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A prospective analysis of competitive balance levels in Major League Soccer
Gomez-Gonzalez, Carlos; Corral, Julio del; Jewell, R. Todd - In: Review of industrial organization : RIO 54 (2019) 1, pp. 175-190
Persistent link: https://www.econbiz.de/10012156479
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Structural change in competitive balance in big-time college football
Salaga, Steven; Fort, Rodney - In: Review of industrial organization : RIO 50 (2017) 1, pp. 27-41
Persistent link: https://www.econbiz.de/10011779475
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The lifecycle of affirmative action policies and its effect on effort and sabotage behavior
Chowdhury, Subhasish M.; Danilov, Anastasia; Kocher, Martin - 2023 - This version: May 16, 2023
which individuals participate in a real-effort tournament and can sabotage each other. We find that AA does not necessarily … after the introduction of the AA policy. Additionally, we observe less sabotage under AA when the tournament started … directly with the AA regime. The removal of AA policies, however, significantly intensifies sabotage. Finally, there are no …
Persistent link: https://www.econbiz.de/10014480254
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How central is central counterparty clearing? : a deep dive into a European repo market during the crisis
Ebner, André; Fecht, Falko; Schulz, Alexander - 2016
Repo markets offering central counterparty (CCP) clearing and anonymized trading were remarkably resilient during the recent crises. We use the full transaction level dataset on all repo trades on Eurex Repo, including identifiers for market participants, to provide a detailed description of the...
Persistent link: https://www.econbiz.de/10011483061
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OTC discount
Roure, Calebe de; Mönch, Emanuel; Pelizzon, Loriana; … - 2019
We study price dispersion and venue choice in the interdealer market for German sovereign bonds, where an exchange and over-the-counter segments coexist. We show that 85% of OTC traded prices are favorable with respect to exchange quotes, indicating the prevalence of an OTC discount. This...
Persistent link: https://www.econbiz.de/10012125222
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The determinants of BUND-future price changes : an ordered probit analysis using DTB and LIFFE data
Kaiser, Ulrich - 1997
This paper investigates the determinants of transaction price changes during BUND-future trading at Deutsche Terminbörse (DTB) and London International Financial Futures Exchange (LIFFE). The analysis uses the ordered probit model, which is an econometric tool that is comparatively new to the...
Persistent link: https://www.econbiz.de/10011621695
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Order exposure and liquidity coordination : does hidden liquidity harm price efficiency?
Cebirogly, Gökhan; Hautsch, Nikolaus; Horst, Ulrich - 2017
We show that the excessive use of hidden orders causes artificial price pressures and abnormal asset returns. Using a simple game-theoretical setting, we demonstrate that this effect naturally arises from mis-coordination in trading schedules between traders, when suppliers of liquidity do not...
Persistent link: https://www.econbiz.de/10011697233
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De l'importance de la microstructure d'un marché de permis de polluer
Germain, Marc; Lovo, Stefano M.; Van Steenberghe, Vincent - 2000
Persistent link: https://www.econbiz.de/10001492406
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Optimal trade execution under endogenous order flow
Chen, Ying; Hoang Hai Tran; Horst, Ulrich - 2023
We consider an optimal liquidation model in which an investor is required to execute meta-orders during intraday trading periods, and his trading activity triggers child orders and endogenously affects future order flow, both instantaneously and permanently. Under the assumptions of risk...
Persistent link: https://www.econbiz.de/10014476807
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The determinants of BUND-future price changes : an ordered probit analysis using DTB and LIFFE data
Kaiser, Ulrich - 1997
Persistent link: https://www.econbiz.de/10013428091