There is a widespread consensus among the most important players in developed countries (voters, politicians, producers, traditional and green interest groups and bureaucracies) that a shift towards an eco-social market economy is essential for sustainable growth. Nevertheless, market-based...

It is generally held that derivative prices do not contain useful predictive information, that is, information relating to the distribution of future financial variables under the real-world measure. This is because the market’s implicit forecast of the future becomes entangled with market...

Angesichts der Erlassung des Kreislaufwirtschaftsgesetzes und produktbezogener Rücknahmeverordnungen sehen sich Hersteller von langlebigen Gebrauchsgütern gezwungen, Rücknahme- und Recyclingsysteme für Altprodukte zu implementieren. Dabei stehen ihnen verschiedene organisatorische...