Relevant bibliographies by topics / The maximum price

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  2. Dissertations / Theses
  3. Books
  4. Book chapters
  5. Conference papers

Academic literature on the topic 'The maximum price'

Author: Grafiati
Published: 4 June 2021
Last updated: 7 February 2022

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Journal articles on the topic "The maximum price"

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Jones, Rod. "A maximum price tariff." British Journal of Healthcare Management 16, no. 3 (March 2010): 146–47. http://dx.doi.org/10.12968/bjhc.2010.16.3.46824.

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Färe, Rolf, Hirofumi Fukuyama, Shawna Grosskopf, and William L. Weber. "Measuring Efficiency in Price Space with an Application to Japanese Securities Firms." International Journal of Operations Research and Information Systems 4, no. 1 (January 2013): 1–26. http://dx.doi.org/10.4018/joris.2013010101.

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The authors exploit the duality between the directional output price distance function and the maximal revenue function to estimate the price efficiency of Japanese securities firms during 2000 to 2007, a period in which securities firms faced greater competitive pressures. The directional output price distance function gives the maximum feasible addition to output prices, given inputs and a revenue target. Output supply functions are theoretically derived from the directional output price distance function. The model estimates indicate that brokerage services are overproduced relative to underwriting services. In addition, they find that if securities firms were to become more efficient they could increase the prices charged for brokerage services and for underwriting securities, although the amount prices could be increased depends on the directional path used to inflate actual prices to the output price frontier.
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Sun, You Fa, Xiao Xiao Liang, Xu Chong Guo, and Cai Yan Liu. "Algorithm of Call Auction Price." Applied Mechanics and Materials 20-23 (January 2010): 981–86. http://dx.doi.org/10.4028/www.scientific.net/amm.20-23.981.

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Algorithm of call auction price is designed according to the determining principles popular in international stock markets. Basing on the algorithm, the roots of good characteristics of call auction are oriented in these principles. Theoretical analysis shows that: 1) by implementing principles of maximum volume, minimum residual, market pressures and reference prices, the candidate transaction price set of call auction is gradually narrowing, which indicates that the algorithm has good convergence; 2) principle of reference prices guarantees the uniqueness of final transaction price; 3) principles of minimum residual and market pressures contribute to reducing price volatility; 4) principles of market pressures and reference prices help to enhance the quality of price discovery.
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Bartiromo, Rosario. "Maximum entropy distribution of stock price fluctuations." Physica A: Statistical Mechanics and its Applications 392, no. 7 (April 2013): 1638–47. http://dx.doi.org/10.1016/j.physa.2012.11.048.

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Chan, Daniel W. M., Patrick T. I. Lam, Albert P. C. Chan, and James M. W. Wong. "Guaranteed maximum price (GMP) contracts in practice." Engineering, Construction and Architectural Management 18, no. 2 (March 2011): 188–205. http://dx.doi.org/10.1108/09699981111111157.

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Woods, Jimmy C. "Maximum Profit without Calculus." Mathematics Teacher 81, no. 3 (March 1988): 224–26. http://dx.doi.org/10.5951/mt.81.3.0224.

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K. N., Chaithra, and Laxminarayana Kamath. "Cost variation analysis study of oral anti-depressant drugs available in India." International Journal of Basic & Clinical Pharmacology 6, no. 4 (March 25, 2017): 973. http://dx.doi.org/10.18203/2319-2003.ijbcp20171114.

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Background: Depression is a disorder of major public health importance, in terms of its prevalence and the suffering, dysfunction, morbidity and economic burden. In India, the overall prevalence of depression is reported to be 15.9%. Antidepressant drugs are available in many different brands and costs of all brands are different. Patients of depression have to take the antidepressant drug for a long duration, so cost of the antidepressant drug influence the patient adherence to treatment and it is one of the important part of rational prescription.Methods: The cost of a particular drug being manufactured by different companies in the same strength and dosage forms was obtained from “Current Index of Medical Specialties” July-October, 2015, and “DrugsUpadate.com”. The cost ratio and percentage cost variation was calculated.Results: The prices of a total of 28 drugs (22 single and 6 combination preparations) available in 64 different formulations were analyzed. In single drug therapy, among Tri cyclic antidepressants (TCAs), Reboxetine (2 mg) showed the maximum price variation of 900%. In SSRIs, Dapoxetine (30 mg) showed the maximum price variation of 2360%. In SNRIs, Venlafaxine (75 mg) showed the maximum price variation of 109%. In Atypical antidepressants, Bupropion (150 mg) showed the maximum price variation of 515.38%. In RIMAs, Moclobemide (150 mg) showed the maximum price variation of 246.15% and in combination therapies, Amitriptyline with Chlordiazepoxide showed the maximum price variation of 129.35%.Conclusions: This study shows a wide variation in the prices of oral Anti-depressant drugs available in India. Psychiatrist/ Physician should consider the cost while prescribing antidepressant drugs. India being developing country most of the people belong to poor socioeconomic status, so prescribing same generic drug with low cost reduces economic burden and improves patient adherence to treatment which results in better outcome.
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Venkatesh, R., and Vijay Mahajaim. "A Probabilistic Approach to Pricing a Bundle of Products or Services." Journal of Marketing Research 30, no. 4 (November 1993): 494–508. http://dx.doi.org/10.1177/002224379303000408.

