scholarly journals Swap Market Model: Theory and Empirical Evidence

2008 ◽  
Author(s):  
Bing Gan ◽  
Zhenke Guan ◽  
Ser-Huang Poon
Keyword(s):  
Empirical Evidence ◽  
Model Theory ◽  
Market Model

The Nonlinear Interaction of Person and Situation (Nips) Model: Theory and Empirical Evidence

2018 ◽  
Vol 32 (3) ◽  
pp. 286-305 ◽  
Author(s):  
Gabriela S. Blum ◽  
John F. Rauthmann ◽  
Richard Göllner ◽  
Tanja Lischetzke ◽  
Manfred Schmitt
Keyword(s):  
Empirical Evidence ◽  
Model Theory ◽  
Nonlinear Interaction ◽  
European Association ◽  
Personality Psychology ◽  
Research Results ◽  
Precise Shape ◽  
Nonlinear Relation ◽  
Analytical Approaches ◽  
Broad Consensus

Despite the broad consensus in psychology that human behaviour is influenced by the interaction between characteristics of the person and characteristics of the situation, not much is known about the precise shape of this person–situation (P × S) interaction. To address this issue, we introduce and test the nonlinear interaction of person and situation (NIPS) model. The NIPS model can be applied to explain contradictory research results, offers a more accurate prediction of behaviour, and can be applied to any trait. In three studies and with three different analytical approaches, we test the NIPS model and its implications. In the pre–study, we test whether variability in participants’ behaviour is smaller in extreme aggression–provoking and jealousy–inducing situations than in moderate situations, suggesting the effect of ‘strong’ situations at the extremes of the situation continuum. In Studies 1 and 2, we test the nonlinear relation between person and situation variables in predicting behaviour in within–subject designs and provide support for the predictions of the NIPS model. Future lines of research with the NIPS model are discussed. Copyright © 2018 European Association of Personality Psychology

The Empirical Evidence for Citizen Information and a Local Market for Public Goods

1995 ◽  
Vol 89 (3) ◽  
pp. 705-709 ◽  
Author(s):  
David Lowery ◽  
W. E. Lyons ◽  
Ruth Hoogland DeHoog ◽  
Paul Teske ◽  
Mark Schneider ◽  
...  
Keyword(s):  
School Districts ◽  
Theoretical Analysis ◽  
Empirical Study ◽  
Empirical Evidence ◽  
Local Governments ◽  
Competitive Market ◽  
Market Model ◽  
Local Market ◽  
Tax Rates ◽  
General Importance

In their 1993 article in this Review, Paul Teske, Mark Schneider, Michael Mintrom, and Samuel Best sought to establish the microfoundations for a model of a competitive market for public services between local governments in polycentric regions. An important part of their model focused on subgroups of informed citizens, especially recent movers. Theoretical analysis was supplemented by an empirical study of the factors shaping accuracy of Long Island homeowners' information about relative expenditures and tax rates of their school districts. David Lowery, W. E. Lyons and Ruth Hoogland DeHoog criticize the relevance of this empirical evidence, suggesting the atypical nature of education as a service (especially in this site) and challenging the sufficiency of the demonstrated levels of information for generating a competitive market. Teske and his colleagues reply by pointing out the general importance of education throughout American local policymaking and by defending the relevance of their measures and conclusions for their market model.

scholarly journals The Profitability of Momentum Strategies: Empirical Evidence from Damascus Securities Exchange (DSE)

2018 ◽  
Vol 5 (1) ◽  
pp. 16-29
Author(s):  
Oubay Mahmoud ◽  
Almougheer I Wardeh
Keyword(s):  
Empirical Evidence ◽  
Market Risk ◽  
Trading Strategies ◽  
Market Model ◽  
Momentum Effect ◽  
Momentum Strategy ◽  
Momentum Strategies ◽  
Monthly Data ◽  
Contrarian Strategy ◽  
Momentum Profits

The purpose of this study is to examine the profitability of Momentum based- trading strategies and investigate the causes of such profitability in Damascus Securities Exchange (DSE) market. The study analyzed 16 Momentum strategies based on full rebalancing and equally weighted techniques using monthly data from January 2010 to December 2016. The findings of the study showed low but significant Momentum effect, where the returns of Momentum portfolios were statistically positive only in 1 out of 16 strategies. Our findings suggest that Momentum strategy is applicable for winner portfolios whereas contrarian strategy is more appropriate for loser portfolios. We also adopted Market Model in order to investigate the possible risk-based explanations of Momentum profits, but we found that market risk is unable to explain the Momentum profitability in DSE market.

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