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Hans-Michael Geiger- Informational Efficiency in Speculative Markets- a Theoretical Investigation : Informational Efficiency in Speculative Markets
| Hans-Michael Geiger- Informational Efficiency in Speculative Markets- a Theoretical Investigation : Informational Efficiency in Speculative Markets |
| Autore | Geiger Hans-Michael |
| Edizione | [First edition.] |
| Pubbl/distr/stampa | Bern, : Peter Lang International Academic Publishing Group, 2018 |
| Descrizione fisica | 1 online resource (238 pages) |
| Altri autori (Persone) | GrawEhrentraud |
| Collana | Allokation im marktwirtschaftlichen System |
| Soggetto topico | Economics - Psychological aspects |
| ISBN |
9783631755723
3631755724 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- PREFACE -- INTRODUCTION -- Chapter I The Fundamental Issue: Efficiency in Market Economies -- 1 The Separability of Market Systems into an Allocation System and an Information System -- 1.1 The Allocation System -- 1.1.1 PARETO's Paradigm -- 1.1.2 Extension: Market Costs -- 1.1.2.1 Transaction Costs -- 1.1.2.2 Coordination Costs -- 1.1.2.3 Transaction Costs versus Coordination Costs -- 1.1.3 Factor Earnings -- 1.1.3.1 Input Costs -- 1.1.3.2 Managerial Reward -- 1.2 The Information System -- 1.2.1 The Concept of an Information System -- 1.2.2 Entrepreneurial Activity and Managerial Performance -- 1.2.2.1 The Mode of Interaction -- 1.2.2.2 Entrepreneurial Profit -- 1.2.2.3 Structures of Organization and Efficiency -- 1.2.3 The Process of Diffusion of Information -- 1.2.3.1 Profit Erosion as an Indication of Diffusion of Information -- 1.2.3.2 A Simple Model of Profit Erosion -- 1.2.4 Allocation versus Information Processes -- 1.2.5 Possession versus Property -- 2 The Concept of Allocational Efficiency and Informational Efficiency -- 2.1 Efficiency and Rationality in Economic Science -- 2.2 The Concept of Allocational Efficiency -- 2.3 The Concept of Informational Efficiency -- 3 An Efficiency-Preference Function -- Chapter II The Empirical Reference System: Futures Markets -- 1 Definition and Institutional Setup -- 2 Transaction Possibilities with Particular Reference to Conflicting Theories of Hedging -- 2.1 Arbitrage -- 2.2 Hedging -- 2.2.1 Hedging for Risk-Shifting -- 2.2.2 Hedging for Profit-Making -- 2.3 Speculation -- 2.4 Spreading -- 3 Economic Functions of Futures Markets -- 3.1 Microeconomic Functions -- 3.2 Macroeconomic Functions -- 4 Institutional Properties of Futures Markets as an Aid to Theoretical Analysis -- Chapter III The 'Neoclassical' Perspective of Informational Efficiency -- 1 Introductory Notes.
2 The Arithmomorphic Approach -- 2.1 Presentation of the Basic Idea -- 2.2 Expected Return Models -- 2.3 Statistical Background -- 2.4 A FAMA-Model of an Informational Efficient Market System -- 2.4.1 Presentation of a FAMA-Model of an Informational Efficient Market System -- 2.4.2 Tests of Informational Efficiency -- 2.4.3 The Problem of Joint Tests -- 2.5 Limitations and Criticism of the Arithmomorphic Approach -- Chapter IV An 'Austrian' Perspective of Informational Efficiency -- 1 Introductory Notes -- 2 An 'Austrian' Perspective -- 2.1 Hedging versus Speculation -- 2.2 Information Processes -- 2.3 Divergent Expectations and Speculative Prices -- 2.3.1 The Idea of Expectations -- 2.3.2 Consensus Expectations versus Divergent Expectations -- 2.3.3 The 'Unquiet Market' -- 2.3.4 The Principle of False-Price-Trading -- 2.3.5 Speculative Prices versus Forecast Prices -- 2.4 Monopoly and Profit -- 2.4.1 The Notion of Friction -- 2.4.2 Monopoly -- 2.4.3 Market Efficiency. |
| Altri titoli varianti | Hans-Michael Geiger- Informational Efficiency in Speculative Markets- A Theoretical Investigation |
| Record Nr. | UNINA-9910297043103321 |
Geiger Hans-Michael
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| Bern, : Peter Lang International Academic Publishing Group, 2018 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Informationseffizienz von Terminkontraktmärkten für Währungen : Eine empirische Untersuchung / Eberhard Wille, Ehrentraud Graw
| Informationseffizienz von Terminkontraktmärkten für Währungen : Eine empirische Untersuchung / Eberhard Wille, Ehrentraud Graw |
| Autore | Graw Ehrentraud |
| Edizione | [1st, New ed.] |
| Pubbl/distr/stampa | Frankfurt a.M, : PH02, 2018 |
| Descrizione fisica | 1 online resource (323 p.) : , EPDF |
| Collana | Allokation im marktwirtschaftlichen System |
| Soggetto topico |
Monetary economics
Banking |
| Soggetto non controllato |
Eine
empirische Graw Informationseffizienz TERMINKONTRAKT Terminkontraktmärkten Untersuchung Währungen |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | ger |
| Nota di contenuto | Aus dem Inhalt: Gegenüberstellung einer gleichgewichtsorientierten statischen Effizienzbetrachtung und einer dynamischen Effizienzanalyse - Test auf «schwache» und «halbstrenge» Effizient des Terminkontraktmarktes für Währungen. |
| Altri titoli varianti | Informationseffizienz von Terminkontraktmaerkten fuer Waehrungen |
| Record Nr. | UNINA-9910563019103321 |
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Graw Ehrentraud
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| Frankfurt a.M, : PH02, 2018 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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