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The authors propose a probabilistic approach to optimally price a bundle of products or services that maximizes seller's profits. Their focus is on situations in which consumer decision making is on the basis of multiple criteria. For model development and empirical investigation they consider a season ticket bundle for a series of entertainment performances such as sports games and music/dance concerts. In this case, they assume consumer purchase decisions to be a function of two independent resource dimensions, namely, available time to attend performances and reservation price per performance. Using this information, the model suggests the optimal prices of the bundle and/or components (individual performances), and corresponding maximum profits under three alternative strategies: (a) pure components (each performance is priced and offered separately), (b) pure bundling (the performances are priced and offered only as a bundle), and (c) mixed bundling (both the bundle and the individual performances are priced and offered separately). They apply their model to price a planned series of music/dance performances. Results indicate that a mixed bundling strategy is more profitable than pure components or pure bundling strategies provided the relative prices of the bundle and components are carefully chosen. Limitations and possible extensions of the model are discussed.
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Shah, Nishita P., Aparna S. Chincholkar, Ranjit J. Wagh, and Waseem A. Siddiqui. "Cost variation analysis of antipsychotic drugs available in Indian market: an economic perspective." International Journal of Basic & Clinical Pharmacology 6, no. 3 (February 24, 2017): 684. http://dx.doi.org/10.18203/2319-2003.ijbcp20170837.

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Background: Pricing of drugs plays a very important role in a developing country like India especially in the management of chronic conditions. There exists a huge price variation among the different brands of the same drug. Hence this study was planned to find out variation in prices of antipsychotic drugs marketed in India. The objective was to compare the percentage price variation and cost ratio of various formulations of oral and parenteral antipsychotic drugs available in the Indian market.Methods: Cost of oral and parenteral antipsychotic drugs available in the Indian market manufactured by different companies, in the same strength, number and dosage form was obtained from http://www.medguideindia.com. The percentage price variation and cost ratio of each formulation was calculated.Results: Among the typical group of antipsychotic drugs, Tab Haloperidol 0.25mg shows maximum price variation of 650% and a cost ratio of 7.5 followed by Tab Trifluoperazine 1mg having a price variation of 555.5% and a cost ratio of 6.55. Among the atypical group of drugs, tab Risperidone 3mg shows a price variation of 2282.35% with a cost ratio of 23.82 followed by Tab Risperidone 4mg with a price variation of 1976.92 % and a cost ratio of 20.76.Conclusions: There is a wide variation between the minimum and maximum cost among the different brands of the same drug in the same formulations. Combined efforts are needed from the regulatory authorities, pharmaceutical companies, physicians and pharmacist towards controlling the prices and attaining maximum economic benefits for the patient.
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CARR, PETER, HONGZHONG ZHANG, and OLYMPIA HADJILIADIS. "MAXIMUM DRAWDOWN INSURANCE." International Journal of Theoretical and Applied Finance 14, no. 08 (December 2011): 1195–230. http://dx.doi.org/10.1142/s0219024911006826.

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The drawdown of an asset is a risk measure defined in terms of the running maximum of the asset's spot price over some period [0, T]. The asset price is said to have drawn down by at least $K over this period if there exists a time at which the underlying is at least $K below its maximum-to-date. We introduce insurance against a large realization of maximum drawdown and a novel way to hedge the liability incurred by underwriting this insurance. Our proposed insurance pays a fixed amount should the maximum drawdown exceed some fixed threshold over a specified period. The need for this drawdown insurance would diminish should markets rise before they fall. Consequently, we propose a second kind of cheaper maximum drawdown insurance that pays a fixed amount contingent on the drawdown preceding a drawup. We propose double barrier options as hedges for both kinds of insurance against large maximum drawdowns. In fact for the second kind of insurance we show that the hedge is model-free. Since double barrier options do not trade liquidly in all markets, we examine the assumptions under which alternative hedges using either single barrier options or standard vanilla options can be used.
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Dissertations / Theses on the topic "The maximum price"

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Vardar, Ceren. "On the Correlation of Maximum Loss and Maximum Gain of Stock Price Processes." Bowling Green State University / OhioLINK, 2008. http://rave.ohiolink.edu/etdc/view?acc_num=bgsu1224274306.

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Thernström, Taina. "Maximum price paid in captive bush dogs (Speothos venaticus)." Thesis, Linköpings universitet, Institutionen för fysik, kemi och biologi, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-77923.

