Some current research of derivative pricing is dedicated to artificial neural networks to generate market prices (see Breitner (2000 and 2001)) instead of analytical prices developed by Black, Scholes and Merton (1973) or Cox, Ross and Rubinstein (1979). Needed data are usually taken from...

Complex standard e-learning platforms and systems often suffer from inflexibility, an organizational overhead and high total costs of ownership. But customer and software quality orientation require individual solutions for some e-learning demands. This paper considers the design, development,...

Nomadic Computing stellt ein neues Paradigma der Computernutzung dar, in welchem der Nutzer von überall und zu jeder Zeit auf Daten, Informationen und Services zugreifen kann. Über diese Vision hinaus stellt sich die Frage der betriebswirtschaftlichen Analyse und Bewertung dieser Technologie....

Model risk as part of the operational risk is a serious problem for financial institutions.As the pricing of derivatives as well as the computation of the marketor credit risk of an institution depend on statistical models the application of awrong model can lead to a serious over- or...

Sportwetten werden in Deutschland in der Marktordnung eines Veranstaltungsmonopolsder öffentlichen Hand vergleichbar den Lotterien reguliert. Das Monopol wurde vom Bundesverfassungsgerichtim März 2006 in der bisherigen Form als rechtlich unzulässiges Fiskalmonopol verworfen. Demnach ist...

This paper examines employer-to-employer mobility by describing theindividual wage trajectories along the working career. The model, whichis designed to introduce optimal between-firm mobility, is based on thesearch, the matching, and the human capital theory. It is emphasizedthat hopping from...

Financial liberalisation has often failed in the past due to underestimated problems ofstructural change. We analyse such changes in lending behaviour of Thai commercialbanks during a liberalisation phase by way of unique micro data. Liberalisationhas expected positive effects, such as lowering...