Imperfect Competition CLASS 8
Sequential choice - Stackelberg Model
Up to now firms took simultaneous decisions
Firms arent able to observe each others decision before
making their own.
Now: sequential decisions
Possibility for some firm(s) to act bef
An Example of Portfolio Diversication
Robert A. Becker
February 2000
This example shows how diversication can reduce portfolio risk. The
central point of this discussion will be to show that the correlation coefcient,
p12, plays a fundamental role in achi
E425 Notes on Prices, Returns, and
Compounding
Professor Robert A. Becker
Department of Economics
Indiana University
Fall 2003
January 29, 2012
1. Compounding, Geometric and Arithmetic Average Returns
is the assets price at time .
Assume the asset pays n
STATISTICAL INFERENCE
A CONCISE COURSE
Robert B. Ash
Department of Mathematics
University of I lli'nois
DOVER PUBLICATIONS, INC.
Mineola, New York Lecture 20. Correlation
20.1 Denitions and Comments
Let X and Y be random variables with nite mean and varia
EC371 Economic Analysis of Asset Prices
Topic #2: Predictability of Asset Prices & Market Efficiency
R. E. Bailey
Department of Economics
University of Essex
Outline
Contents
1
2
Using the Past to Predict the Future
1
1.1
Martingales and Random Walks . .
University of Essex
Department of Economics
Session 201011
R. E. Bailey
EC371 Economic Analysis of Asset Prices
Mean-variance portfolios: a single risky asset
The investor is assumed to select a portfolio of just two assets: risk-free lending (or
borrowin
A Linear Inequalities Toolkit
Robert A. Becker
Supplementary Notes for E426
February 2016
1
Some Vector Notation for E425
R is a real Euclidean space of dimension . Its
nonnegative orthant is
R+ =
n
o
R : 0 for each = 1
R and R
and are column vectors
Principles of Financial Economics
Robert A. Becker
Department of Economics
Indiana University
Bloomington, IN 47405
Email: [email protected]
July 3, 2000
2
Abstract
This is a textbook on financial economics based on my course of
the same title. It is
Mr. Keynes, War Reparations, and Present
Value: A Suggested Interpretation
Robert A. Becker
Indiana University
January 30, 2012
Abstract
Present value formulas are used to analyze the arguments Keynes put
forward in the Economic Consequences of the Peace
Notes on Keyness
Economic Possibilities for our Grandchildren,
1930.
Robert A. Becker
January 30, 2012
John Maynard Keynes, The Economic Possibilities for our Grandchildren,
1930, reprinted in Essays in Persuasion, Norton, New York, 1963.1
What can we re
His Masterpiece: A Story About Present Value
Robert A. Becker
Department of Economics
Indiana University
Bloomington, IN 47405
Email: [email protected]
February 2, 2001
mile Zolas novel, His Masterpiece [2], was published in 1886 and depicts his
view
Econ 385
Problem Set 2 - Fall 2015
Due date: 11/03/2015
1. Consider the following situation. The gas distributer Dot, is the only gas
distributer in a certain town. This town is constituted by a road of 1 mile.
The distributer is located exactly in the mi
Imperfect Competition CLASS 4
Introduction Imperfect Competition
In the first class we referred to the idea that the Economics
of Industry deals with intermediate market situations, i.e.,
market situations that are not only perfect competition or
monopol
Imperfect Competition CLASS 5
Price Competition: Bertrand
In the Cournot model price is set by some market clearing
mechanism
Firms seem relatively passive
an alternative approach is to assume that firms compete in
prices: this is the approach taken by