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One way to investigate what animals in captivity   might need is to conduct preference and motivational tests. These types of   tests can help facilitate the animals to express different priorities. The   motivation can be assessed by having the animals “pay an entry cost” (e.g.   push a weighted door) that increases with time to get access to a resource.   The highest price that the animals are willing to pay for this resource is   called “the maximum price paid”. This study intends to test the maximum price   paid to access for food in a group of bush dogs kept at Kolmården Wildlife   Park. A simple choice test consisting of four different food items (meat,   fish, vegetables and fruit) was first conducted to establish which resource   the bush dogs preferred. The results showed that meat and fish were the   preferred food items. Secondly, a push-door test was conducted to measure the   maximum price paid for the preferred food item. At the most, one individual   was willing to lift 11 kg (twice its weight) to get access to meat.
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Warrier, Deepak. "A branch, price, and cut approach to solving the maximum weighted independent set problem." Texas A&M University, 2003. http://hdl.handle.net/1969.1/5814.

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The maximum weight-independent set problem (MWISP) is one of the most well-known and well-studied NP-hard problems in the field of combinatorial optimization. In the first part of the dissertation, I explore efficient branch-and-price (B&P) approaches to solve MWISP exactly. B&P is a useful integer-programming tool for solving NP-hard optimization problems. Specifically, I look at vertex- and edge-disjoint decompositions of the underlying graph. MWISP’s on the resulting subgraphs are less challenging, on average, to solve. I use the B&P framework to solve MWISP on the original graph G using these specially constructed subproblems to generate columns. I demonstrate that vertex-disjoint partitioning scheme gives an effective approach for relatively sparse graphs. I also show that the edge-disjoint approach is less effective than the vertex-disjoint scheme because the associated DWD reformulation of the latter entails a slow rate of convergence. In the second part of the dissertation, I address convergence properties associated with Dantzig-Wolfe Decomposition (DWD). I discuss prevalent methods for improving the rate of convergence of DWD. I also implement specific methods in application to the edge-disjoint B&P scheme and show that these methods improve the rate of convergence. In the third part of the dissertation, I focus on identifying new cut-generation methods within the B&P framework. Such methods have not been explored in the literature. I present two new methodologies for generating generic cutting planes within the B&P framework. These techniques are not limited to MWISP and can be used in general applications of B&P. The first methodology generates cuts by identifying faces (facets) of subproblem polytopes and lifting associated inequalities; the second methodology computes Lift-and-Project (L&P) cuts within B&P. I successfully demonstrate the feasibility of both approaches and present preliminary computational tests of each.
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Ting, Wah. "The impact of the interdisciplinary efforts on the receptivity of guarantee maximum price (GMP) project." Click to view the E-thesis via HKUTO, 2006. http://sunzi.lib.hku.hk/hkuto/record/B36789161.

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Ting, Wah, and 丁華. "The impact of the interdisciplinary efforts on the receptivity of guarantee maximum price (GMP) project." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2006. http://hub.hku.hk/bib/B36789161.

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Půžová, Kateřina. "Efektivnost regulace cen léčiv ze společenského pohledu v České republice." Master's thesis, Vysoká škola ekonomická v Praze, 2015. http://www.nusl.cz/ntk/nusl-204971.

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The aim of this thesis is to determine the effectiveness of price regulation of drugs from a social point of view in the Czech Republic. The first part focuses on the theoretical basis for subsequent processing practical part. Theoretical solutions include a description of the objectives and instruments of health and drug policies, and a more detailed description of price regulation in the Czech Republic as a tool of drug policy. The practical part is composed of two parts. The first of them covers three models that show how you can set a maximum price of producer. This first part is the starting point for the second part. Second part deals with the analysis of administrative proceedings in which it exercised its right to express their views to the documents MAH medicine. The analysis shows that price controls are not efficient in these cases, and it burdens the society's interests. The thesis also recommendations for increasing efficiency.
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Ruotimaa, Jenny. "Are seals willing to pay for access to artificial kelp and live fish?" Thesis, Linköping University, The Department of Physics, Chemistry and Biology, 2007. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-10340.

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Environmental enrichment (EE) is used to improve the wellbeing of animals in human care. One way of testing what resources an animal prefers to have access to, is to make it pay a price. The price is in the form of time or energy spent to get access to the resource. When measuring the motivation of animals it is useful to compare the resource which is to be evaluated to a resource with a known value. Food is often the comparator. The maximum price paid approach measures the highest price an animal is willing to pay for access to a

resource. In this study the motivation of a grey seal (Halichoerus grypus) for getting access to artificial kelp and live fish was measured. Food was used as the comparator. A large net cage with a weighted entrance and a nonweighted exit gate was used as the test arena. The seal had to enter it by opening the entrance gate which had increasing weights every day, in 10 steps up to 65 kg. The seal was not willing to pay any price for the live fish. The maximum price paid for the food was 60kg, and for the artificial kelp 10kg, i.e. 17% of the maximum price paid for food. The results suggest that neither

live fish nor artificial kelp was an attractive EE for this seal. However, the study also shows that spring (reproductive period) is not a good time to test motivation in grey seals.

