This paper proposes a profit model for spread trading by focusing on the stochastic movement of the price spread and its first hitting time probability density. The model is general in that it can be used for any financial instrument. The advantage of the model is that the profit from the trades...

The focus of the green paradox literature has been either on demand-side climate policies or on effects of technological changes. The present paper addresses the question of whether there also might be some kind of green paradox related to supply-side policies, i.e. policies that permanently...

The focus of the green paradox literature has been either on demand-side climate policies or on effects of technological changes. The present paper addresses the question of whether there also might be some kind of green paradox related to supply-side policies, i.e. policies that per-manently...

Die Studie "Energierohstoffe" untersucht den Energieverbrauch während der nächsten 25 Jahre, zeigt die Unterschiede im Wachstum der einzelnen Energierohstoffe (insbesondere Öl, Gas und Kohle) sowie die Kostenentwicklung dieser Energieträger auf. Die Auswirkungen steigender Energiepreise auf...