We investigate present some new statistical properties of order books. We analyse data from the Nasdaq and investigate (a) the statistics of incoming limit order prices, (b) the shape of the average order book, and (c) the typical life time of a limit order as a function of the distance from the best price. We also determine the ‘price impact’ function using French and British stocks, and find ...

We investigate present some new statistical properties of order books. We analyse data from the Nasdaq and investigate (a) the statistics of incoming limit order prices, (b) the shape of the average order book, and (c) the typical life time of a limit order as a function of the distance from the best price. We also determine the ‘price impact’ function using French and British stocks, and find ...

When new tradable fishing allowance markets are established, they are often accompanied by a period of high price volatility. These fluctuations play a significant role in determining the outcomes for the traders involved, and for the investment decisions that allowance holders make when using noisy price signals. This paper reports an evaluation of two market design features that may reduce vo...

the process of price setting in market for goods &services; along with the phenomenon of price ceiling in production factors market with distort the equilibrium & result in price gap in the economy, which in turn generates excess demand & necessitate the permanent sources of finance (subsidy) for its satisfaction, failing which may lead to budget deficit & embarrass the maintenance of policy ex...

While there has been strong managerial and academic interest in price promotions, much of the focus has been on the impact of such promotions on category sales, brand sales and brand choice. In contrast, little is known about the long-run impact of price promotions on manufacturer and retailer revenues and margins, although both marketing researchers and practitioners consider this a priority a...

The study attempts to find out the impact of buyback announcement on share price. Paired sample T-test is employed to compare share price before and after the buyback announcement. The analysis of variance is also used to find out whether there is any significant difference among industries in the price change due to buyback announcement. The study is carried out from 1st January 2005 to 31st D...

We study survival, price impact and portfolio impact in heterogeneous economies. We show that, under the equilibrium risk-neutral measure, long-run price impact is in fact equivalent to survival, whereas longrun portfolio impact is equivalent to survival under an agent-specific, wealth-forward measure. These results allow us to show that price impact and portfolio impact are two independent con...

superconducting materials are capable of trapping extremely high magnetic fields. this property and meissner effect of superconductors causes a levitation force between bulk superconductors and a permanent magnet (pm). this levitation force has possible industrial applications such as permanent magnet guideways (pmg). because of the high price of permanent magnets, the optimization of pmg desig...

D price promotions generate additional revenue and for whom? Which brand, category, and market conditions influence promotional benefits and their allocation across manufacturers and retailers? To answer these questions, we conduct a large-scale econometric investigation of the effects of price promotions on manufacturer revenues, retailer revenues, and total profits (margins). A first major fi...

Prices for grocery items differ across stores and time because of promotion periods. Consumers therefore have an incentive to search for the lowest price. When a product is purchased infrequently though, the hassle of checking the price on every shopping trip might outweigh the benefit of spending less. I propose a structural model for storable goods, that takes inventory holdings and search in...