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Holmgren, Mary. "A method to evaluate environmental enrichments for Asian elephants (Elephas maximus) in zoos." Thesis, Linköping University, The Department of Physics, Chemistry and Biology, 2007. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-11902.

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Environmental enrichment (EE) is used to improve the life of captive animals by giving them more opportunities to express species-specific behaviours. Zoo elephants are one of the species that is in great need of EE because their environment is often barren. Before making EE permanent, however, it is wise to test first if it works as intended, to save time and money. Maximum price paid is one measure that can be used to assess if an animal has any interest in a resource at all. Food is often used as a comparator against EEs in these kinds of studies. The aim was to investigate if the maximum price paid concept could be used to measure the value of EEs for the two female Asian elephants at Kolmården and to find an operant test suitable for them for the experimental trials. Three series of food trials were done with each elephant, where they had to lift weights by pulling a rope with their mouth to get access to 5kg hay. The elephants paid a maximum price of 372 and 227kg, respectively. However, the maximum price the elephants paid for access to the hay was not stable across the three series of trials. Hence it is recommended that the comparator trials are repeated close in time to the EEs to be tested. The readiness by which these elephants performed the task makes it worthwhile to further pursue this approach as one of the means to improve the well-being of zoo elephants.

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Sachdeva, Sandeep. "Development of a branch and price approach involving vertex cloning to solve the maximum weighted independent set problem." Thesis, Texas A&M University, 2004. http://hdl.handle.net/1969.1/3251.

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We propose a novel branch-and-price (B&P) approach to solve the maximum weighted independent set problem (MWISP). Our approach uses clones of vertices to create edge-disjoint partitions from vertex-disjoint partitions. We solve the MWISP on sub-problems based on these edge-disjoint partitions using a B&P framework, which coordinates sub-problem solutions by involving an equivalence relationship between a vertex and each of its clones. We present test results for standard instances and randomly generated graphs for comparison. We show analytically and computationally that our approach gives tight bounds and it solves both dense and sparse graphs quite quickly.
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Lovreta, Lidija. "Structural Credit Risk Models: Estimation and Applications." Doctoral thesis, Universitat Ramon Llull, 2010. http://hdl.handle.net/10803/9180.

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El risc de crèdit s'associa a l'eventual incompliment de les obligacions de pagament per part dels creditors. En aquest cas, l'interès principal de les institucions financeres és mesurar i gestionar amb precisió aquest risc des del punt de vista quantitatiu. Com a resposta a l'interès esmentat, aquesta tesi doctoral, titulada "Structural Credit Risk Models: Estimation and Applications", se centra en l'ús pràctic dels anomenats "models estructurals de risc de crèdit". Aquests models es caracteritzen perquè estableixen una relació explícita entre el risc de crèdit i diverses variables fonamentals, la qual cosa permet un ventall ampli d'aplicacions. Concretament, la tesi analitza el contingut informatiu tant del mercat d'accions com del mercat de CDS sobre la base dels models estructurals esmentats.

El primer capítol, estudia la velocitat distinta amb què el mercat d'accions i el mercat de CDS incorporen nova informació sobre el risc de crèdit. L'anàlisi se centra a respondre dues preguntes clau: quin d'aquests mercats genera una informació més precisa sobre el risc de crèdit i quins factors determinen el diferent contingut informatiu dels indicadors respectius de risc, és a dir, les primes de crèdit implícites en el mercat d'accions enfront del de CDS. La base de dades utilitzada inclou 94 empreses (40 d'europees, 32 de nordamericanes i 22 de japoneses) durant el període 2002-2004. Entre les conclusions principals destaquen la naturalesa dinàmica del procés de price discovery, una interconnexió més gran entre ambdós mercats i un major domini informatiu del mercat d'accions, associat a uns nivells més elevats del risc de crèdit, i, finalment, una probabilitat més gran de lideratge informatiu del mercat de CDS en els períodes d'estrès creditici.

El segon capítol se centra en el problema de l'estimació de les variables latents en els models estructurals. Es proposa una nova metodologia, que consisteix en un algoritme iteratiu aplicat a la funció de versemblança per a la sèrie temporal del preu de les accions. El mètode genera estimadors de pseudomàxima versemblança per al valor, la volatilitat i el retorn que s'espera obtenir dels actius de l'empresa. Es demostra empíricament que aquest nou mètode produeix, en tots els casos, valors raonables del punt de fallida. A més, aquest mètode és contrastat d'acord amb les primes de CDS generades. S'observa que, en comparació amb altres alternatives per fixar el punt de fallida (màxima versemblança estàndard, barrera endògena, punt d'impagament de KMV i nominal del deute), l'estimació per pseudomàxima versemblança proporciona menys divergències.

