This paper presents the parallel computing implementation of the MitISEM algorithm, labeled Parallel MitISEM. The basic MitISEM algorithm provides an automatic and flexible method to approximate a non-elliptical target density using adaptive mixtures of Student-t densities, where only a kernel...

We investigate the direct connection between the uncertainty related to estimated stable ratios of stock prices and risk and return of two pairs trading strategies: a conditional statistical arbitrage method and an implicit arbitrage one. A simulation-based Bayesian procedure is introduced for...

This volume includes five self-contained chapters in the fields of public debt and fiscal transfer schemes. After an introduction to the topic, chapter 2 shows that the institutional setting of fiscal policy making needs to be considered when assessing the sustainability of fiscal policy. Using...

Organizational ambidexterity wurde kürzlich als "heisses Thema" innerhalb der Strategieforschung bezeichnet (Birkinshaw and Gupta, 2014: 2). Es definiert sich als die Fähigkeit einer Firma gleichzeitig exploration und exploitation durchzuführen (Gupta et al., 2006) und hat sich als "neues...