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Bidders’ Behaviour and Theory of Share Auctions with Applications to the Colombian Primary Bond Market
Although most governments sell their bonds through a share auction, little is known about behaviour of bidders in these auctions. This thesis analyzes the literature on government securities auctions, focusing primarily ...
Three Essays on Updating Forecasts in Vector Autoregression Models
Forecasting firms' earnings has long been an interest of market participants and academics. Traditional forecasting studies in a multivariate time series setting do not take into account that the timing of market data ...
Three Essays in Auctions and Contests
This thesis studies issues in auctions and contests. The seller of an object and the organizer of a contest have many instruments to improve the revenue of the auction or the efficiency of the contest. The three essays ...
An Empirical Study of the Causes and Consequences of Mergers in the Canadian Cable Television Industry
This dissertation consists of three essays that study mergers and consolidation in the Canadian cable television industry. The first essay provides a historical overview of regulatory and technical change in the industry, ...
Essays on Inflation and Output: A Search-Theoretic Approach
This dissertation examines the welfare effects of inflation on employment and output in three different market settings. The theoretical frameworks build on recent studies in the monetary search literature that explicitly ...