El tercer i darrer capítol de la tesi tracta la qüestió relativa a components distints del risc de crèdit a la prima dels CDS. Més concretament, estudia l'efecte del desequilibri entre l'oferta i la demanda, un aspecte important en un mercat on el nombre de compradors (de protecció) supera habitualment el de venedors. La base de dades cobreix, en aquest cas, 163 empreses en total (92 d'europees i 71 de nord-americanes) per al període 2002- 2008. Es demostra que el desequilibri entre l'oferta i la demanda té, efectivament, un paper important a l'hora d'explicar els moviments a curt termini en els CDS. La influència d'aquest desequilibri es detecta després de controlar l'efecte de variables fonamentals vinculades al risc de crèdit, i és més gran durant els períodes d'estrès creditici. Aquests resultats il·lustren que les primes dels CDS reflecteixen no tan sols el cost de la protecció, sinó també el cost anticipat per part dels venedors d'aquesta protecció per tancar la posició adquirida.
El riesgo de crédito se asocia al potencial incumplimiento por parte de los acreedores respecto de sus obligaciones de pago. En este sentido, el principal interés de las instituciones financieras es medir y gestionar con precisión dicho riesgo desde un punto de vista cuantitativo. Con objeto de responder a este interés, la presente tesis doctoral titulada "Structural Credit Risk Models: Estimation and Applications", se centra en el uso práctico de los denominados "Modelos Estructurales de Riesgo de Crédito". Estos modelos se caracterizan por establecer una conexión explícita entre el riesgo de crédito y diversas variables fundamentales, permitiendo de este modo un amplio abanico de aplicaciones. Para ser más explícitos, la presente tesis explora el contenido informativo tanto del mercado de acciones como del mercado de CDS sobre la base de los mencionados modelos estructurales.

El primer capítulo de la tesis estudia la distinta velocidad con la que el mercado de acciones y el mercado de CDS incorporan nueva información sobre el riesgo de crédito. El análisis se centra en contestar dos preguntas clave: cuál de estos mercados genera información más precisa sobre el riesgo de crédito, y qué factores determinan en distinto contenido informativo de los respectivos indicadores de riesgo, esto es, primas de crédito implícitas en el mercado de acciones frente a CDS. La base de datos utilizada engloba a 94 compañías (40 europeas, 32 Norteamericanas y 22 japonesas) durante el periodo 2002-2004. Entre las principales conclusiones destacan la naturaleza dinámica del proceso de price discovery, la mayor interconexión entre ambos mercados y el mayor dominio informativo del mercado de acciones asociados a mayores niveles del riesgo de crédito, y finalmente la mayor probabilidad de liderazgo informativo del mercado de CDS en los periodos de estrés crediticio.

El segundo capítulo se centra en el problema de estimación de variables latentes en modelos estructurales. Se propone una nueva metodología consistente en un algoritmo iterativo aplicado a la función de verosimilitud para la serie temporal del precio de las acciones. El método genera estimadores pseudo máximo verosímiles para el valor, volatilidad y retorno esperado de los activos de la compañía. Se demuestra empíricamente que este nuevo método produce en todos los casos valores razonables del punto de quiebra. El método es además contrastado en base a las primas de CDS generadas. Se observa que, en comparación con otras alternativas para fijar el punto de quiebra (máxima verosimilitud estándar, barrera endógena, punto de impago de KMV, y nominal de la deuda), la estimación por pseudo máxima verosimilitud da lugar a las menores divergencias.

El tercer y último capítulo de la tesis aborda la cuestión relativa a componentes distintos al riesgo de crédito en la prima de los CDS. Se estudia más concretamente el efecto del desequilibrio entre oferta y demanda, un aspecto importante en un mercado donde el número de compradores (de protección) supera habitualmente al de vendedores. La base de datos cubre en este caso un total de 163 compañías (92 europeas y 71 norteamericanas) para el periodo 2002-2008. Se demuestra que el desequilibrio entre oferta y demanda tiene efectivamente un papel importante a la hora de explicar los movimientos de corto plazo en los CDS. La influencia de este desequilibrio se detecta una vez controlado el efecto de variables fundamentales ligadas al riesgo de crédito, y es mayor durante los periodos de estrés crediticio. Estos resultados ilustran que las primas de los CDS reflejan no sólo el coste de la protección, sino el coste anticipado por parte de los vendedores de tal protección de cerrar la posición adquirida.
Credit risk is associated with potential failure of borrowers to fulfill their obligations. In that sense, the main interest of financial institutions becomes to accurately measure and manage credit risk on a quantitative basis. With the intention to respond to this task this doctoral thesis, entitled "Structural Credit Risk Models: Estimation and Applications", focuses on practical usefulness of structural credit risk models that are characterized with explicit link with economic fundamentals and consequently allow for a broad range of application possibilities. To be more specific, in essence, the thesis project explores the information on credit risk embodied in the stock market and market for credit derivatives (CDS market) on the basis of structural credit risk models. The issue addressed in the first chapter refers to relative informational content of stock and CDS market in terms of credit risk. The overall analysis is focused on answering two crucial questions: which of these markets provides more timely information regarding credit risk, and what are the factors that influence informational content of credit risk indicators (i.e. stock market implied credit spreads and CDS spreads). Data set encompasses international set of 94 companies (40 European, 32 US and 22 Japanese) during the period 2002-2004. The main conclusions uncover time-varying behaviour of credit risk discovery, stronger cross market relationship and stock market leadership at higher levels of credit risk, as well as positive relationship between the frequency of severe credit deterioration shocks and the probability of the CDS market leadership.

