منابع مشابه
Asset Pricing in Emerging Markets
Emerging markets provide a formidable challenge to current asset pricing theory. The reason that emerging market do not obey standard asset pricing paradigms can be traced to the lack of complete market integration of many of these markets. Importantly, to understand both the cross-section of expected returns as well as the evolution of expected returns through time in these markets, it is nece...
متن کاملMobile Telephony Pricing in Emerging Markets
Over 90% of wireless mobile subscribers in emerging wireless markets such as India employ pay-as-you-go prepaid plans. In contrast, over 90% of subscribers in mature markets such as the US pick postpaid plans with long-term contracts. Indian wireless firms fret about this because prepaid consumers generally have low loyalty and generate lower average revenue per unit than postpaid consumers. Ho...
متن کاملTransfer Pricing and Enforcement Policy in Oligopolistic Markets
We set up a symmetric two-country model with two multinationals competing on the quantities and possibly manipulating their transfer prices. Governments choose both the corporate profit tax rate and the level of enforcement of the “arm’s length” principle. We show that stronger enforcement increases equilibrium tax rates. We also find that a larger international ownership of multinationals lead...
متن کاملLong Memory in Stock Returns: A Study of Emerging Markets
The present study aimed at investigating the existence of long memory properties in ten emerging stock markets across the globe. When return series exhibit long memory, it indicates that observed returns are not independent over time. If returns are not independent, past returns can help predict future returns, thereby violating the market efficiency hypothesis. It poses a serious challenge to ...
متن کاملPricing in Matching Markets∗
We ask why different markets are cleared by different types of prices—a universal price for all buyers and sellers in some markets, seller-specific prices that are uniform across buyers in others, and personalized prices tailored to both the buyer and the seller in yet others. We link these prices to differences in the premuneration values—the values in the absence of any payments (muneration)—...
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: Montenegrin Journal of Economics
سال: 2020
ISSN: 1800-5845,1800-6698
DOI: 10.14254/1800-5845/2020.16-2.17