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FS
2010
148views more  FS 2010»
14 years 10 months ago
Option hedging for small investors under liquidity costs
Following the framework of C¸etin, Jarrow and Protter [4] we study the problem of super-replication in presence of liquidity costs under additional restrictions on the gamma of th...
Umut Çetin, H. Mete Soner, Nizar Touzi
97
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JUCS
2010
131views more  JUCS 2010»
14 years 10 months ago
Toward the Next Wave of Services: Linked Services for the Web of Data
: It has often been argued that Web services would have a tremendous impact on the Web, as a core enabling technology supporting a highly efficient service-based economy at a globa...
Carlos Pedrinaci, John Domingue
WINE
2010
Springer
109views Economy» more  WINE 2010»
14 years 9 months ago
Strategy-Proof Voting Rules over Multi-issue Domains with Restricted Preferences
In this paper, we characterize strategy-proof voting rules when the set of alternatives has a multi-issue structure, and the voters' preferences are represented by acyclic CP-...
Lirong Xia, Vincent Conitzer
WINE
2010
Springer
162views Economy» more  WINE 2010»
14 years 9 months ago
Near-Strong Equilibria in Network Creation Games
We introduce a new solution concept for games, near-strong equilibrium, a variation of strong equilibrium. Previous work has shown the existence of 2-strong pure strategy equilibr...
Ola Rozenfeld, Moshe Tennenholtz
WINE
2010
Springer
144views Economy» more  WINE 2010»
14 years 9 months ago
An Axiomatic Characterization of Continuous-Outcome Market Makers
Abstract. Most existing market maker mechanisms for prediction markets are designed for events with a finite number of outcomes. All known attempts on designing market makers for f...
Xi Alice Gao, Yiling Chen