better than the Fama-French model in pricing equity returns. Dr. Gaston Michel promovierte am Stiftungslehrstuhl für Asset … returns. (John Cochrane in Asset Pricing, 2001). The ongoing debate in the financial economics literature between rational and … irrational asset pricing theories highlights the importance of this task.Gaston Michel aims at supporting the rational asset …

fundamental questions that this book aims to address. Under which conditions could carbon pricing schemes contribute to a … significant decrease in emissions? What are the new investment strategies that the Kyoto Protocol and the emerging carbon pricing … tools necessary to answer these and other related questions in the context of the so-called environmental finance theory …

historical backtesting. Several real options are investigated and combined with various pricing tools and stochastic term … shows that the assumption of a constant interest rate in real options valuation is not justifiable. All necessary theory is …

update during the development process. It is one of the first comprehensive models that combine statistical decision theory …

application of option pricing techniques to corporate taxation. … marketing programs. The second novelty is represented by the application of option pricing techniques to corporate taxation. To …