Matches in SemOpenAlex for { <https://semopenalex.org/work/W3122955225> ?p ?o ?g. }
Showing items 1 to 94 of
94
with 100 items per page.
- W3122955225 abstract "For several years, financial markets have been the place of important mutations. These mutations have hit both stock markets themselves as well as the infrastructures including all necessary services for the transactions on financial securities. Among the market services to which the investors appeal, is the clearing of the orders, the service which allows reducing exchanged flows while guaranteeing their safety. The market of clearing became strongly competitive with the arrival of new Pan clearing houses. Confronted with aggressive pricing policies, clearing houses have to adopt new strategies : merger, simple or mutual links of interoperability. We develop a model of industrial organization to appreciate the consequences of these various strategies in terms of price and social welfare. The strategic incentives of clearing houses and their effects on their customers, i.e. investors, are observed by means of a sequential game. We show that the interoperability agreements are never reached at the equilibrium in spite of the fact that the European code of good practice of postmarkets incites them to accept this type of agreements. On the other hand, a merger between incumbent clearing houses can occur under some conditions. The merger is beneficial to these last ones as well as to the investors, but it is unfavourable to the Pan clearing houses." @default.
- W3122955225 created "2021-02-01" @default.
- W3122955225 creator A5048367099 @default.
- W3122955225 creator A5054178894 @default.
- W3122955225 creator A5059029365 @default.
- W3122955225 date "2015-05-04" @default.
- W3122955225 modified "2023-09-23" @default.
- W3122955225 title "Competition between clearing houses on the European market" @default.
- W3122955225 cites W1549925697 @default.
- W3122955225 cites W1598833883 @default.
- W3122955225 cites W1877018132 @default.
- W3122955225 cites W1912240397 @default.
- W3122955225 cites W1967753816 @default.
- W3122955225 cites W1969484202 @default.
- W3122955225 cites W1970321809 @default.
- W3122955225 cites W1980095108 @default.
- W3122955225 cites W1990117446 @default.
- W3122955225 cites W1996608674 @default.
- W3122955225 cites W2007271887 @default.
- W3122955225 cites W2030992910 @default.
- W3122955225 cites W2043871944 @default.
- W3122955225 cites W2050659050 @default.
- W3122955225 cites W2054747718 @default.
- W3122955225 cites W2071715957 @default.
- W3122955225 cites W2072888225 @default.
- W3122955225 cites W2086071535 @default.
- W3122955225 cites W2140003274 @default.
- W3122955225 cites W2140179341 @default.
- W3122955225 cites W2170921639 @default.
- W3122955225 cites W3021620974 @default.
- W3122955225 cites W3121191618 @default.
- W3122955225 cites W3122882311 @default.
- W3122955225 cites W3123175156 @default.
- W3122955225 cites W3123363880 @default.
- W3122955225 cites W3125171437 @default.
- W3122955225 hasPublicationYear "2015" @default.
- W3122955225 type Work @default.
- W3122955225 sameAs 3122955225 @default.
- W3122955225 citedByCount "0" @default.
- W3122955225 crossrefType "journal-article" @default.
- W3122955225 hasAuthorship W3122955225A5048367099 @default.
- W3122955225 hasAuthorship W3122955225A5054178894 @default.
- W3122955225 hasAuthorship W3122955225A5059029365 @default.
- W3122955225 hasConcept C10138342 @default.
- W3122955225 hasConcept C134697681 @default.
- W3122955225 hasConcept C144133560 @default.
- W3122955225 hasConcept C14981831 @default.
- W3122955225 hasConcept C162324750 @default.
- W3122955225 hasConcept C175444787 @default.
- W3122955225 hasConcept C18903297 @default.
- W3122955225 hasConcept C34447519 @default.
- W3122955225 hasConcept C40700 @default.
- W3122955225 hasConcept C54750564 @default.
- W3122955225 hasConcept C86803240 @default.
- W3122955225 hasConcept C91306197 @default.
- W3122955225 hasConceptScore W3122955225C10138342 @default.
- W3122955225 hasConceptScore W3122955225C134697681 @default.
- W3122955225 hasConceptScore W3122955225C144133560 @default.
- W3122955225 hasConceptScore W3122955225C14981831 @default.
- W3122955225 hasConceptScore W3122955225C162324750 @default.
- W3122955225 hasConceptScore W3122955225C175444787 @default.
- W3122955225 hasConceptScore W3122955225C18903297 @default.
- W3122955225 hasConceptScore W3122955225C34447519 @default.
- W3122955225 hasConceptScore W3122955225C40700 @default.
- W3122955225 hasConceptScore W3122955225C54750564 @default.
- W3122955225 hasConceptScore W3122955225C86803240 @default.
- W3122955225 hasConceptScore W3122955225C91306197 @default.
- W3122955225 hasLocation W31229552251 @default.
- W3122955225 hasOpenAccess W3122955225 @default.
- W3122955225 hasPrimaryLocation W31229552251 @default.
- W3122955225 hasRelatedWork W1021682678 @default.
- W3122955225 hasRelatedWork W1489931673 @default.
- W3122955225 hasRelatedWork W1587684809 @default.
- W3122955225 hasRelatedWork W1598447437 @default.
- W3122955225 hasRelatedWork W1908676128 @default.
- W3122955225 hasRelatedWork W2017343983 @default.
- W3122955225 hasRelatedWork W2026031170 @default.
- W3122955225 hasRelatedWork W2042007712 @default.
- W3122955225 hasRelatedWork W2158387920 @default.
- W3122955225 hasRelatedWork W2246619349 @default.
- W3122955225 hasRelatedWork W2483055348 @default.
- W3122955225 hasRelatedWork W2484212622 @default.
- W3122955225 hasRelatedWork W2490795327 @default.
- W3122955225 hasRelatedWork W251586110 @default.
- W3122955225 hasRelatedWork W2750813461 @default.
- W3122955225 hasRelatedWork W2754761121 @default.
- W3122955225 hasRelatedWork W3122713436 @default.
- W3122955225 hasRelatedWork W3201008903 @default.
- W3122955225 hasRelatedWork W349527083 @default.
- W3122955225 hasRelatedWork W67899429 @default.
- W3122955225 isParatext "false" @default.
- W3122955225 isRetracted "false" @default.
- W3122955225 magId "3122955225" @default.
- W3122955225 workType "article" @default.