After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is given. Allowance is made for the opportunity cost of reading. Theoretically, such an agreement pushes up book prices and depresses book sales. However, more titles will be published, particularly books with low price elasticity and those that take a long time to read. Potential ad...

Observing the rise in investors Indonesian stock exchange, particularly during Covid 19 pandemic, author is interested research on fundamental analysis assessing prices especially firms textile and apparel sectors. This investigates how financial ratios affect values from 2018 to 2020. A total of 16 serve as samples. used panel data was analyzed by a regression test panel. From results, it foun...

for useful discussions, comments, and suggestions. Of course, all remaining errors are our own. Abstract This paper proposes a new approach for modeling investor fear after rare disasters. The key element is to take into account that investors' information about fundamentals driving rare downward jumps in the dividend process is not perfect. Bayesian learning implies that beliefs about the like...

Electronic order book trading has evolved in being recognized as the best-practice for trading small and mid-sized orders. Yet, this mechanism does not properly address the needs of large-sized orders which tend to execute off order book in over-the-counter markets. Order book trading provides for public price discovery but not for quantity discovery. Off book executions generally fragment the ...

Price dynamics are studied in a dataset of more than 11,000 transactions from twelve large-scale financial markets experiments with multiple risky securities. The aim is to determine whether a few simple principles govern equilibration. We first ask whether price changes are driven by excess demand as usually assumed in stability analysis of general equilibrium. The data strongly support this c...

The main objective of this research is to analyze and quickly see where legacy returns lie their current relationship with industry value (from price firm value). What if the dividend payout ratio added as an intervention variable? analytical tool used in study SmartPLS population listed on Indonesia Stock Exchange (IDX) for 2018-2020 period. results show that has a positive insignificant effec...

The growth of Internet price search tools, notably shopbots, has reduced consumers’ search costs, allowing consumers to easily become informed of price and product characteristics among competing sellers online. While a variety of analytic models predict that increased consumer search through shopbots will lower price levels among competing retailers, there is no consensus in the empirical lite...

to achieve the optimal model for capital asset pricing has always been a central issue in studies of the financial field. in this study we consider fama and french three-factor model augmented by the pastor and stambaugh (2003) liquidity risk factor. unlike most previous studies in this model, stock level beta is allowed to vary with firm-level size and book-to-market value. to verify the above...

In the absense of free trade, domestic productivity will be a major determinant of prices. I consider an empirical framework where an industry’s R&D determines its productivity. Using repeated cross-sections of absolute prices of individual goods across European countries, I find that products of an industry tend to be cheaper in countries with higher stocks of R&D in that industry. I proceed t...