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FS
2011
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13 years 2 months ago
Asset price bubbles from heterogeneous beliefs about mean reversion rates
Harrison and Kreps showed in 1978 how the heterogeneity of investor beliefs can drive speculation, leading the price of an asset to exceed its intrinsic value. By focusing on an e...
Xi Chen, Robert V. Kohn
WSC
2008
14 years 1 months ago
Pricing decision and lead time setting in a duopoly semiconductor industry
Pricing and lead time setting are two important decisions in semiconductor foundry industries. This research considers the competition of a duopoly market consisting of two make-t...
I-Hsuan Hong, Hsi-Mei Hsu, Yi-Mu Wu, Chun-Shao Yeh