On Financiers' Profits

Simulation multi-agents de marchés financiers

Wal-Mart’s impact on supplier profits

Previous academic research on the expansion of dominant retailers such as Wal-Mart has looked at implications for incumbent retailers, consumers, and the local community. Little is known, however, about Wal-Mart’s influence on suppliers’ performance. Manufacturers suggest Wal-Mart uses its power to squeeze their profits. In this paper we study the validity of that claim. We investigate the unde...

THE IMPACT OF bST ON FARM PROFITS

Data from the same 138 New York dairy farms for the years 1994 through 1997 were used to estimate whether Bovine Somatotropin (bST) generated profits for adopters. Data from these same farms from 1993 were used to sort farms into groups by production per cow, profit per cow, and farm size, in order to test bST response by these delineators. Statistically, farms that used bST on average experien...

L’integration De L’information Dans Le Prix Des Actifs Financiers

This PhD dissertation mainly focuses on the information processing of financial markets. It consists in five different contributions. The first three of them focus on the econometrics of asset pricing models. (1) First, I propose a new methodology to estimate the subjective distribution implicit in interest rate futures. I show how to use it to investigate the market participants’ perception of...

Risks and the financing of PPP: Perspectives from the financiers

Public private partnerships (PPP) are an established model for most governments internationally to provide infrastructure-based services, using private finance. Typically the public authority will sign a contract with a special purpose vehicle (SPV), which, because of the holistic nature of PPP, in turn sub-contracts the finance, design, construction, maintenance and soft services to companies ...