Search Results - subject_exact:"Transaction costs"

Information-neutral hedging of derivatives under market impact and manipulation risk

Alimoradian, Behzad; Barigou, Karim; Eyraud, Anne - 2026

The literature on derivative pricing in illiquid markets has mostly focused on computing optimal hedging controls, but empirical microstructure studies show that large order flow generates persistent and predictable price effects. Therefore, these controls can themselves induce endogenous market...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015591116

Monitoring technologies in industrial systems

Shekari, Saeed; Ray, Sourav - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015374346

Transactions and legal institutionalism, part I, six leading thinkers

Hodgson, Geoffrey M. - 2025

Prominent scholars have complained of inadequate clarity and agreement on what transactions are, and how their costs are measured. This two-part article explores this topic and suggests an alternative approach. This part examines different meanings of transaction cost used by leading scholars in...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015376348

Transactions and legal institutionalism, part II, contracts, money, applications

Hodgson, Geoffrey M. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015376355

Investment screening and venture capital

Eichenauer, Vera; Köppl, Stefan; Köppl-Turyna, Monika - 2025

In this paper we analyze the effects of investment screening on cross-border venture capital investments in Europe between 2007 and 2022. The data we work with is originally based on PRISM data which has been extended by Eichenauer and Wang and which we combine with deal data from Preqin to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015330409

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Investment screening and venture capital

Eichenauer, Vera; Köppl, Stefan; Köppl-Turyna, Monika - 2024

Book / Working Paper

The blockchain and corporate innovation : evidence from China

Zhang, Ping; Huang, Suqin; Wang, Tewei - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015190076

Revisiting EWMA in high-frequency portfolio optimization : a comparative assessment

Capera Romero, Laura; Opschoor, Anne - 2025

This paper compares the statistical and economic performance of state-of-the-art highfrequency based multivariate volatility models with a simpler, widely used alternative-the Exponentially Weighted Moving Average (EWMA) filter. Using over two decades of 100 U.S. stock returns (2002-2023), we...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015419907

The consumption effects of population concentration

Cai, Zhengyu; Yan, Yu - 2025

This paper empirically examines the causal effects of population concentration on household consumption in China and explores the underlying mechanisms. After addressing endogeneity concerns from various sources, our results show that a 1% increase in urban population density leads to a 0.43...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015425117

Determinants of stock market participation

Menkhoff, Lukas; Westermann, Jannis - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015463221

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Determinants of stock market participation

Menkhoff, Lukas; Westermann, Jannis - 2024

Book / Working Paper

Price discovery and efficiency in uniswap liquidity pools

Alexander, Carol; Chen, Xi; Deng, Jun; Fu, Qi - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015464875

Building credible commitments via board ties : evidence from the supply chain

Hann, Rebecca N.; Subasi, Musa; Zheng, Yue - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015467525

Ignorantics : the theory, research, and practice of ignorance in organizational survival and prosperity

De Villiers, Rouxelle - 2025

This study responds to the call by some scholars to establish a framework for ignorance. It challenges the myth that ignorance is all bad and an utterly undesirable state in organizations and proposes a new framework for the application of ignorance analytics in organizations. It includes a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015436114

Business history as institutional history

Langlois, Richard N. - 2025 - Third draft

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015445638

Closing the supply chain loop : enablers, strategies, and outcomes of blockchain implementation in reverse logistics

Oguntegbe, Kunle Francis; Di Paola, Nadia; Vona, Roberto - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641703

Regulation and restructuring in the craft brewing industry

Wood, Gavin; Martin, Declan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015396466

Taming transaction costs, risk, and uncertainty in global production and financial networks : the case of wheat futures markets

Di Luigi, Cristina; Clark, Gordon L.; Wójcik, Dariusz - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015533497

What happened on Blackstone Avenue? : transaction costs, scholarly midwives, and the birth of the Coase theorem

Medema, Steven G. - 2024

The Coase theorem has been shrouded in ambiguity and confusion throughout its life, this despite the prominent role that it plays in economic and legal analysis. As this paper demonstrates, this is no less true of the path by which Coase came to the result that bears his name. Drawing on...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014631110

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What happened on Blackstone Avenue? Transaction costs, scholarly midwives, and the birth of the Coase theorem

