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Improving the pricing of options: a neural network approach

Anders, Ulrich; Korn, Olaf; Schmitt, Christian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1996

In this paper we apply statistical inference techniques to build neural network models which are able to explain the prices of call options written on the German stock index DAX. By testing for the explanatory power of several input variables serving as network inputs, some insight into the...

Persistent link: https://www.econbiz.de/10008567511

Model selection in neural networks

Anders, Ulrich; Korn, Olaf - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1996

In this article we examine how model selection in neural networks can be guided by statistical procedures such as hypotheses tests, information criteria and cross validation. The application of these methods in neural network models is discussed, paying attention especially to the identification...

Persistent link: https://www.econbiz.de/10008567616

You can't be happier than your wife: happiness gaps and divorce

Guven, Cahit; Senik, Claudia; Stichnoth, Holger - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010

divorce. We use three panel databases to explore this question. Controlling for the level of life satisfaction of spouses, we …

Persistent link: https://www.econbiz.de/10008615607

How does EU cohesion policy work? Evaluating its effects on fiscal outcome variables

Hagen, Tobias; Mohl, Philipp - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

The impact of EU Cohesion Policy has mainly been evaluated with regard to its growth effects. We extend the perspective by investigating the impact of EU Cohesion Policy on public investments and budget deficits in order to learn more about the channels through which this policy field works....

Persistent link: https://www.econbiz.de/10008533546

The KfW/ZEW start-up panel: design and research potential

Fryges, Helmut; Gottschalk, Sandra; Kohn, Karsten - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

Bankengruppe and Creditreform set up a panel study of newly founded firms in Germany: the KfW/ZEW Start-up Panel. In each of the … yearly panel waves computer-aided telephone interviews (CATI) are conducted with about 6,000 start-up firms from almost all … industries. The KfW/ZEW Start-up Panel will for the first time enable profound analyses of the temporal development of newly …

Persistent link: https://www.econbiz.de/10008533547

Econometric evaluation of EU Cohesion Policy: a survey

Hagen, Tobias; Mohl, Philipp - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

More than one third of the European Union's total budget is spent on socalled Cohesion Policy via the structural funds. Its main purpose is to promote the development of the EU and to support convergence between the levels of development of the various European regions. Investigating the impact...

Persistent link: https://www.econbiz.de/10008533553

Do Computers Call for Training? Firm-level Evidence on Complementarities Between ICT and Human Capital Investments

Hempell, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003

programmes are complementary. Three approaches are applied to panel data from German service companies for the time period 1994 …

Persistent link: https://www.econbiz.de/10005097535

Socio-economic and demographic factors of crime in Germany: evidence from panel data of the German states

Entorf, Horst; Spengler, Hannes - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1998

currently discussed factors of crime like demographic changes, youth-unemployment and income inequality. We use a panel of the … East and West Germany. Our results are based on static and dynamic panel econometrics/criminometrics. They confirm the …

Persistent link: https://www.econbiz.de/10005097562

ICT, Innovation and Business Performance in Services: Evidence for Germany and the Netherlands

van der Wiel, Henry; van Leeuwen, George; Hempell, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004

Using panel data for German and Dutch firms from the services sector, this paper analyses the importance of ICT capital …

Persistent link: https://www.econbiz.de/10005097585

Does Experience Matter? Innovations and the Productivity of ICT in German Services

Hempell, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002

firms with innovative experience. In an analysis based on firm?level panel data covering the period 1994?99, system GMM …

Persistent link: https://www.econbiz.de/10005097592