Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 20 of 38 for “"transactions costs"”.
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On durable and nondurable consumption with transactions costs
Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics, 1992.
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Durable goods and transactions costs : theory and evidence
Thesis: Ph. D., Massachusetts Institute of Technology, Department of Economics, 1991
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An agency/transactions-costs approach and application to vertical coordination arrangements in food and agricultural markets
… on an integration of elements from Agency and Transactions-cost theories, was followed to develop a theoretical framework for characterizing vertical coordination decisions at the firm level. Vertical coordination modes were defined as all possible arrangements between buyers and sellers along …
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Two analyses of costs of agricultural NPS pollution: Transactions costs of expanding nutrient trading to agricultural working lands and Impacts of TCs and differential BMP adoption rates on the cost of reducing agricultural NPS pollution in Virginia
… watershed. Firstly, current and possible future transactions costs associated with specific aspects of agricultural NPS participation in water quality trading (WQT) programs are examined in Chapter 1. A case study approach is used to consider the possible cost consequences of expanding the use of …
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Implied Transaction Costs in Agricultural Futures Markets
… of market behavior. We show that implied transactions costs do exist, at times are large, and are not easy to estimate, but careful examination of the data and selection of procedures can shed light on their magnitude and patterns of behavior. Accurately measured and understood transaction …
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Rebalancing strategies for synthetic call options
… are calculated for the rebalancing errors and transactions costs for each of the strategies. The rebalancing error is equal to the difference between the synthetic call and listed call values.
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UK mutual fund performance
… wealth at a 10 year horizon and finds that if transactions costs are above 2.5% per fund round trip, a passive strategy seems at least as good as the active strategies examined while with transactions costs of 5% the passive strategy is most probably superior. The study also examines the market …
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The Korean stock market: structure, behaviour and test of market efficiency
… turned out to be significant before deducting transactions costs. But considering transactions costs, the abnormal gain is close to zero. In summary, the results show that the Korean stock market in its early stages did not have the ability to help investors to 'relatively correctly price' the …
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Do accruals exacerbate information asymmetry in the market?
… implied in these empirical results, affects transactions costs in the form of the bid-ask spread and its adverse selection component. I examine this impact both, in general, for all trading activity occurring for a firm over a continuous flow of information during the year and around the …
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An empirical examination of Value line options
… returns are eliminated after consideration of transactions costs. There is, however, a strong and persistent correlation between option rankings and returns performance. In general, the results are consistent with the relative superiority of Value Line’s estimates of future stock price variance.
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Intra-daily put call parity in the PHLX currency options market
… of positive PCP deviations is examined with transactions costs and specifically taking into account simultaneity of the data. Censored regressions are used to determine the causes of these positive PCP deviations. The results from all exchange rate measures indicate that less than 3.571% of …
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International dispute settlement system design : analysis of the World Trade Organization
… a number of characteristics: they involve lower transactions costs in terms of economics, time, bureaucracy, diplomacy and opportunity; parties are satisfied with the outcome and the process; relationships among the affected parties
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Economic impact of credit unions on rural communities
… modeled credit unions as potentially reducing transactions costs for local businesses. Regression results indicated that the presence of credit unions was statistically significant and positive in our most parsimonious models including only natural amenity factors, agglomeration measures and …
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An analysis of judgemental bias in housing choice
… and decentralised marketplace; and the high transactions costs involved, there is a significant risk that decision making may depart from the high standard imposed by the normative economic concept of 'rational choice'. This thesis uses the insights of the economic theory of choice - from …
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The economics of firm size, market structure and the market for political influence
… problems which it faces.These internal transactions costs are not generally reduced to a significant degree when influence is produced for the large firm because of the non-durable nature of legislation created for conspicuous corporate units. Thus, the value of the marginal product of …
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Essays on technical analysis in financial markets
… well, even allowing for realistic levels of transactions costs. And accounting for structural instability via the ROC method also improves performance.
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Three essays on the cost components of the bid-ask spread
… the true price. Together with compensation for transactions costs, this leads to a greater revision in transaction price. Using TSE 35 trade and quote data for March and May 1996, the pooled cross-section and time series results support this view. The second essay examines the costs of adverse …
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Incentives and Firm Behaviors
… will help alleviate the classic agency costs in modern organizations. </p> <p>Stock illiquidity raises the cost of share ownership to outside investors. The sizable adverse price impact of trading increases transactions costs and stock volatility. The reduced gains from informed trading …
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Incentives and Institutions: A Comparative Legal and Economic Study of Food Safety
… to the public goods nature of food safety, transactions costs and institutional factors. Amongst the various mechanisms available to the society to govern food safety, the main issue is to determine mechanisms that can perform well in the particular institutional setting that prevails. It is …
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Active and passive assets, their returns and the role of market efficiency
… of market efficiency (information and transactions costs), to assess the link through which relative AUM affect relative return rankings and vice versa. A long-run relationship is found between relative return rankings and relative AUM. In the short run, changes in relative return …
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