Search for dissertations about: "Inefficient Markets"
Showing result 1 - 5 of 22 swedish dissertations containing the words Inefficient Markets.
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1. The theory of Homo comperiens, the firm’s market price, and the implication for a firm’s profitability
Abstract : This thesis proposes a theory of inefficient markets that uses limited rational choice as a central trait and I call it the theory of Homo comperiens. The theory limits the alternatives and states that the subjects are aware of and only allow them to have rational preference relations on the limited action set and state set, i.e. READ MORE
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2. Information and control in financial markets
Abstract : Market Liquidity, Active Investment, and Markets for Information. This paper studies a financial market in which investors choose among investment strategies that exploit information about different fundamentals. On the one hand, the presence of other informed investors generates illiquidity. READ MORE
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3. Asset ownership in imperfectly competitive markets
Abstract : My dissertation consists of a collection of essays on assets ownership in concentrated markets.The first chapter, Endogenous Mergers in Concentrated Markets, predicts the pattern of mergers in situations where different mergers are feasible. The merger literature almost exclusively considers mergers between exogenously specified firms. READ MORE
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4. Essays on credit markets and banking
Abstract : This thesis consists of four self-contained papers related to banking, credit markets and financial stability. Paper [I] presents a credit market model and finds, using an agent based modeling approach, that credit crunches have a tendency to occur; even when credit markets are almost entirely transparent in the absence of external shocks. READ MORE
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5. Migration, Crime and Search in Spatial Markets
Abstract : Search Frictions, Unemployment, and Housing in Cities: Theory and PoliciesWe propose an urban search-matching model with land development. We characterize the steady-state equilibrium and then discuss the issue of efficiency. READ MORE