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Persistent link: https://www.econbiz.de/10009449676
including scenarios, political risk and application of chaos theory. The paper outlines a framework for classifying shocks …
Persistent link: https://www.econbiz.de/10009448389
This article assesses the usefulness of transaction cost economics when we view economic organizations, such as firms as complex adaptive systems. Modern complexity science is a radically different in orientation to neoclassical economics, which deals with decision making in contexts that are...
Persistent link: https://www.econbiz.de/10009448627
chaos and complexity theory lens.Design/Methodology/Approach: Since chaos and complexity theories are proposed as a good …, using complexity theory tounderstand how to cope in complex, turbulent environments is necessary, but has not been widely … researched. In fact,most chaos and complexity theory work in marketing has concentrated on marketing strategy, with little …
Persistent link: https://www.econbiz.de/10009458962
marketsare complex adaptive systems, using complexity theory to increase understanding of how to cope incomplex and turbulent …
Persistent link: https://www.econbiz.de/10009458963
theory to develop marketing tactics could be helpful in turbulent environments.Research limitations/implications: The …
Persistent link: https://www.econbiz.de/10009458967
characteristic of chaos theory, sensitive dependence on initial conditions (the butterfly effect) is at work in word of mouth. This … paper reviews word of mouth literature from a chaos/complexity theory perspective. Using a multiple case study approach, the … mouth proactively, and that it is an effective marketing tool for turbulent environments. Furthermore, chaos theory is shown …
Persistent link: https://www.econbiz.de/10009458977
Three years after the seminal work of Black and Scholes on the pricing of European options, Scholes presented a paper in which the impact of taxation on the value of an option is analyzed. We restart this discussion in a simple binomial setting emphasizing the economic principles of replicating...
Persistent link: https://www.econbiz.de/10009452631
Jahresabschlusspolitik und -analyse darzustellen. These der Dissertation ist hierbei, dass derivative Finanzinstrumente und die mit ihnen …
Persistent link: https://www.econbiz.de/10009482293
In this thesis we discuss option pricing and hedging under regime switching models. To the standard model we add jumps of various types. In particular, we consider a jump that is synchronous with a change in the regime state. Thus, for example, we can define a process such that the stock price...
Persistent link: https://www.econbiz.de/10009484250