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Bitcoin : Future Transaction Currency?
Hosain, Sajjad - 2018
Bitcoin is a digital cryptocurrency that has attracted substantial interest in recent years from the general people, profit seekers, risk takers, academic practitioners and last but not the least, from economists. Most recently, particularly, after 2015, it has succeeded to gain even more...
Persistent link: https://www.econbiz.de/10012913440
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Abc-Modell eines Ponzi-Systems
Parodi, Bernhard R. - Volkswirtschaftliche Fakultät, … - 2013
Ein analytisches Modell mit acht Parametern zur Beschreibung idealisierter Ponzi-Systeme mit asymmetrisch und progressiv wachsenden Kapitalzu- und -abflüssen wird präsentiert. Investoren bleiben optional zeitlich begrenzt oder dauerhaft investiert. Diverse Systemvarianten inklusive deren...
Persistent link: https://www.econbiz.de/10011110795
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Revisting the Rate of Change
Khumalo, Bhekuzulu - Volkswirtschaftliche Fakultät, … - 2009
The Mean Value Theorem is a great theory and guide for any body who deals with the rate of change. This paper aims to add something to the theory. Even a small addition is better than none, only time will tell the significance of the addition.
Persistent link: https://www.econbiz.de/10005035012
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Revisiting the Derivative: Implications on the Rate of Change Analysis
Khumalo, Bhekuzulu - Volkswirtschaftliche Fakultät, … - 2009
The aim of this paper is to raise concerns with the mathematical concept of the derivative as we know it. It raises … easily understood. The paper looks at linear and polynomial functions to illustrate that the derivative is not as precise as … simple derivative. It is the nature of polynomial functions that lead to the derivative not to be accurate and this paper …
Persistent link: https://www.econbiz.de/10005621634
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Managerial Responses to Incentives: Control of Firm Risk, Derivative Pricing Implications, and Outside Wealth Management
Jackwerth, Jens Carsten; Hodder, James E. - Volkswirtschaftliche Fakultät, … - 2008
We model a firm’s value process controlled by a manager maximizing expected utility from restricted shares and employee stock options. The manager also dynamically controls allocation of his outside wealth. We explore interactions between those controls as he partially hedges his exposure to...
Persistent link: https://www.econbiz.de/10005837504
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Optimal option pricing and trading: a new theory
Moawia, Alghalith - Volkswirtschaftliche Fakultät, … - 2009
We introduce a new utility-based approach to pricing European and American options. In so doing, we overcome some of the limitations of the existing models.
Persistent link: https://www.econbiz.de/10008633352
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Optimal option pricing and trading: a new theory
Moawia, Alghalith - Volkswirtschaftliche Fakultät, … - 2009
We introduce a new utility-based approach to pricing European and American options. In so doing, we overcome some of the limitations of the existing models.
Persistent link: https://www.econbiz.de/10008685171
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The Ideal Economy: A Prototype
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2013
Standard economics starts with behavioral assumptions that are formally expressed as axioms. This approach met with little scientific success but still enjoys some popularity for lack of a convincing alternative. To replace the subjective formal foundations by objective structural axioms is the...
Persistent link: https://www.econbiz.de/10011107375
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La spesa sanitaria Ssn in Italia e nel Lazio. Ricostruzione con la metodologia Ecofin-Ocse, 1990 - oggi
SALERNO, Nicola Carmine - Volkswirtschaftliche Fakultät, … - 2013
Ecofin and Oecd methodology is used to reconstruct the historical evolution of public current health care expenditure for Italy and Lazio (an Italian Region). The reconstructed evolutions allow to detect what have been the per-capita expenditures per age brackets in absolute values (Euro) in...
Persistent link: https://www.econbiz.de/10011108541
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Advances in Random Utility Models
Horowitz, Joel; Keane, Michael; Bolduc, Denis; Divakar, … - Volkswirtschaftliche Fakultät, … - 1994
In recent years, major advances have taken place in three areas of random utility modeling: (1) semiparametric estimation, (2) computational methods for multinomial probit models, and (3) computational methods for Bayesian stimation. This paper summarizes these developments and discusses their...
Persistent link: https://www.econbiz.de/10011109965