Blar i NHH Brage på emneord "transaction costs"
Viser treff 1-8 av 8
-
Allocation of specific assets, relationship duration, and contractual safeguarding in buyer-seller relationships
(Working Paper, Working paper, 2002-12)This study explores the interaction effect of bilateral dependency and relationship duration on contractual safeguarding. In particular, the study compares how the allocation of specific assets, unilateral or mutual, affects ... -
American option pricing with transaction costs
(Discussion paper, Working paper, 2003-10)In this paper we examine the problem of finding investors’ reservation option prices and corresponding early exercise policies of American-style options in the market with proportional transaction costs using the utility ... -
Consequences of imitation by poor countries on international wage inequalities and global growth
(Working paper, Working paper, 2000-12)This paper presents an endogenous growth model where the level of international transaction costs may be decisive for whether the poor East specializes in agriculture production, imitates goods from the rich West, or makes ... -
Dynamic portfolio optimization with transaction costs and state-dependent drift
(Working paper;2014:1, Working paper, 2014)We present an efficient numerical method to determine optimal portfolio strategies under time- and state-dependent drift and proportional transaction costs. This scenario arises when investors have behavioral biases or ... -
Hedging without sweat : a genetic programming approach
(Working paper;2013:5, Working paper, 2013)Hedging in the presence of transaction costs leads to complex op- timization problems. These problems typically lack closed-form so- lutions, and their implementation relies on numerical methods that provide hedging ... -
Hedging without sweat: a genetic programming approach
(Journal article; Peer reviewed, 2013-06-26)Hedging in the presence of transaction costs leads to complex optimization problems. These problems typically lack closed-form solutions, and their implementation relies on numerical methods that provide hedging strategies ... -
Information technology, richness of services and income distribution : is ICT after all the great equalizer?
(Working Paper, Working paper, 2002-07)This paper discusses how information and communication technology (ICT) affects the richness and reach of services such as education, health and entertainment. These services consist of several components, some of which ... -
Understanding opportunity discovery and sustainable advantage : the role of transaction costs and property rights
(Discussion paper, Working paper, 2008-07)To add insight in new value creation, opportunity discovery should be integrated with strategic management theory. Based on the resource-based view and the economics of property rights we build a framework that ...