Browsing Discussion papers (FOR) by Subject "delayed information"
Now showing items 1-2 of 2
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Credit spreads and incomplete information
(Discussion paper, Working paper, 2008-03)A new model is presented which produces credit spreads that do not converge to zero for short maturities. Our set-up includes incomplete, i.e., delayed and asymmetric information. When the financial market observes the ... -
Stochastic Stackelberg equilibria with applications to time dependent newsvendor models
(Discussion paper, Working paper, 2011-05)