Market Imperfections, Investment Optionality and Default Spreads

2001 ◽  
Author(s):  
Sheridan Titman ◽  
Stathis Tompaidis ◽  
Sergey Tsyplakov
Keyword(s):  
Market Imperfections

Licensing as a Central Structure of Technology Transfer Agreements. Joint Venture and Franchising Agreements

2021 ◽  
Author(s):  
Manuel Guerrero Gaitán
Keyword(s):  
Economic Growth ◽  
Technology Transfer ◽  
Joint Venture ◽  
Market Imperfections ◽  
Sources Of Knowledge ◽  
Transfer Of Technology

Abstract R&D is one of the most important sources of knowledge and economic growth worldwide, and technology transfer is the principal means to access this knowledge. Nevertheless, market imperfections, externalities, and abusive behaviors have been used by some jurisdictions to justify the enactment of regulations on different contractual categories frequently used to implement this transfer of technology.

scholarly journals A focus on market imperfections can help governments to mobilize private investments in adaptation

2021 ◽  
pp. 1-7
Author(s):  
W. P. Pauw ◽  
L. Kempa ◽  
U. Moslener ◽  
C. Grüning ◽  
C. Çevik
Keyword(s):  
Market Imperfections ◽  
Private Investments

scholarly journals NONPARAMETRIC ESTIMATES OF OPTION PRICES AND RELATED QUANTITIES

2019 ◽  
Vol 22 (07) ◽  
pp. 1950040
Author(s):  
GIANLUCA CASSESE
Keyword(s):  
Market Imperfections ◽  
Relative Distance ◽  
Time Behavior ◽  
Option Prices ◽  
Market Returns ◽  
Actual Density ◽  
Nonparametric Estimates ◽  
Absence Of Arbitrage ◽  
Call Function

We propose a new nonparametric technique to estimate the call function based on the superhedging principle. This approach requires minimal assumptions on absence of arbitrage and other market imperfections. The estimates so obtained are then combined with SNP estimates of the actual density of market returns. This permits to investigate the time behavior of the relative distance between the two densities obtained. Our empirical findings suggest that the more the two densities differ, the shorter is time to maturity, suggesting a major role of uncertainty over shorter than longer horizons.

Market Imperfections and the Optimum Rate of Depletion of Natural Resources

Economica ◽  
1977 ◽  
Vol 44 (176) ◽  
pp. 409 ◽  
Author(s):  
Firauzeh Khalatbari
Keyword(s):  
Natural Resources ◽  
Market Imperfections ◽  
Optimum Rate

scholarly journals Market Imperfections and Income Distribution

2016 ◽  
Vol 16 (2) ◽  
pp. 1147-1167
Author(s):  
Ensar Yılmaz
Keyword(s):  
Labor Market ◽  
Income Inequality ◽  
Income Distribution ◽  
Labor Markets ◽  
Wage Rate ◽  
Consumption Patterns ◽  
Market Imperfections ◽  
Luxury Goods ◽  
Sector Model ◽  
Two Sectors

Abstract This paper aims to search links between market imperfections and functional income distribution. For this purpose we construct a two-sector model – wage goods and luxury goods producing sectors – incorporating imperfections of the product and labor markets under income inequality. In a structure with interdependent and partially monopolistic and competitive markets, we analytically trace up the effects of the changes in power relations proxied by the degree of mark-ups in the product and labor market. The model shows that price and wage mark-ups in two sectors have crucial income distribution implications for the agents in the economy to varying extents. It also demonstrates the effect of the existence of the differentiated consumption patterns arising from income inequality on income distribution. Furthermore, it seems that unemployment level creates externalities on wage rate and on corporate taxes of firms.

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