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and poverty on arson, in ways expected from theory. All findings support an economic model of crime. …
Persistent link: https://www.econbiz.de/10009429523
, where it persists even among large commercial operations. Six theoretical explanations for the observed correlation between …
Persistent link: https://www.econbiz.de/10009429545
In this paper, we extend the debate concerning Credit Default Swap valuation to include time varying correlation and co … that the time varying joint correlation matrix performed far superior as compared to the constant correlation matrix; the …
Persistent link: https://www.econbiz.de/10009430120
This thesis explores the role of emerging markets in investment portfolios. Could an investment portfolio consisting of emerging market securities have outperformed similar portfolios that did not contain emerging markets over recent years? Gathering data from January 1, 2009 to December 31,...
Persistent link: https://www.econbiz.de/10009430255
This half-semester course discusses decision theory and topics in game theory. We present models of individual decision …, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi …-stage games, sequential equilibrium, trembling-hand perfection, stability, signaling games, theory of auctions, global games …
Persistent link: https://www.econbiz.de/10009432546
This paper proposes a parsimonious approach to test non-linear dependence on the conditional mean and variance of hedge funds with respect to several market factors. My approach introduces non-linear dependence by means of empirically relevant polynomial functions of the factors. For comparison...
Persistent link: https://www.econbiz.de/10012530285
by the COVID-19 pandemic. To achieve this goal, the linear regression model was used in the analysis of the correlation … between total employment, real unit labor costs and total investment volume. As a result of determining the correlation …
Persistent link: https://www.econbiz.de/10012629807
The vast majority of crop and revenue insurance policies sold in the United States are single-crop policies that insure against low yields or revenues for each crop grown on the farm. But, increasingly, producer income is based more on the value of crops that have been converted into a...
Persistent link: https://www.econbiz.de/10009445759
Ziel der vorliegenden Arbeit ist die ökonomische Analyse der Regelungen zur Kreditvergabe an Unternehmen der Neuen Basler Eigenkapitalvereinbarung in der Version vom Januar 2001 („Basel II”). Der grundlegende Unterschied zwischen diesem Regulierungsentwurf und der momentan gültigen...
Persistent link: https://www.econbiz.de/10009467409
des Marktes hindeuten:¨ Das Kreditrisiko und dessen Portfolio-orientiertes Management wird auch in Zukunft immermehr an …
Persistent link: https://www.econbiz.de/10009471811