Second chapter concentrates on the problem of estimation of latent parameters of structural models. It proposes a new, maximum likelihood based iterative algorithm which, on the basis of the log-likelihood function for the time series of equity prices, provides pseudo maximum likelihood estimates of the default barrier and of the value, volatility, and expected return on the firm's assets. The procedure allows for credit risk estimation based only on the readily available information from stock market and is empirically tested in terms of CDS spread estimation. It is demonstrated empirically that, contrary to the standard ML approach, the proposed method ensures that the default barrier always falls within reasonable bounds. Moreover, theoretical credit spreads based on pseudo ML estimates offer the lowest credit default swap pricing errors when compared to the other options that are usually considered when determining the default barrier: standard ML estimate, endogenous value, KMV's default point, and principal value of debt.

Final, third chapter of the thesis, provides further evidence of the performance of the proposed pseudo maximum likelihood procedure and addresses the issue of the presence of non-default component in CDS spreads. Specifically, the effect of demand-supply imbalance, an important aspect of liquidity in the market where the number of buyers frequently outstrips the number of sellers, is analyzed. The data set is largely extended covering 163 non-financial companies (92 European and 71 North American) and period 2002-2008. In a nutshell, after controlling for the fundamentals reflected through theoretical, stock market implied credit spreads, demand-supply imbalance factors turn out to be important in explaining short-run CDS movements, especially during structural breaks. Results illustrate that CDS spreads reflect not only the price of credit protection, but also a premium for the anticipated cost of unwinding the position of protection sellers.
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Books on the topic "The maximum price"

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Maximum price regulations and resulting parallel and black markets. Amsterdam: Thesis Publishers, 1994.

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Sweeney, John. Maximum adverse excursion: Analyzing price fluctuations for trading management. New York: J. Wiley, 1996.

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Buying at the point of maximum pessimism: Six value investing trends from China to oil to agriculture. Upper Saddle River, N.J: FT Press, 2010.

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Phillips, Scott. Buying at the point of maximum pessimism: Six value investing trends from China to oil to agriculture. Upper Saddle River, N.J: FT Press, 2010.

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Trend trading set-ups: Entering and exiting trends for maximum profit. Hoboken, New Jersey: Wiley, 2012.

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Anderson, David P. The inpacts of the 1990 Farm Bill on the Maximum bid Price for Farmland on Representative Central U.S. Grain Farms. College Station, Tex: Agricultural and Food Policy Center, Dept. of Agricultural Economics, Texas Agricultural Experiment Station, Texas Agricultural Extension Service, Texas A&M University, 1992.

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Great Britain. Office of Gas Supply. New maximum price for the resale of gas: A guide for landlords and tenants, industrial suppliers and their customers. [London]: HMSO for the Office of Gas Supply, 1990.

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United States. Congress. House. Committee on Agriculture. Subcommittee on Wheat, Soybeans, and Feed Grains. U.S. General Accounting Office report and U.S. Department of Agriculture report concerning the maximum payment limitation: Hearings before the Subcommittee on Wheat, Soybeans, and Feed Grains of the Committee on Agriculture, House of Representatives, One Hundredth Congress, first session. Washington: U.S. G.P.O., 1988.

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Timing the stock market for maximum profits. Brightwaters, N.Y: Windsor Books, 1987.

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United States. Congress. House. Committee on Agriculture. Subcommittee on Wheat, Soybeans, and Feed Grains. U.S. General Accounting Office report and U.S. Department of Agriculture report concerning the maximum payment limitation: Hearing before the Subcommittee on Wheat, Soybeans, and Feed Grains of the Committee on Agriculture, House of Representatives, One Hundredth Congress, first session, April 1, 1987, General Accounting Office; April 23, 1987, Department of Agriculture; April 28, 1987, Farm Organizations. Washington: U.S. Government Printing Office, 1988.

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Book chapters on the topic "The maximum price"

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Correa, José R., Andreas S. Schulz, and Nicolás E. Stier Moses. "Computational Complexity, Fairness, and the Price of Anarchy of the Maximum Latency Problem." In Integer Programming and Combinatorial Optimization, 59–73. Berlin, Heidelberg: Springer Berlin Heidelberg, 2004. http://dx.doi.org/10.1007/978-3-540-25960-2_5.

