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risks premiums, two of hedonic wage functions used objective measures of fatality risk, one subjectively perceived risk. We … mortality risk. The implied value of VSL is 60 million CZK for the model with subjectively perceived risks and 266 million CZK …
Persistent link: https://www.econbiz.de/10008754956
The authors' approach to the ethical and political aspects of inter-temporal interactions is the following: 1) Two representative agents Ra and Râ are analyzed and asymmetries in their wealth and voting powers are dealt with by a the text-book tool of a welfare function - its intra and...
Persistent link: https://www.econbiz.de/10005036675
The dramatically growing disproportion between the value of corporate assets and market valuation has resulted in a well-researched schism between strategic management and financial theory. Options theory provides a potent tool to resolve this issue. We propose a model which is consistent with...
Persistent link: https://www.econbiz.de/10005258060
The power-generation industry offers numerous opportunities to apply real options. This paper uses current empirical market data to estimate the value of flexibility in the Czech energy sector, which can serve to compare available technologies, and support various investment decisions. The model...
Persistent link: https://www.econbiz.de/10009398902
This paper summarizes the major events in the recent history of modelling human decisions under risk. After presenting … prospect theory either, so that a model which would explain all evidence on decisions under risk is still to be found. …
Persistent link: https://www.econbiz.de/10005673608
This paper considers various options replication methods. Firstly, a specific type of barrier option, an up-and-out call, is considered. Other barrier options are briefly also described, and various types of barriers are considered. Secondly, a general definition of replication methods is...
Persistent link: https://www.econbiz.de/10008549672
The paper considers company performance measures and the development of the Economic Value Added (EVA) indicator in volatile economies, particularly in the case of the Czech Republic. Methods used for pyramidal analysis, their assumptions, and their application possibilities are discussed. A...
Persistent link: https://www.econbiz.de/10008549911
Hedging strategies represent basic instrument used toward eliminating financial risk. Increasing volatility of … select hedging strategies. Five basic hedging strategies ? delta hedging, minimum variance, minimum value at risk, maximum … portfolios consisting of risk assets (share, bond, commodity price, and exchange rate) and hedged assets (financial derivative …
Persistent link: https://www.econbiz.de/10008495620