...Angesichts der Tatsache, dass die beiden "Autonationen" älter werden,liegt es auf der Hand zu untersuchen, vor welche Herausforderungen dieAlterung der Bevölkerung die Automobilindustrie stellt.

Internetauftritte sind für die Marketingaktivitäten, die Kundeninteraktion und den Vertrieb von zunehmender Bedeutung für Unternehmen. Web-Sites stellen eine wichtige Schnittstelle zum Kunden dar, deren Qualität durch die wachsenden Onlineumsätze und die steigenden Zahlen von...

In England, across the whole period of the Great Debasement, the mint issued six different kinds of silver coins and three kinds of gold coins. According to Gresham’s Law, coins with the same face value but different intrinsic values can not circulate side by side for too long: only those...

This paper reassesses and extends Hawke’s passenger railway social savings for England and Wales. Better estimates of coach costs and evidence that third class passengers would otherwise have walked reduce Hawke’s social savings by two-thirds. We calculate railway speeds, and the amount and...

We introduce and study no-good-deal valuation bounds defined in terms of expected utility. A utility-based good deal is a payoff whose expected utility is toohigh in comparison to the utility of its price. Forbidding good deals induces, viaduality, restrictions on pricing kernels and thereby...

We study the exponential utility indifference valuation of a contingent claim B in an incomplete market driven by two Brownian motions. The claim depends on a nontradable asset stochastically correlated with the traded asset available for hedging. We use martingale arguments to provide upper and...

The aim of this study is to develop a general equilibrium framework linking real estate prices to the real economy. The model is evaluated in terms of its ability to explain: (i) the high volatility of residential real estate prices, (ii) the fact that commercial real estate prices are more...