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Displaying results 1 to 4 of 4.

  1. Transaction and transactors' choices
    what we have learned and what we need to explore
    Author: Vatiero, Massimiliano
    Published: [2021]
    Publisher:  Università degli studi di Trento, Dipartimento di economia e management, [Trento]

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 740
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: Pre-print version
    Series: DEM working papers ; n. 2021, 4
    Subjects: Transaktionskosten; Neue Institutionenökonomik
    Scope: 1 Online-Ressource (circa 17 Seiten), Illustrationen
  2. Transaction fee economics in the ethereum blockchain
    Author: Donmez, Anil; Karajvanov, Alexander K.
    Published: [2021]
    Publisher:  [Simon Fraser University, Department of Economics], [Burnaby]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 722
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: [Discussion papers] / [Simon Fraser University, Department of Economics] ; [dp 21, 02]
    Subjects: Blockchain; Softwareentwicklung; Transaktionskosten; Informationsökonomik
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  3. Discount Rate Risk in Private Equity
    Evidence from Secondary Market Transactions
    Author: Boyer, Brian H.; Nadauld, Taylor D.; Vorkink, Keith; Weisbach, Michael S.
    Published: 2021
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    Standard measures of private equity performance based on cash flows overlook discount rate risk. An index constructed from prices paid in secondary market transactions indicates that private equity discount rates vary considerably. While the standard... more

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    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
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    Universitätsbibliothek Freiburg
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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Standard measures of private equity performance based on cash flows overlook discount rate risk. An index constructed from prices paid in secondary market transactions indicates that private equity discount rates vary considerably. While the standard alpha for our index is zero, measures of performance based on cash flow data for funds in our index are large and positive. To illustrate that results are not driven by idiosyncrasies of private equity secondary markets, we obtain similar results using cash flows and returns of synthetic funds that invest in small cap stocks. Ignoring variation in PE discount rates can lead to a misallocation of capital

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: NBER working paper series ; no. w28691
    Subjects: Private Equity; Sekundärmarkt; Transaktionskosten
    Scope: 1 Online-Ressource, illustrations (black and white)
    Notes:

    Hardcopy version available to institutional subscribers
  4. Frictions in Product Markets
    Author: Gavazza, Alessandro; Lizzeri, Alessandro
    Published: 2021
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    This is an invited chapter for the forthcoming Volume 4 of the Handbook of Industrial Organization. We focus on markets with frictions, such as transaction costs, asymmetric information, search and matching frictions. We discuss how such frictions... more

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    Location:
    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
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    Location:
    Universitätsbibliothek Freiburg
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    Location:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Location:
    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    Location:
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan

     

    This is an invited chapter for the forthcoming Volume 4 of the Handbook of Industrial Organization. We focus on markets with frictions, such as transaction costs, asymmetric information, search and matching frictions. We discuss how such frictions affect allocations, favor the emergence of intermediaries or dealers, and potentially create market power. Our focus is mostly on markets with many participants rather than on transactions that are bilateral or involve a small number of players

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Series: NBER working paper series ; no. w29259
    Subjects: Unvollkommener Markt; Matching; Transaktionskosten; Asymmetrische Information; Informationskosten; Theorie
    Scope: 1 Online-Ressource, illustrations (black and white)
    Notes:

    Hardcopy version available to institutional subscribers