In Zavanella and Zanoni (2009) 'A one-vendor multi-buyer integrated production- inventory model: The ‘Consignment Stock’ Case,' a one-vendor multi-buyer model was established, based on which the cost of the vendor and buyers are derived. However, buyer’s total cost in Equation (2) does not...

This paper studies the characteristics of firm level equity volatility. There is a lack of consensus in the finance literature as to the relative statistical and economic significance of the leverage and feedback effects on equity volatility. We provide a dynamic framework to investigate...