Im Rahmen dieser Arbeit wurden Ambiguitätsindikatoren aus Erkenntnissen der Ambiguitäts-, Medien- und Kommunikationsforschung abgeleitet, die ambige Informationszustände beschreiben bzw. unter denen eine erhöhte wahrgenommene Unsicherheit besteht oder entstehen kann. Diese lauten: Zu wenige...

The Clean Development Mechanism (CDM) was originally seen as an instrument with a bilateral character where an entity from an industrialised country invests in a project in a developing country (DC). Also, multilateral funds were envisaged that would bundle investments to spread project risks....

Weather derivatives (WD) are different from most financial derivatives because the underlying weather cannot be traded and therefore cannot be replicated by other financial instruments. The market price of risk (MPR) is an important parameter of the associated equivalent martingale measures used...

This is a comprehensive study of the growth and impact of agricultural futures market traders. The growth of financial investment in commodities has introduced participants and raised both new questions and warranted revisiting old questions; these include the impact on commodity prices, the...

The thesis thoroughly discusses the valuation of derivatives in the European cross-border electricity market. It covers two distinct electricity markets in Europe and discusses the two most important types of derivatives within the European cross-border electricity market. Moreover, this thesis...

No-till (NT) has been shown to reduce fuel, labor, and machinery costs compared to conventional-till (CT) but very few rice producers in Arkansas practice NT. The low adoption rate is most likely due to difficulties in management but also limited information on the profitability and risk of NT....

Replaced with revised version of paper 02/10/10.

In this dissertation, I investigate three related topics on asset pricing: the consumption-based asset pricing under long-run risks and fat tails, the pricing of VIX (CBOE Volatility Index) options and the market price of risk embedded in stock returns and stock options. These three topics are...

The risk premium has risen sharply in the nation's financial markets. This is the message to be drawn from the significant rise in interest rates in recent days -- notwithstanding a stagnant economy, slowing inflation, and credit demands which, overall, are only moderate. The economy is clearly...