Medema, Steven G. - 2024

Book / Working Paper

Asymptotic methods for transaction costs

Mayerhofer, Eberhard - 2024

We propose a general approximation method for the determination of optimal trading strategies in markets with proportional transaction costs, with a polynomial approximation of the residual value function. The method is exemplified by several problems, from optimally tracking benchmarks and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014636509

The more the merrier? : examining the effects of inter-municipal cooperation on costs and service quality in upper secondary education

Sandberg, Katarina - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014564335

The challenges of incorporating consumer reliability preferences into electricity markets with a capacity requirement

Felder, Frank A. - 2024

One objective of retail electricity markets is to enable end-use consumers to incorporate their reliability preferences into their purchasing decisions. This paper investigates if and how this can be done in electricity markets with a capacity requirement. It integrates the standard loss of load...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014532607

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The challenges of incorporating consumer reliability preferences into electricity markets with a capacity requirement

Felder, Frank A. - 2024

Book / Working Paper

Political economy of international sanctions

Gutmann, Jerg; Neuenkirch, Matthias; Neumeier, Florian - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014536144

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Political economy of international sanctions

Gutmann, Jerg; Neuenkirch, Matthias; Neumeier, Florian - 2024

Book / Working Paper

Once a trader, always a trader : the role of traders in fund management

Cici, Gjergji; Schuster, Philipp; Weishaupt, Franziska - 2024

Mutual fund families are increasingly assigning traders to manage corporate bond mutual funds. Using this setting to study the role of traders in investment management, we document that trader managers identify and exploit short-term trading opportunities at lower transaction costs. These skills...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014467713

Imperfect take-up of Covid-19 business support programs

Honda, Tomohito; Hosono, Kaoru; Miyakawa, Daisuke; Ono, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014450719

Markowitz portfolios under transaction costs

Ledoit, Olivier; Wolf, Michael - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015405546

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Markowitz portfolios under transaction costs

Ledoit, Olivier; Wolf, Michael - 2024 - This version: September 2024

Edition: This version: September 2024

Book / Working Paper

Markowitz portfolios under transaction costs

Ledoit, Olivier; Wolf, Michael - 2024 - Revised version, January 2024

Edition: Revised version, January 2024

Book / Working Paper

Markowitz portfolios under transaction costs

Ledoit, Olivier; Wolf, Michael - 2022

Book / Working Paper

Modifying sequential Monte Carlo optimisation for index tracking to allow for transaction costs

Hamilton-Russell, Leila; Malan O'Callaghan, Thomas; … - 2024

Managing a portfolio whose value closely tracks an index by trading only in a subset of the index constituents involves an NP-hard optimisation problem. In the prior literature, it has been suggested that this problem be solved using sequential Monte Carlo (SMC, also known as particle filter)...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015130341

Transaction costs and capacity of systematic corporate bond strategies

Ivashchenko, Alexey; Kosowski, Robert L. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015195221

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Transaction costs and capacity of systematic corporate bond strategies

Ivashchenko, Alexey; Kosowski, Robert L. - 2023

Book / Working Paper

Money velocity, digital currency and inflation dynamics in Indonesia

Hermawan, Danny; Lie, Denny; Sasongko, Aryo; Yusan, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015196340

Why Bitcoin and Ethereum differ in transaction costs : a theory of blockchain fee policies

Ndiaye, Abdoulaye - 2024

Blockchains, the technology underlying cryptocurrencies, face large fluctuations in user demand and marginal costs. These fluctuations make effective fee policies necessary to manage transaction service allocation. This paper models the conflict between the blockchain designer and validators...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015046289

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Why Bitcoin and Ethereum Differ in Transaction Costs: A Theory of Blockchain Fee Policies

Ndiaye, Abdoulaye - 2024

Book / Working Paper

Oliver Williamson's Opportunism

Todorova, Tamara - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015620278

Markets, contracts, and hierarchies : how bargaining frictions affect governance

Ellingsen, Tore; Miettinen, Topi - 2026 - First version, April 2025, Revised January 2026

We develop an organizational governance model with a single buyer and endogenous upstream entry. Investments and control rights over assets and actions are immediately contractable; production is contractable after uncertainty resolves. We show the following: Supplier competition eliminates...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015564187

