supplier can set the prices. Aggregation of Supply • Suppliers can group to wield more bargaining power. • This aggregation can take different shapes. • Cartels try to influence prices to their own advantage. In most developed countries cartels are illegal. • Sometimes suppliers have secret collusion agreements that are difficult to prosecute. • In most developed countries‚ a watchdog is responsible to protect well functioning markets from excessive supply aggregation. • Cartels‚ like monopolists
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CHAPTER 8 APT 1.In a factor model‚ the return on a stock in a particular period will be related to _________. A. firm-specific events B. macroeconomic events C. the error term D. both a and b E. neither a nor b 2.Assume that stock market returns do follow a single-index structure. An investment fund analyzes 500 stocks in order to construct a mean-variance efficient portfolio constrained by 500 investments. They will need to calculate ________ estimates of firm-specific variances and ________
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MGT 409 Case 1: Arbitrage in the Government Market 1. In 1991‚ major discrepancies in the prices of multiple long maturity US Treasury bonds seemed to appear in the market. An employee of the firm Mercer and Associates‚ Samantha Thompson‚ thought of a way to exploit this opportunity in order to take advantage of a positive pricing difference by substituting superior bonds for existing holdings. Thompson created two synthetic bonds that imitated the cash flows of the 8¼ May 00-05 bond; one for
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Arbitrage in LIQUIFIED Natural Gas December 2012 Take a look at the long-term charts of crude oil and natural gas. The historical oil-to-gas price ratios have ranged from 6:1 to 10:1 before the economic crisis. Since one barrel of oil contains the energy equivalent of the 5.825 million BTU of natural gas‚ an implied BTU arbitrage kept this relationship in check. Spot natural gas traded as low 1.905 earlier in the week implying an energy equivalent price of a barrel
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Sensory Adaptation Abstract This paper describes three home type experiments and their conclusions as related to sensory perceptions. This paper will also describe the meaning and concept of sensory adaptation‚ and how it is evident within the discussed experiments. A description of the sensory systems that are involved with the experiments‚ as well as what happens from the nerve receptors to the brain. Sensory Adaptation Sensory adaptation refers to how a person’s body adjusts
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Adaptation La’Ketica T. Moore AIU Online Abstract For this assignment I must describe what sensory adaptation is and to explain the concept of it. We were giving four experiments and out of the four to pick three that we need to describe what sensory adaptation was evident in each. Adaptation Sandpaper The first experiment is on the coarseness of the sandpaper‚ I rated the sandpaper a 4 on a scale of 1 being very soft and 7 being very coarse. I gave it a 4 on my right and on my
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THE ROLE OF PROTEIN MISFOLDING AND AGGREGATION IN BSE When a protein misfolds it changes its behavior and function. If it becomes hydrophobic after once being polar. The properties and functionality of the protein are no longer useful to the organism and disaster results. PrPSc is hydrophobic‚ it avoids water inside of the cell…it attracts and attaches other proteins to misfolds and become hydrophobic …Misfolding spreads because the PrPSc act as chaperone proteins to convert PrPc TO PrPSc and
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Pairs Trading: Performance of a Relative Value Arbitrage Rule Evan Gatev‚ Boston College William N. Goetzmann‚ Yale School of Management‚ International Center for Finance K. Geert Rouwenhorst‚ Yale School of Management‚ International Center for Finance This paper can be downloaded without charge from the Social Science Research Network Electronic Paper Collection: http://ssrn.com/abstract=141615 Pairs Trading: Performance of a Relative Value Arbitrage Rule Evan Gatev Assistant Professor Boston
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Adaptation is natural selection in actions (Anemone‚ 2011). Natural selection is when organisms with more favorable traits suited for their environment are able to reproduce and pass on their desirable traits (Anemone‚ 2011). There are two types of adaptations‚ biological adaptation and cultural adaptation. Biological adaptations have to do with our genetics and cultural adaptations are those made by physical objects such as housing‚ clothing‚ and tools. Biological adaptations are traits that
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got to see adaptation in three different ways: Seen as a product‚ an adaptation can be seen as an extensive transposition of an original work which should be told/implicitly known to the audience. This can involve a shift of medium (written word to performance‚ or a change of frame and therefore context: e.g. telling the same story through the looking glass of a different culture)‚ which can create a different interpretation. Seen as a process of creation‚ the act of adaptation can be said
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