منابع مشابه
Do Customers Learn from Stock Prices?
This paper provides evidence that a firm’s stock price movements affect its customer demand. I develop a model in which customers learn about a firm’s product quality partially from its stock price. This learning induces feedback from the price to customer demand. Furthermore, the firm manager adjusts product launch decisions in anticipation of these demand shifts. Consistent with the model’s i...
متن کاملDo Customers Learn from Experience? Evidence from Retail Banking
We study customers’ adoption and subsequent switching decisions, with regard to a menu of three-part tariff plans offered by a commercial bank. Using a rich panel data set covering 70,000 fee-based checking accounts over 30 months, before and after the introduction of the plans, we find that most customers adopt non-cost-minimizing plans, preferring plans with large monthly allowances and high ...
متن کاملDo Stock Prices and Volatility Jump? Reconciling Evidence from Spot and Option Prices
This paper examines the empirical performance of jump diffusion models of stock price dynamics from joint options and stock markets data. The paper introduces a model with discontinuous correlated jumps in stock prices and stock price volatility, and with state dependent arrival intensity. We discuss how to perform likelihood-based inference based upon joint options/returns data and present est...
متن کاملDo Stock Prices and Volatility Jump? Reconciling Evidence from Spot and Option Prices
This paper studies the empirical performance of jump-di usion models that allow for stochastic volatility and correlated jumps a ecting both prices and volatility. We propose a simulation method for conducting likelihood based inference from a panel of options data, as well as returns data simultaneously. Empirical results from S&P 500 returns/options di er from the current literature in severa...
متن کاملDo Residential Customers Respond to Hourly Prices? Evidence from a Dynamic Pricing Experiment
Widespread participation of retail electricity consumers in short-term wholesale electricity markets throughout the United States is rapidly becoming technologically feasible. A number of jurisdictions are installing or have installed interval meters for a large fraction or all of their retail customers. With this technology in place, the only remaining barrier is whether state regulators will ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2016
ISSN: 1556-5068
DOI: 10.2139/ssrn.2871154