The future is under the glass : digital design protection and appropriation strategy

Amoncio, Egbert; Cuntz, Alexander; Fink, Carsten - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015592333

Multiproduct transactions in international markets

Bond, Eric W.; Heo, Ji Hye; Iyoha, Ebehi; Rodrigue, Joel - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015597224

Dynamic regularized parametric portfolio policies

Os, Bram van; Lönn, Rasmus; Dijk, Dick van - 2026

We put forward a Dynamic Regularized Parametric (DRP) approach for active portfolio policies. We build upon the parametric policy framework of Brandt et al. (2009) that directly links the portfolio weights to a limited set of asset characteristics. This yields a parsimonious specification that...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580333

Insights from lower-tier ICT suppliers : how network centrality in multi-tier supply chain relationships affects buyer financial performance

Liu, Kara Li; Özpolat, Koray; Shin, Seung Kyoon - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605923

Pricing rules with market frictions : an axiomatic approach

Cornet, Bernard - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015619822

Trade costs, entry costs, and regional economic growth in China

Qian, Zeyi; Suzuki, Kensuke; Zhang, Junfu - 2026

This paper examines sectoral growth patterns across Chinese provinces during the country's economic takeoff in the early 2000s, following major policy reforms including trade liberalization, infrastructure expansion, business climate improvements, and relaxed rural-to-urban migration...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625033

Copula Asymmetry Index (CAI++) : measuring asymmetric equity-volatility tail dependence for defensive allocation

Hatzopoulos, Peter; Statiou, Anastasios D. - 2026

This paper introduces the Copula Asymmetry Index (CAI), a rolling, rank-based measure of asymmetric tail dependence between equity returns and implied-volatility proxies. CAI is defined as the difference between the empirical frequency of joint "equity-down & volatility-up" tail events and that...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640224

Deep reinforcement learning for cryptocurrency portfolio management : a free-energy framework with geometry-based transaction costs and efficiency bounds

Moroke, Ntebogang Dinah - 2026

This paper develops a deep reinforcement learning framework for cryptocurrency portfolio management in which transaction costs are derived from the Riemannian geometry of the underlying volatility model rather than assumed constant. A Proximal Policy Optimisation agent is trained on a reward...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656154

Regulating platform bias : self-preferencing and transaction fees as strategic substitutes

Chi, Chang Koo; Choi, Jay Pil; Hahn, Jong-Hee; Kim, … - 2026

This paper studies self-preferencing incentives by vertically integrated platforms that operate both marketplaces and affiliated retail businesses. We show that self-preferencing and transaction fees are substitute instruments for profit extraction, implying that restrictions on...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656794

Structural gravity and nonparametric trade costs

Duncan, Kevin D.; Reesman, Ward M. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650838

When crisis calls, does mobile money answer? : evidence from high‑frequency transactions data in Zambia

Chibuye, Benjamin; Phiri, Sydney Chauwa - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636675

Nutrition demand, subsistence farming, and agricultural productivity

Gordeev, Stepan - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560913

The asset specificity dilemma and emergence of general purpose technologies

Harada, Tsutomu - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015666229

The anatomy of stablecoin transactions

Schär, Fabian; Kosse, Anneke; Rice, Tara N.; … - 2026 - Working paper version: June 10, 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015668395

Robust Portfolio Optimization under Computational Complexity: A P-vs-NP-Inspired Markowitz-CAPM Framework with Cardinality Constraints and a Black-Scholes Derivative-Pricing Overlay

Gondauri, Davit - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667023

The diversification of multidimensional liquidity across stock markets

Trang Thi Thanh Chu; Nguyen Duc Trung - 2026

This study aims to analyze the diverse relationships between liquidity measures in markets and then construct a multidimensional liquidity index (LI) for the stock market by systematically integrating multiple aspects of liquidity to enhance the explanatory power of liquidity...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015669182

Trust and Power in Consumer Credit Relationships : Rethinking Creditworthiness in the Data‑Driven Age

Gibbons, Damon - 2026

Zusammenfassung: This book examines the structural asymmetries embedded in contemporary consumer credit systems. Trust—essential to economic exchange—is increasingly withheld from borrowers while demanded of them. Lenders operate with minimal visibility or accountability; borrowers must...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015591835