John Duffy - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T23:10:35+00:00Pricing Indefinitely Lived Assets: Experimental Evidence
https://www.bankofcanada.ca/2023/04/staff-working-paper-2023-25/
We study the trading of an asset with bankruptcy risk. The traded price of the asset is, on average, 40% of the expected total dividend payments. We investigate which economic models can explain the low traded price.2023-04-24T14:52:48+00:00enPricing Indefinitely Lived Assets: Experimental Evidence2023-04-24Asset pricingFinancial marketsStaff Working Paper 2023-25https://www.bankofcanada.ca/wp-content/uploads/2023/04/swp2023-25.pdfStaff Working Paper 2023-25John DuffyJanet Hua JiangHuan XieApril 2023CC9C91C92DD8D81GG1G12Adoption of a New Payment Method: Theory and Experimental Evidence
https://www.bankofcanada.ca/2017/07/staff-working-paper-2017-28/
We model the introduction of a new payment method, e.g., e-money, that competes with an existing payment method, e.g., cash. The new payment method involves relatively lower per-transaction costs for both buyers and sellers, but sellers must pay a fixed fee to accept the new payment method.2017-07-20T09:21:19+00:00enAdoption of a New Payment Method: Theory and Experimental Evidence2017-07-20Central bank researchDigital currencies and fintechStaff Working Paper 2017-28https://www.bankofcanada.ca/wp-content/uploads/2017/07/swp2017-28.pdfAdoption of a New Payment Method: Theory and Experimental EvidenceJasmina ArifovicJohn DuffyJanet Hua JiangJuly 2017CC3C35C8C83C9C92EE4E41