Concept

Spéculation (économie)

Publications associées (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 ...

2024

Crowd 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 ...

2017

Essays on the Market Structure and Pricing of Credit Derivatives

Jan Benjamin Junge

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 ...

EPFL2016

Portfolio and welfare consequences of debt market dominance

Serhiy Stepanchuk

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 Bv2015

Development 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 Institute2015

Efficient Pricing of Energy Derivatives

Anders Trolle

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 US2014

Introducing Speculation in Self-Stabilization: An Application to Mutual Exclusion

Rachid Guerraoui

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 ...

2013

Liquidity 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-Blackwell2013

Essays in Information-Based Asset Pricing

Michael Hasler

I started my Ph.D. studies in the Fall 2008, a period ex-post perceived as being at the core of the Financial Crisis. At that time my ideas were vague and I struggled to find a good research topic. As surprising as it might appear, in one single week the d ...

EPFL2013

Rational asset pricing bubbles and portfolio constraints

Julien Hugonnier

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

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