Under the condition of the perfect capital market in western flourishing market economy country, the stock price in capital market makes an accurate, simultaneous reaction to market information ( also called the list price mechanism ), carrying out the list price efficiency;
This thesis tight contacts the list price mechanism and the price mechanism, rebuilds theory frame of the capital market efficiency research, respectively explains the main factors which stipulate the list price mechanism and the price mechanism, points out that the list price efficiency is mainly decided by the micro structure of the capital market, including market dealing system, structure of participants, risk management system and information publishing system;
Platform of two-sided markets can provide services with different quality,former literature only considers the situation which platform provides unique service,this article considers pricing and profits of platform which provides different quality services under monopoly and competing marketing structure and finds that price will be highest when monopoly platform provides high-quality service first then low-quality service and profit will be higher than monopoly platform provides low-quality service first and high-quality service at the same time.
A branch-and-price algorithm for solving the cutting strips problem
After giving a suitable model for the cutting strips problem, we present a branch-and-price algorithm for it by combining the column generation technique and the branch-and-bound method with LP relaxations.
It is showed how the dividends affect the fair price of the call options.
for an investor who has available a bank account and a stock whose price is a log normal diffusion.
Wealth is divided into a riskless asset and risky asset with logrithmic Brownian motion price fluctuations.