic Disclosure, Primary Market Uncertainty, and Informed Trading
Ding, Weihan; Zhu, Xingchen - 2023
primary market underpricing due to informed sales by the underwriter in the secondary market. When demand is uncertain, the … uncertainty, and the market liquidity on the informativeness of the optimal disclosure. Our model not only captures the adverse …
Persistent link: https://www.econbiz.de/10014257684
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UNISWAP : Impermanent Loss and Risk Profile of a Liquidity Provider
Aigner, Andreas A.; Dhaliwal, Gurvinder - 2021
pairs of currencies allowing market participants to swap them using the fixed price function. Liquidity providers take on … market risk as a liquidity provider in exchange for earning commissions on each trade. Here we analyze the risk profile of a …
Persistent link: https://www.econbiz.de/10013220350
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Factor-Based Hedge Fund Replication with Risk Constraints
Harris, Richard D. F. - 2017
In this paper, we propose a method for hedge fund replication using a factor-based model supplemented with a series of risk and return constraints that implicitly target all the moments of the hedge fund return distribution. We use the approach to replicate the monthly returns of ten broad hedge...
Persistent link: https://www.econbiz.de/10012951213