BARRIER MARKET RESTRICTIONS, THEIR ECONOMIC NATURE AND CONSEQUENCES

Study of the Economic Nature of the Barrier Options and Its Jurisprudential Analysis

The purpose of this study is to investigate the economic and jurisprudential nature of barrier Option. Options are a type of derivative instrument in the financial markets that gives a person the right to buy or sell an asset without obligation. This tool is used along with other types of derivative tools to cover risk and speculation. Two kindes of barrier option are the Knock-In and Knock-out...

Criminal Choices and their Economic Consequences

This thesis addresses questions in the Economics of Crime regarding the effect of crime on GDP per capita and its growth rate, and criminal choices. The first part of the thesis presents evidence concerning the effect of crime on economic outcomes in Italy. Using an Instrumental Variables (IV) strategy and a system GMM approach, the empirical exercise identifies the effect of different crimes o...

Artificial Economic Agents with Heterogeneous Cognitive Capacity and Their Economic Consequences: Study Based on Agent-Based Double Auction Market Simulations

Despite the increasing tendency to make intelligence an explicit control variable in experimental economics and to explore its emergent outcomes, agent-based computational economics, which is normally claimed as the software counterpart of experimental economics, has paid almost no attention to this development. On the contrary, from a pure engineering viewpoint, there is a tendency to make sof...

International Differences in Longevity and Health and Their Economic Consequences

International Differences in Longevity and Health and Their Economic Consequences In 1975, 50 year-old Americans could expect to live slightly longer than their European counterparts. By 2005, American life expectancy at that age has diverged substantially compared to Europe. We find that this growing longevity gap is primarily the symptom of real declines in the health of near-elderly American...

Aggregative Consequences of Removing Restrictions