Diese Arbeit besteht aus vier Essays, die empirische und methodische Beiträge zu den Gebieten der Finanzmarktökonomik und der Makroökonomik liefern. Der erste Essay beschäftigt sich mit der Spezifikation der Investoren verfügbaren Informationsmenge in Tests bedingter Kapitalmarktmodelle. Im...

This dissertation consists of two essays studying macroeconomics questions about labor markets. The research in this document is separated into chapters that study distinct features of aggregate labor market outcomes.The first essay documents the change in behavior of fertility rate at business...

Chapters one and two of the dissertation investigate the effects of political disagreement on macroeconomic outcomes. I introduce a model of governments with heterogeneous preferences over the composition of consumption between private and public goods alternating in power. Unable to commit to...

In Deutschland werden mehr als 30 Prozent des Sozialprodukts für Soziales ausgegeben, und der Staat greift mit seinen Sozialgesetzen massiv in die Handlungsfreiheit seiner Bürger ein. In diesem Buch werden normative Begründungen sowohl für staatliche Umverteilungsmaßnahmen als auch für die...

We review some of the most significant issues and results on the economic effects of genetically modified (GM) product innovation, with emphasis on the question of GM labeling and the need for costly segregation and identity preservation activities. The analysis is organized around an explicit...

We develop a new partial equilibrium, four-region world trade model for the soybean complex comprising soybeans, soybean oil, and soybean meal. In the model, some consumers view genetically modified Roundup Ready (RR) soybeans and products as weakly inferior to conventional ones; the RR seed is...

Financial liberalisation, through increasing investment as well as the average productivity of capital, should stimulate economic growth, or so the theory goes. Bank lending unfortunately suffers adverse selection and moral hazard effects, to which the establishment and expansion of stock...

This thesis adds to the body of knowledge available to decision makers in highereducation by presenting a framework for why valuable sustainability projects are oftennot pursued on university campuses, and offers one approach to overcoming theperceived financial obstacles for making investments...

In this piece, I take issue with one of the fundamental tenets of law and economics as it has been used to justify gender discrimination in the pricing of life insurance and annuities, namely, that individuals should bear their own identifiable costs so as to avoid misallocation of society's...