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Chircop, Paul A., Timothy J. Surendonk, Menkes H. L. van den Briel, and Toby Walsh. "A Branch-and-Price Framework for the Maximum Covering and Patrol Routing Problem." In Lecture Notes in Management and Industrial Engineering, 59–80. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-60135-5_5.

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Burnham, Richard E., and Mark F. Nagata. "Alternate Project Delivery: Claims in Design-Build, Guaranteed Maximum Price, and Other Delivery Methods." In Construction Contract Claims, Changes, and Dispute Resolution, 431–57. Reston, VA: American Society of Civil Engineers, 2016. http://dx.doi.org/10.1061/9780784414293.ch17.

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Xue, Liang, Han Wang, Fengling Wang, and Huawen Ma. "Sentiment Analysis of Stock Market Investors and Its Correlation with Stock Price Using Maximum Entropy." In Computer and Information Science 2021—Summer, 29–44. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-79474-3_3.

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Lin, Feng, Zhe-chao Yang, and Tao Jia. "Optimal Pricing and Ordering Policies for Non Instantaneous Deteriorating Items with Price Dependent Demand and Maximum Lifetime." In Proceedings of the 6th International Asia Conference on Industrial Engineering and Management Innovation, 411–21. Paris: Atlantis Press, 2015. http://dx.doi.org/10.2991/978-94-6239-148-2_41.

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Xue, Liang, Han Wang, Fengling Wang, and Huawei Ma. "Correction to: Sentiment Analysis of Stock Market Investors and Its Correlation with Stock Price Using Maximum Entropy." In Computer and Information Science 2021—Summer, C1. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-79474-3_14.

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V, Pradeep Kumar, and Kolla Bhanu Prakash. "A Critical Review on Federated Cloud Consumer Perspective of Maximum Resource Utilization for Optimal Price Using EM Algorithm." In Advances in Intelligent Systems and Computing, 165–75. Singapore: Springer Singapore, 2019. http://dx.doi.org/10.1007/978-981-15-0184-5_15.

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Hawkins, R. J., M. Rubinstein, and G. J. Daniell. "Reconstruction of the Probability Density Function Implicit in Option Prices from Incomplete and Noisy Data." In Maximum Entropy and Bayesian Methods, 1–8. Dordrecht: Springer Netherlands, 1996. http://dx.doi.org/10.1007/978-94-011-5430-7_1.

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Rotman, Joseph. "Prime Ideals and Maximal Ideals." In Universitext, 17–20. New York, NY: Springer US, 1990. http://dx.doi.org/10.1007/978-1-4684-0367-1_5.

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Rotman, Joseph. "Prime Ideals and Maximal Ideals." In Universitext, 31–38. New York, NY: Springer New York, 1998. http://dx.doi.org/10.1007/978-1-4612-0617-0_7.

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Conference papers on the topic "The maximum price"

1

Daley, G. C., and D. R. Elmer. "Understanding Minimum Sales Price and Maximum Purchase Price." In SPE Annual Technical Conference and Exhibition. Society of Petroleum Engineers, 1989. http://dx.doi.org/10.2118/19858-ms.

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Teng-San Shih, Jin-Shieh Su, and Huey-Ming Lee. "Maximum Revenue for Fuzzy Price Based on (λ,1) Interval-Valued Fuzzy Numbers." In 2009 Fourth International Conference on Innovative Computing, Information and Control (ICICIC 2009). IEEE, 2009. http://dx.doi.org/10.1109/icicic.2009.256.

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Yang, Hanchao. "An Empirical Analysis on Forecasting Stock Price: By Maximum Lyapunov Exponent and Fractal Dimension." In 2011 International Conference on Management and Service Science (MASS 2011). IEEE, 2011. http://dx.doi.org/10.1109/icmss.2011.5998350.

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Banerjee, Srijan, Parnab Saha, Bishaljit Paul, and Chandan Kumar Chanda. "ALLOCATING THE VARIABLE COST OF TRANSMISSION LINES DUE TO ELASTIC LOADS IN A CONGESTED POWER MARKET." In Topics in Intelligent Computing and Industry Design. volkson press, 2020. http://dx.doi.org/10.26480/cic.01.2020.99.102.

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In a competitive power market, the elastic demand for electrical energy transmission is viewed as a prime competitor of generator. Remote generators are needed for transmission to compete with local generators. The value of the transmission is based on the difference of Locational Marginal Price (LMP) of the generators across the network. To maintain the well operation of power market, LMPs which provide the price sensitivity is calculated at every bus. The revenue collected by the transmission owners is a convex quadratic function of the amount of power transmitted. This revenue provides a sound impact on investment perspective for setting the price that producers and customers should pay for the network. In this paper for a three bus system, the LMPs are calculated at the buses and a demand function for the transmission has been modeled which computes the maximum revenue for the optimal transmission capacity in the syste.
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Novikov, V. A. "Problems of application of methods for determining the maximum value of the price the contract." In Scientific Trends: Law. ЦНК МОАН, 2019. http://dx.doi.org/10.18411/spc-20-12-2019-04.

