منابع مشابه
Settlement Risk under Gross and Net Settlement
Previous comparative analyses of gross and net settlement have focused on the credit risk of the central counterparty in net settlement arrangements, and on the incentives for participants to alter the risk of the portfolio under net settlement. By modeling the trading economy that generates the demand for payment services, we are able to show some largely unexplored advantages of net settlemen...
متن کاملCost Pass-through under Delegation
The rate of cost pass-through exceeds 50% under strategic delegation of decision-making to managers with sales revenue contracts regardless of the number of rms in the industry and demand curvature. This contrasts sharply with pro t-maximization, for which cost pass-through can take on any positive value. The key intuition is that rms under delegation act as if they faced more rivals than th...
متن کاملTrial and Settlement under Cumulative Prospect Theory
It is well-known that if the parties in a legal dispute agree about the likelihood of potential trial outcomes then they will be inclined to settle vs. going to trial in order to reduce litigation costs and risk. In this paper, we assume that both plaintiff and defendant evaluate this decision in accordance with Cumulative Prospect Theory. It is found that the two parties will sometimes be unab...
متن کاملPredicting the settlement of coarse granular materials under vertical loading
Granular materials are widely used in industrial processes despite their complex and poorly understood mechanical behaviour both in static and dynamic regimes. A prototypical example is the settlement and compaction of a granular bed under vibrational loading. The elementary mechanisms of this process are still unclear and there is presently no established theory or methodology to predict the s...
متن کاملIncomplete cost pass-through under deep habits
Article history: Received 25 November 2008 Revised 23 May 2009 Available online 11 June 2009 JEL classification: D1 D4 L1
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ژورنال
عنوان ژورنال: Japanese Journal of Human Geography
سال: 1951
ISSN: 1883-4086,0018-7216
DOI: 10.4200/jjhg1948.3.43