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We extend Duffie et al.'s (2005) search-theoretic model of over-the-counter (OTC) asset markets, allowing for a decentralized inter-dealer market with arbitrary heterogeneity in dealers' valuations (or, equivalently, inventory costs). We develop a solution ...
This paper aims at answering the questions when and how do cooperatives compete in the globalised world? With the goal to answer these questions, a qualitative study was conducted based on a sample of 9 consumer and producer farmer cooperatives operating i ...
This thesis uses machine learning techniques and text data to investigate the relationships that arise between the Fed and financial markets, and their consequences for asset prices.The first chapter, entitled Market Expectations and the Impact of Unconven ...
Global Navigation Satellite Systems (GNSS) has become a kind of positioning standard due to the high penetration rate of this technology on mass market ITS applications. However, this positioning technique remains a real challenge for very demanding servic ...
Purpose In spinal fusion surgery, imprecise placement of pedicle screws can result in poor surgical outcome or may seriously harm a patient. Patient-specific instruments and optical systems have been proposed for improving precision through surgical naviga ...
While executives play an important role in leading firm innovation, they may economize on efforts to innovate when protected from takeover threat. Middle managers may curtail the rate and scope of innovation when executives are expected to reduce their inn ...
This paper analyses and compares different policy scenarios as well as discusses price elasticities and willingness to pay and to accept using revealed preference data from the French new-car market in 2014 by means of a cross-nested logit (CNL) model. We ...
In the context of sales of new cars it is important to understand and model the consumers substitution patterns as well as their price elasticity towards different types of cars. To do so we develop (i) a multinomial logit model (MNL) and (ii) a cross-nest ...
Wave control in the solid state has opened new avenues in modern information technology. Surface-acoustic-wave-based devices are found as mass market products in 100 millions of cellular phones. Spin waves (magnons) would offer a boost in today's data hand ...
This thesis addresses the question of a patent value from three different angles. It comprises three papers on the patent valuation methods. The patent valuation issues are well-known to the world of research and practice. However, the debates over what th ...