Concept
Speculation
Related publications (17)
Frihet, sikkerhet, forstaden: Brev fra Amerika
Why have countries formerly leading public policies of housing – Norway, the U.K., France, etc. – shifted towards privatizing accommodation from the late 1970s? Have these States merely let go of housing and handed it over to private interests in the name ...
2024Crowd Dynamics and Crowd Capital in Small Teams: Insights from three crowdsourcing exercises in higher education
Christopher Tucci, Gianluigi Viscusi
In this work we aim to study “crowd” dynamics in small teams. To this end, we use the typology of crowds discussed in Viscusi and Tucci [2015] as an interpretive framework, arguing that other characteristics are relevant to identify crowds than the number ...
2017Essays on the Market Structure and Pricing of Credit Derivatives
This thesis analyzes the interrelation between market structure and price formation in credit derivatives markets. Traditionally, credit derivatives are traded in relatively opaque over-the-counter markets in which trading is segmented and subject to many ...
EPFL2016Portfolio and welfare consequences of debt market dominance
The ability to issue debt that pays in units of the domestic good leads a country to accumulate a large and negative net foreign asset position while maintaining a positive position in equity. This debt market advantage also helps to explain the weak relat ...
Elsevier Science Bv2015Development prospects of China's shale gas resources in light of global warming
Before 2013, it was widely believed that China's shale gas resources could radically alter the dynamics of supply for the world's biggest energy consumer, and there would be a shale gas boom in China, for two major reasons: China has a policy of encouragin ...
Villigen PSI, World Resources Forum, printed by Paul Scherrer Institute2015Efficient Pricing of Energy Derivatives
I present a tractable framework, first developed in Trolle and Schwartz (2009), for pricing energy derivatives in the presence of unspanned stochastic volatility. Among the model features are i) a perfect fit to the initial futures term structure, ii) a fa ...
Palgrave Macmillan US2014Introducing Speculation in Self-Stabilization: An Application to Mutual Exclusion
Self-stabilization ensures that, after any transient fault, the system recovers in a finite time and eventually exhibits correct behavior. Speculation consists in guaranteeing that the system satisfies its requirements for any execution but exhibits signif ...
2013Liquidity in the Foreign Exchange Market: Measurement, Commonality, and Risk Premiums
Loriano Mancini, Angelo Ranaldo
We provide the first systematic study of liquidity in the foreign exchange market. We find significant variation in liquidity across exchange rates, substantial illiquidity costs, and strong commonality in liquidity across currencies and with equity and bo ...
Wiley-Blackwell2013Rational asset pricing bubbles and portfolio constraints
This article shows that portfolio constraints can give rise to rational asset pricing bubbles in equilibrium even if there are unconstrained agents in the economy who can benefit from the induced limited arbitrage opportunities. Furthermore, it is shown th ...
Academic Press Inc Elsevier Science2012