Now showing items 1-10 of 11
Dividend (Vol. 39, No. 2, Fall, 2008)
(Stephen M. Ross School of Business, University of Michigan, 2008)
Do Behavioral Biases Affect Prices?
(Blackwell Publishing, Inc.Wiley Periodicals, Inc., 2005-02)
This paper documents strong evidence for behavioral biases among Chicago Board of Trade proprietary traders and investigates the effect these biases have on prices. Our traders appear highly loss‐averse, regularly assuming ...
Market Emergence and Transition: Arbitrage, Transaction Costs, and Autarky in China’s Grain Markets
(Oxford University PressWiley Periodicals, Inc., 2002-02)
Using trimonthly Chinese provincial grain prices from 1988 to 1995, we estimate a parity‐bounds model of interregional trade for four subperiods to characterize how multiple aspects of market performance change during the ...
Dividend (Vol. 37, No. 2, Fall, 2006)
(Stephen M. Ross School of Business, University of Michigan, 2006)
Asymmetric Price Movements and Borrowing Constraints: A Rational Expectations Equilibrium Model of Crises, Contagion, and Confusion
(Wiley Periodicals, Inc.Blackwell Publishing, Inc., 2005-02)
This study proposes a rational expectations equilibrium model of crises and contagion in an economy with information asymmetry and borrowing constraints. Consistent with empirical observations, the model finds: (1) Crises ...
Dividend (Vol. 40, No. 2, Fall, 2009)
(Stephen M. Ross School of Business, University of Michigan, 2009)
Dividend (Vol. 38, No. 2, Fall, 2007)
(Stephen M. Ross School of Business, University of Michigan, 2007-09)
Extended and Full Incomes at the Household and Individual Level: An Application to Farm Households
(Oxford University PressWiley Periodicals, Inc., 2004-08)
Dividend (Vol. 40, No. 1, Spring, 2009)
(Stephen M. Ross School of Business, University of Michigan, 2009)
Pre‐1997 Trends in Welfare and Food Assistance in a National Sample of Families
(Oxford University PressWiley Periodicals, Inc., 2000-08)