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Bei, Xiaohui, Xinhang Lu, Pasin Manurangsi, and Warut Suksompong. "The Price of Fairness for Indivisible Goods." In Twenty-Eighth International Joint Conference on Artificial Intelligence {IJCAI-19}. California: International Joint Conferences on Artificial Intelligence Organization, 2019. http://dx.doi.org/10.24963/ijcai.2019/12.

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We investigate the efficiency of fair allocations of indivisible goods using the well-studied price of fairness concept. Previous work has focused on classical fairness notions such as envy-freeness, proportionality, and equitability. However, these notions cannot always be satisfied for indivisible goods, leading to certain instances being ignored in the analysis. In this paper, we focus instead on notions with guaranteed existence, including envy-freeness up to one good (EF1), balancedness, maximum Nash welfare (MNW), and leximin. We mostly provide tight or asymptotically tight bounds on the worst-case efficiency loss for allocations satisfying these notions.
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Price, Henry, and Robert Cable. "Parabolic Trough Power for the California Competitive Market." In ASME 2001 Solar Engineering: International Solar Energy Conference (FORUM 2001: Solar Energy — The Power to Choose). American Society of Mechanical Engineers, 2001. http://dx.doi.org/10.1115/sed2001-151.

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Abstract California is about to complete its third year of a deregulated competitive wholesale power market. During the first two years of the competitive market, power prices averaged between 2 and 3¢/kWh. During 2000, electric supply to California was constrained a number of times causing maximum the price of power to peak over 100¢/kWh, and the average price of power to quadruple. The power output from solar plants tends to coincide with the high power demand periods in California. This fact had been demonstrated by the solar electric generating stations (SEGS) located in the California Mojave Desert, which operate under specific contracts signed in the 1980’s and early 1990’s with the local utility. This paper, on the other hand, examines how new parabolic trough solar plants would have faired on the wholesale competitive power market during 1999 and 2000.
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Bai, W., and W. D. Long. "Study on Feasible Gas Price Formulation Principle for BCHP in China." In ASME 2009 3rd International Conference on Energy Sustainability collocated with the Heat Transfer and InterPACK09 Conferences. ASMEDC, 2009. http://dx.doi.org/10.1115/es2009-90083.

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Taking three cities in China — Shanghai, Beijing and Chengdu — as examples, under different power price and natural gas price policies, and at the same output level, this paper compares Building Cooling Heating and Power system (BCHP) with the other four cooling/heating sources systems by economic analysis. This paper calculates Life Cycle Cost (LCC) of the five systems to determine which the best is and which the worst is. The author compares the LCC of power-driven cooling/heating systems with that of gas-driven systems especially when power users should pay the basic electricity cost according to the maximum power demand (MPD) or transformer capacity. This paper defines price ratio of electric power to natural gas, builds first-order linear regression equation of equivalent uniform annual cost (EUAC) ratio of BCHP to power-driven air source heat pump to calculate the feasible price ratio of electric power to natural gas. Accordingly, the author suggests that government should give preferential natural gas price subsidies policies to BCHP users.
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Sun, Qiu-bai, Yao Zhang, and Hua Li. "Construction and analysis of continuous maximum entropy stock price prediction model—Based on the utility function including transaction costs." In 2014 International Conference on Management Science and Engineering (ICMSE). IEEE, 2014. http://dx.doi.org/10.1109/icmse.2014.6930398.

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Vodžák, Milan, and Matúš Materna. "Differences in approaches to charging for air navigation services in selected countries of the world regions." In Práce a štúdie. University of Zilina, 2021. http://dx.doi.org/10.26552/pas.z.2021.2.41.

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The work analyzes and finds out the difference in the charging systems of air navigation service providers in selected countries of the world regions, which is the main financial and economical factor to cover the costs of providing air navigation services. It deals with various charging systems in selected regions of the world by specific air navigation service providers of countries (China, Mexico and the Eurocontrol area), and identifies howindividual differences in charging systems act in total amount of en-route charges. In general, the key factor for considering air navigation service providers is the price of services, but in our work we also deal with the influence of the distance factor on the total amount of the charge and the weight factor, which can be determined in different regions of the world by various approaches. These are two ways determining the number of providers' services which are subsequently subject to a price per unit of that service. The finding of the work is that charging systems for air navigation services which use categorization methods of maximum take-off weight (wingspan), which have the ability to influence the total amount of charges by two factors, first is a unit rate (price) of individual categories, and the second is a change in size of category. Unlike charging systems, where the uniform formula is used to calculate the weighting factor, only changes in the value of the unit rate can be used to change charges.
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