The book explains the problem of insufficient capital accumulation and growth in a less developed country. In conventional analyses, such explanations are often found exogenised in terms of factors such as socio-cultural attitudes towards saving and investment, irrationality of peasant...

This book offers a novel perspective that allows to incorporate changing consumption and production structure into models of economic growth. Starting from the empirical observation that income and consumption structure are closely related, it develops a tractable theoretical framework which...

Traditionelle Derivatbewertung -- Bewertung auf unvollständigen Märkten -- Wachstumsmaximierung -- Wachstumsorientierte Portfolioplanung -- Wachstumsorientierte Bewertung -- Wachstumsorientierte Reservationspreise -- Zusammenfassung.

This book provides an empirical and theoretical examination of the short- and medium run impacts of technological advances on the employment and wages of workers which differ in their earned educational degree. Furthermore, by introducing labor market frictions and wage setting institutions the...

/ Motivation -- Layoutplanung / Innerbetriebliche Standortplanung -- Slicing Trees in der Layoutplanung -- Gemischt-ganzzahlige lineare Layoutplanungsmodelle -- Slicing Tree basiertes Tabu-Search-Verfahren -- Fix-and-Optimize Heuristik zur Layoutoptimierung -- Layoutplanung – Eine praktische...

Here, two highly experienced authors present an alternative approach to optimal stopping problems. The basic ideas and techniques of the approach can be explained much simpler than the standard methods in the literature on optimal stopping problems. The monograph will teach the reader to apply...

Jaroslaw Morawski offers a practicable and theoretically well-founded solution to the problems encountered when investing in illiquid assets and develops a model of the liquidation process for this category of investments. The result is a coherent investment decision framework designed...

Presents the results of an empirical investigation of the behaviour of Hungarian firms during the transition process focusing in particular on the role of financial market imperfections for corporate capital structure and investment decisions