Essays in the Empirical Analysis of Auction Markets
Author : Ali Hortaçsu
Publisher :
Page : 390 pages
File Size : 27,48 MB
Release : 2001
Category :
ISBN :
Author : Ali Hortaçsu
Publisher :
Page : 390 pages
File Size : 27,48 MB
Release : 2001
Category :
ISBN :
Author : Cheng Few Lee
Publisher : World Scientific
Page : 269 pages
File Size : 46,43 MB
Release : 2006-04-18
Category : Business & Economics
ISBN : 9814478830
News Professor Cheng-Few Lee ranks #1 based on his publications in the 26 core finance journals, and #163 based on publications in the 7 leading finance journals (Source: Most Prolific Authors in the Finance Literature: 1959-2008 by Jean L Heck and Philip L Cooley (Saint Joseph's University and Trinity University). Market microstructure is the study of how markets operate and how transaction dynamics can affect security price formation and behavior. The impact of microstructure on all areas of finance has been increasingly apparent. Empirical microstructure has opened the door for improved transaction cost measurement, volatility dynamics and even asymmetric information measures, among others. Thus, this field is an important building block towards understanding today's financial markets. One of the pioneers in the field of market microstructure is David K Whitcomb, who retired from Rutgers University in 1999 after 25 years of service. David generously funded the David K Whitcomb Center for Research in Financial Services, located at Rutgers University. The Center organized a conference at Rutgers in his honor. This conference showcased papers and research conducted by the leading luminaries in the field of microstructure and drew a broad and illustrious audience of academicians, practitioners and former students, all who came to pay tribute to David K Whitcomb. Most of the papers in this volume were presented at that conference and the contributions to this volume are a lasting bookmark in microstructure. The coverage of topics on this volume is broad, ranging from the theoretical to empirical, and covering various issues from market architecture to liquidity and volatility.
Author :
Publisher :
Page : 398 pages
File Size : 23,17 MB
Release : 2007
Category : Economics
ISBN :
Author : Dek Terrell
Publisher : Emerald Group Publishing
Page : 427 pages
File Size : 16,62 MB
Release : 2020-04-15
Category : Business & Economics
ISBN : 1789739594
Including contributions spanning a variety of theoretical and applied topics in econometrics, this volume of Advances in Econometrics is published in honour of Cheng Hsiao.
Author : David B. Audretsch
Publisher : Springer Science & Business Media
Page : 283 pages
File Size : 31,39 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 9401127956
Empirical Studies in Industrial Organization brings together leading scholars who present state-of-the-art research in the spirit of the structure-conduct-performance paradigm embodied in the work of Leonard W. Weiss. The individual chapters are generally empirically or public policy oriented. A number of them introduce new sources of data that, combined with the application of appropriate econometric techniques, enable new breakthroughs and insights on issues hotly debated in the industrial organization literature. For example, five of the chapters are devoted towards uncovering the link between market concentration and pricing behavior. While theoretical models have produced ambiguous predictions concerning the relationship between concentration and price these chapters, which span a number of different markets and situations, provide unequivocal evidence that a high level of market concentration tends to result in a higher level of prices. Three of the chapters explore the impact of market structure on production efficiency, and three other chapters focus on the role of industrial organization on public policy. Contributors include David B. Audretsch, Richard E. Caves, Mark J. Roberts, F.M. Scherer, John J. Siegfried and Hideki Yamawaki.
Author : Stanford University
Publisher :
Page : pages
File Size : 12,48 MB
Release : 2002
Category : Education
ISBN :
Author : Markus Gsell
Publisher : Columbia University Press
Page : 228 pages
File Size : 38,25 MB
Release : 2010-07-09
Category : Business & Economics
ISBN : 3838201140
Technological innovations are altering the traditional value chain in securities trading. Hitherto the order handling, i.e. the appropriate implementation of a general trading decision into particular orders, has been a core competence of brokers. Labeled as Algorithmic Trading, the automation of this task recently found its way both into the brokers' portfolio of service offerings as well as to their customers' trading desks. The software performing the order handling thereby constantly monitors the market(s) in real-time and further evaluates historical data to dynamically determine appropriate points in time for trading. Within only a few years, this technology propagated itself among market participants along the entire value chain and has nowadays gained a significant market share on securities markets worldwide. Surprisingly, there has been only little research analyzing the impact of this special type of trading on markets. Markus Gsell's book aims at closing this gap by analyzing the drivers for adoption of this technology, the impact the application of this technology has on markets on a macro level, i.e. how the market outcome is affected, as well as on a micro level, i.e. how the exhibited trading behavior of these automated traders differs from normal traders' behavior.
Author : George Horwich
Publisher : Purdue University Press
Page : 396 pages
File Size : 37,3 MB
Release : 1981
Category : Business & Economics
ISBN : 9780911198591
This volume honors Emanuel T. Weiler, the founder and first dean of Purdue University's School of Management and of the Krannert Graduate School of Management. Beginning in the mid-1950s, Weiler created a unique academic environment within which innovative and lasting contributions were made to both the teaching and content of economics and management. Members of the original economics faculty recruited by Weiler as well as several of their students wrote this collection of essays. All but one of the papers were prepared expressly for the volume and have not been published previously. The essays cover diverse areas which evolved from Weiler's leadership. The work has four major topical divisions (Economic Theory, Applied Economics, Macroeconomics, and Economics Education) plus a section of four memoirs.
Author : Janine Aron
Publisher : World Bank Publications
Page : 44 pages
File Size : 10,37 MB
Release : 1994
Category : Comercio exterior - Africa (Sub-Saharan)
ISBN :
Author : Vernon L. Smith
Publisher : Cambridge University Press
Page : 829 pages
File Size : 49,25 MB
Release : 1991-11-29
Category : Business & Economics
ISBN : 0521364566
A collection of the major papers of Vernon L. Smith, the main creator of the new field of experimental economics.