Search results for "Ex-ante"
showing 6 items of 26 documents
Expectations and forward risk premium in the Spanish deregulated power market
2010
Abstract Deregulation in energy markets has entailed important changes in the way agents conduct business. Price risk arises as a result of fluctuations in the future price of electricity and agents assume long or short positions in the forward and spot markets to hedge their exposure to price risk. The presence of forward risk premium in prices is evidence of the fact that agents act in the market according to risk considerations. This work aims to analyse the information content of the difference between the forward and spot prices (the so-called forward premium) regarding the agents’ decisions. We find that the sign and magnitude of the ex post forward premium depend on the unexpected va…
The Provide Training Course. Contents, Methodology, Evaluation
2020
This volume describes the ideational effort required to design and implement a training-course model for "Experts in proximity violence”. Proximity violence concerns multiple forms of gender-based violence which conceal, in turn, more subtle, intimate and viscous forms of dependence. The course was based on modules and availed itself of a "mixed" methodology, where theoretical lectures were interwoven with experiential workshops. During the first six months of 2019, over 800 Italian, French and Spanish operators engaged on the migratory front, attended the courses. The model presented in the first two chapters of the present volume was accompanied and corroborated by a set of ex-ante and ex…
The Multi-Faceted Concept of Transparency
2014
Transparency has become a catchword and in the economic-political debate is often seen as a universal remedy for all sorts of problems. In this paper, we analyze and discuss the meaning and use of the concept of transparency in economic research. We look for common denominators across different areas where the concept is used, and find that transparency in essence is about reductions in information asymmetries, and therefore entails the transfer of information from a sender to a receiver. Transparency goes beyond mere information disclosure in that it has a demand-side dimension: the information transferred should be trustworthy and have a value to the receiver. We emphasize the distinction…
Implementation of green harvesting in the Sicilian wine industry: Effects on the cooperative system
2015
This paper contributes to assessing the effectiveness of the GH measure to contribute in reducing the supply of wine grapes, and thus contrasting the fall of wine prices in those years when especially abundant productions are expected. By analysing the application of this measure to the Sicilian wine sector during the three-year period (2010–2012), we assess its effects on the regional wine cooperative system. The results from the analysis of the statistical data show that the GH measure was successful in terms of the number of applications, the supported area and financial expenditures, and contributed with other factors to determining a reduction in wine grape production. The empirical su…
Apvienošanās darījumu ietekmes analīze
2020
Uzņēmējiem un konkurences uzraudzības iestādēm ir būtiski saprast apvienošanās un pārņemšanas darījumu ietekmi uz uzņēmumu finanšu rādītājiem un tirgu, lai spētu pieņemt ilgtermiņa lēmumus par iespējamo apvienošanos. Taču zinātniskajā literatūrā analītiķi izvirza pretējus secinājumus par to, vai apvienošanās darījumi veicina attīstību vai to kavē, kā arī nav vienprātības, vai un kādi citi faktori ietekmē uzņēmumu stabilitāti apvienošanās laikā. Tādēļ darba mērķis ir, izmantojot ekonometriskās analīzes un citas metodes, pārbaudīt, vai apvienošanās darījumu ietekme uz uzņēmumiem pastāv, vai tā ir pozitīva vai negatīva. Aprēķinot un analizējot 24 mazāko kvadrātu lineārās regresijas modeļus div…
Does innovativeness reduce startup survival rates?
2015
There are two competing hypotheses explaining how innovativeness influences the survival of startups: On the one hand, innovativeness is argued to foster survival-enhancing attributes (e.g., market power and cost efficiency) and capabilities (e.g., absorptive capacity). On the other hand, an innovative startup faces (and bears the associated risks of) liabilities of newness and smallness that exceed those of its non-innovative counterparts. The available empirical literature addressing this theoretical tension mostly supports the former hypothesis; we suggest that this finding is, in part, driven by the common practice of employing an ex post measure that already embodies a degree of succes…