Ⅰ.IntroductionDuring the past two decades,many multinationalenterprises(MNEs)have made substantial investmentsin emerging markets.Two factors dominate thereasoning in favor of such an investment strategy:lowlabor cos...Ⅰ.IntroductionDuring the past two decades,many multinationalenterprises(MNEs)have made substantial investmentsin emerging markets.Two factors dominate thereasoning in favor of such an investment strategy:lowlabor costs and the large size of the markets in the hostcountries.While these two economic factors seem quite展开更多
In this study,we have analyzed a market impact game between n risk-averse agents who compete for liquidity in a market impact model with a permanent price impact and additional slippage.Most market parameters,includin...In this study,we have analyzed a market impact game between n risk-averse agents who compete for liquidity in a market impact model with a permanent price impact and additional slippage.Most market parameters,including volatility and drift,are allowed to vary stochastically.Our first main result characterizes the Nash equilibrium in terms of a fully coupled system of forward-backward stochastic differential equations(FBSDEs).Our second main result provides conditions under which this system of FBSDEs has a unique solution,resulting in a unique Nash equilibrium.展开更多
What is the profound impact of the fastgrowing lithium foil market on the copper foil industry and market?How long can the prosperous lithium foil market last?When will the imbalanced supply and demand of lithium foil...What is the profound impact of the fastgrowing lithium foil market on the copper foil industry and market?How long can the prosperous lithium foil market last?When will the imbalanced supply and demand of lithium foil be solved?When will the acute supply shortage of standard foil be relieved?How展开更多
文摘Ⅰ.IntroductionDuring the past two decades,many multinationalenterprises(MNEs)have made substantial investmentsin emerging markets.Two factors dominate thereasoning in favor of such an investment strategy:lowlabor costs and the large size of the markets in the hostcountries.While these two economic factors seem quite
基金the National Natural Science Foundation of China(Grant No.11971310)“Assessment of Risk and Uncertainty in Finance”(Grant No.AF0710020)from Shanghai Jiao Tong University+2 种基金Peng Luo gratefully acknowledges the support from the National Natural Science Foundation of China(Grant No.12101400)Peng Luo and Alexander Schied gratefully acknowledge the support from the Natural Sciences and Engineering Research Council of Canada(Grant No.RGPIN-2017-04054)Dewen Xiong gratefully acknowledges the support from the National Natural Science Foundation of China(Grant No.11671257).
文摘In this study,we have analyzed a market impact game between n risk-averse agents who compete for liquidity in a market impact model with a permanent price impact and additional slippage.Most market parameters,including volatility and drift,are allowed to vary stochastically.Our first main result characterizes the Nash equilibrium in terms of a fully coupled system of forward-backward stochastic differential equations(FBSDEs).Our second main result provides conditions under which this system of FBSDEs has a unique solution,resulting in a unique Nash equilibrium.
文摘What is the profound impact of the fastgrowing lithium foil market on the copper foil industry and market?How long can the prosperous lithium foil market last?When will the imbalanced supply and demand of lithium foil be solved?When will the acute supply shortage of standard foil be relieved?How
