Title:Illiquidity and Under-Valuation of Firms
Author(s):GALE, Douglas; GOTTARDI, PieroDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We study a competitive model in which market incompleteness implies that debt-financed firms may default in some states of nature and default may lead to the sale of the firms’ assets at fire sale prices when markets are ...
Title:Imitation and Selective Matching In Reputational Games
Author(s):VIGNOLO, ThierryDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper investigates imitation and selective matching in reputational
games with an outside option. We identify two classes of such games, which
are ultimatum and trust games. By selective matching we mean that ...
Title:Imitation and Selective Matching in Reputational Games
Author(s):VIGNOLO, ThierryDate:2010Type of Publication:ArticleAbstract:This paper investigates imitation and selective matching in reputational games with an outside option. We identify two classes of such games, ultimatum and trust games. By selective matching we mean that short-run players ...
Title:The Impact of Income Shocks on Health: Evidence from Cohort Data
Author(s):ADDA, Jérôme; BANKS, James; VON GAUDECKER, Hans-MartinDate:2009-01-01Type of Publication:ArticleAbstract:We study the effect of permanent income innovations on health for a prime-aged population. Using information on more than half a million individuals sampled over a 25-year period in three different cross-sectional surveys ...
Title:The Impact of Price Discrimination on Revenue: Evidence from the Concert Industry
Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Concert tickets can either be sold at a single price or at multiple prices corresponding to different seating categories. We study the relationship between price discrimination and revenue by examining variations in the ...
Title:The Impacts of Housing Derivatives Trading on the Housing Market
Author(s):ULUC, ArzuDate:2012Type of Publication:ThesisSeries/Report no.:EUI PhD thesesAbstract:Housing is the largest asset class in the world. However, in contrast to other major asset classes, including stocks and bonds, it does not have a well-developed derivatives market. In fact, housing derivatives can provide ...
Title:Imperfect Competition in Agricultural Markets: evidence from Ethiopia
Author(s):OSBORNE, TheresaDate:2005Type of Publication:ArticleAbstract:Drawing upon unique transaction-level data from rural Ethiopia, this paper tests for general forms of imperfect competition among rural wholesale traders. These traders are key to the grain distribution system as they ...
Title:Imperfect Competition in an Open Economy.
Author(s):CHRISTODOULAKIS, Nicos; WEALE, MartinDate:1990Type of Publication:Working PaperSeries/Report no.:EUI ECO