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Vor einem Tag · These transaction costs encompass “search and information costs, bargaining and decision costs, and policing and enforcement costs” . Williamson [9, 10] further elaborated on this paradigm by introducing asset specificity, uncertainty, and frequency as key factors influencing the choice between market and firm-based transactions.
Vor 4 Tagen · PDF | Risk Management for Financial Institutions (II) and Asset pricing models - mainly in Developing countries and Newly industrializing/... | Find, read and cite all the research you need on ...
Vor 5 Tagen · View PDF HTML (experimental) Abstract: How to compute (super) hedging costs in rather general fi- nancial market models with transaction costs in discrete-time ? Despite the huge literature on this topic, most of results are characterizations of the super-hedging prices while it remains difficult to deduce numerical procedure to ...
Vor 6 Tagen · Our paper explores the case of the building of the fiscal state in Britain in the seventeenth and eighteenth centuries and the transaction costs that were imposed on merchants in the process. We document the complexity of the taxation regime arising from earmarking debt and debt servicing to specific taxes in the period between the ...
Vor einem Tag · Congestion pricing was developed as a first-best solution, based on the assumption that the optimal price of road space equals the marginal cost price if all other goods in the economy are also marginal cost priced. In the real world this is not true, thus, actual implementation of congestion pricing is just a proxy or second-best solution. Based on the economic principles behind congestion ...
Vor 3 Tagen · Impact cost represents the cost of executing a transaction in a given stock, for a specific predefined order size, at any given point of time. Impact cost is a practical and realistic measure of market liquidity; it is closer to the true cost of execution faced by a trader in comparison to the bid-ask spread.
Vor 4 Tagen · Calculating profit and loss on a trade is done by multiplying the dollar value of a one-tick move by the number of ticks the futures contract has moved since you purchased the contract.
