Home About us Contact
|
Home About us Contact | ||
|
|
||
Market Actors (market + actor)
Selected AbstractsGeography of Stock MarketsGEOGRAPHY COMPASS (ELECTRONIC), Issue 4 2009Dariusz Wójcik Geography matters for stock markets. Stock market actors and institutions do not just have to be somewhere, but where they are in relation to other actors and institutions has an effect on their behaviour and performance. Hence, the geography of stock markets is crucial to the spatial distribution of financial services and centres. On another level, the evolution and structure of stock markets involves a complex interplay of politics, technology, economy and culture, and can never be explained with economic models alone. Finally, stock markets do not just reflect economy and society, they influence how economy and society work. The current financial crisis only underscores the value of geography as a lens through which to view stock markets, and the significance of the latter in the world economy. [source] Regulated Competition in Social Health Insurance: A Three-Country ComparisonINTERNATIONAL SOCIAL SECURITY REVIEW, Issue 3 2006Stefan Gre The objectives guiding healthcare reforms in Germany, Switzerland and the Netherlands were to increase efficiency and consumer satisfaction in the provision of healthcare services. This paper reviews the incentives for and instruments of competition for consumers, sickness funds and healthcare providers in these three countries which are necessary to fulfil these objectives. Incentives for risk selection of sickness funds are high in Germany and Switzerland while they are low in the Netherlands. Incentives for consumer choice are also highest in Germany and Switzerland. In all three countries sickness funds have only a few instruments of competition. The effects of competition have been disappointing so far. The objectives of competitive healthcare reforms can be achieved only if incentives for and instruments of competition consistently support competitive behaviour on the part of market actors. [source] Forecasting volatility for options valuationOPEC ENERGY REVIEW, Issue 3 2006Mahdjouba Belaifa The petroleum sector plays a neuralgic role in the basement of world economies, and market actors (producers, intermediates, as well as consumers) are continuously subjected to the dynamics of unstable oil market. Huge amounts are being invested along the production chain to make one barrel of crude oil available to the end user. Adding to that are the effect of geopolitical dynamics as well as geological risks as expressed in terms of low chances of successful discoveries. In addition, fiscal regimes and regulations, technology and environmental concerns are also among some of the major factors that contribute to the substantial risk in the oil industry and render the market structure vulnerable to crises. The management of these vulnerabilities require modern tools to reduce risk to a certain level, which unfortunately is a non-zero value. The aim of this paper is, therefore, to provide a modern technique to capture the oil price stochastic volatility that can be implemented to value the exposure of an investor, a company, a corporate or a Government. The paper first analyses the regional dependence on oil prices, through a historical perspective and then looks at the evolution of pricing environment since the large price jumps of the 1970s. The main causes of oil prices volatility are treated in the third part of the paper. The rest of the article deals with volatility models and forecasts used in risk management, with an implication for pricing derivatives. [source] Wettbewerbsorientierte Reformen im Gesundheitssystem der Schweiz , Vorbild für regulierten Wettbewerb in der deutschen GKV?PERSPEKTIVEN DER WIRTSCHAFTSPOLITIK, Issue 1 2004Stefan Greß In this article we examine expected behavioral changes of the market actors, the way incentives for market actors have been changed and analyze the way market actors in fact changed their behavior. We conclude that so far only some of the targets of the reforms have been met. For a reasonable assessment of the Swiss experience in regulating competition in health care it is paramount to distinguish expected effects from actual effects. [source] Sharing sovereignty for global regulation: The cases of fuel economy and online gamblingREGULATION & GOVERNANCE, Issue 4 2008John Mikler Abstract Globalization is sometimes taken as a synonym for market liberalization, because it is claimed that power has flowed from states to markets. Whether happening as a result of undeniable "forces" or some hegemonic consensus, many on both the left and right of politics agree that this is a reality. However, this article argues that states which share sovereignty with market actors are able to influence outcomes beyond their borders. The cases of fuel economy and online gambling regulations are used to illustrate the point. In the former case, Japanese and European industry-driven regulations are being "exported" in the attributes of the products of their car industries. In the latter, UK market-friendly regulations are likely to be "exported" to the European region and beyond because of industry support, and market liberalization principles embodied in European Union institutions. Both cases indicate that sharing sovereignty in the process of making and implementing national regulations produces opportunities for global regulation. [source] Marking high-technology market evolution through the foci of market stories: the case of local area networksTHE JOURNAL OF PRODUCT INNOVATION MANAGEMENT, Issue 6 2002Vasilis Theoharakis Previous research suggests that changing consumer and producer knowledge structures play a role in market evolution and that the sociocognitive processes of product markets are revealed in the sensemaking stories of market actors that are rebroadcasted in commercial publications. In this article, the authors lend further support to the story-based nature of market sensemaking and the use of the sociocognitive approach in explaining the evolution of high-technology markets. They examine the content (i.e., subject matter or topic) and volume (i.e., the number) of market stories and the extent to which content and volume of market stories evolve as a technology emerges. Data were obtained from a content analysis of 10,412 article abstracts, published in key trade journals, pertaining to Local Area Network (LAN) technologies and spanning the period 1981 to 2000. Hypotheses concerning the evolving nature (content and volume) of market stories in technology evolution are tested. The analysis identified four categories of market stories,technical, product availability, product adoption, and product discontinuation. The findings show that the emerging technology passes initially through a ,technical-intensive' phase whereby technology related stories dominate, through a ,supply-push' phase, in which stories presenting products embracing the technology tend to exceed technical stories while there is a rise in the number of product adoption reference stories, to a ,product-focus' phase, with stories predominantly focusing on product availability. Overall story volume declines when a technology matures as the need for sensemaking reduces. When stories about product discontinuation surface, these signal the decline of current technology. New technologies that fail to maintain the ,product-focus' stage also reflect limited market acceptance. The article also discusses the theoretical and managerial implications of the study's findings. [source] | |||||||||||||