{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2022,4,5]],"date-time":"2022-04-05T13:22:17Z","timestamp":1649164937059},"reference-count":20,"publisher":"World Scientific Pub Co Pte Lt","issue":"08","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Int. J. Theor. Appl. Finan."],"published-print":{"date-parts":[[2002,12]]},"abstract":"<jats:p> In this paper we model how the transaction of derivatives affects the price process of the underlying asset, considering the existence of a few agents with market power and a population of liquidity traders. This setting generates an equilibrium bid-ask spread for the underlying asset. The resulting feedback effect of hedging strategies is shown to depend on what type of agent more actively hedges. We also characterize how the feedback effect is lessened as the number of market-makers increases. <\/jats:p>","DOI":"10.1142\/s0219024902001766","type":"journal-article","created":{"date-parts":[[2002,11,29]],"date-time":"2002-11-29T11:25:34Z","timestamp":1038569134000},"page":"845-875","source":"Crossref","is-referenced-by-count":2,"title":["MARKET POWER AND FEEDBACK EFFECTS FROM HEDGING DERIVATIVES"],"prefix":"10.1142","volume":"05","author":[{"given":"JO\u00c3O AMARO","family":"DE MATOS","sequence":"first","affiliation":[{"name":"Faculdade de Economia, Universidade Nova de Lisboa, Rua Marqu\u00eas de Fronteira, 20, 1099-038 Lisbon, Portugal"}]},{"given":"JO\u00c3O SOBRAL","family":"DO ROS\u00c1RIO","sequence":"additional","affiliation":[{"name":"Ecole de Commerce Solvay, Universit\u00e9 Libre de Bruxelles, 21, avenue F.D. Roosevelt, 1050 Bruxelles, Belgium"}]}],"member":"219","published-online":{"date-parts":[[2011,11,21]]},"reference":[{"key":"p_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1467-9965.1992.tb00039.x"},{"key":"p_2","doi-asserted-by":"publisher","DOI":"10.2307\/2328678"},{"key":"p_3","doi-asserted-by":"publisher","DOI":"10.1086\/260062"},{"key":"p_4","doi-asserted-by":"publisher","DOI":"10.2307\/2329098"},{"key":"p_5","doi-asserted-by":"publisher","DOI":"10.1086\/296472"},{"key":"p_7","doi-asserted-by":"publisher","DOI":"10.2307\/2328601"},{"key":"p_8","doi-asserted-by":"publisher","DOI":"10.2307\/2526876"},{"key":"p_9","doi-asserted-by":"publisher","DOI":"10.1111\/j.1467-9965.1993.tb00035.x"},{"key":"p_10","doi-asserted-by":"publisher","DOI":"10.1111\/1467-9965.00036"},{"key":"p_11","first-page":"999","volume":"80","author":"Gennotte G.","year":"1990","journal-title":"American Economic Review"},{"key":"p_12","doi-asserted-by":"publisher","DOI":"10.2307\/2328637"},{"key":"p_13","doi-asserted-by":"publisher","DOI":"10.1093\/rfs\/6.3.595"},{"key":"p_14","doi-asserted-by":"publisher","DOI":"10.2307\/2331224"},{"key":"p_15","first-page":"261","volume":"1","author":"Kabir R.","year":"2000","journal-title":"Research in Banking and Finance"},{"key":"p_16","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6288.1988.tb00773.x"},{"key":"p_18","doi-asserted-by":"publisher","DOI":"10.2307\/3215342"},{"key":"p_19","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6288.1994.tb00406.x"},{"key":"p_20","doi-asserted-by":"publisher","DOI":"10.1111\/1467-9965.00045"},{"key":"p_21","first-page":"49","volume":"14","author":"Trennepohl G. L.","year":"1979","journal-title":"Rev. Business and Economic Research"},{"key":"p_22","doi-asserted-by":"publisher","DOI":"10.1137\/S0036139996308534"}],"container-title":["International Journal of Theoretical and Applied Finance"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.worldscientific.com\/doi\/pdf\/10.1142\/S0219024902001766","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,8,7]],"date-time":"2019-08-07T17:14:38Z","timestamp":1565198078000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.worldscientific.com\/doi\/abs\/10.1142\/S0219024902001766"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2002,12]]},"references-count":20,"journal-issue":{"issue":"08","published-online":{"date-parts":[[2011,11,21]]},"published-print":{"date-parts":[[2002,12]]}},"alternative-id":["10.1142\/S0219024902001766"],"URL":"https:\/\/doi.org\/10.1142\/s0219024902001766","relation":{},"ISSN":["0219-0249","1793-6322"],"issn-type":[{"value":"0219-0249","type":"print"},{"value":"1793-6322","type":"electronic"}],"subject":[],"published":{"date-parts":[[2002,12]]}}}