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The dissertation highlights different topics of equity trading in limit order books using the example of Deutsche Boerse's electronic trading system XETRA. The first introductory chapter is a straight forward discussion of the profitability of exchange trading for both the exchange operator and...
Persistent link: https://www.econbiz.de/10009475366
This thesis contains four essays which are all from the broader field of insurance economics. The chapters can be read independently, although there is a certain connection between the articles. Chapter 2, which deals with moral hazard, and chapter 3, which is on oligopolistic models in the...
Persistent link: https://www.econbiz.de/10009451144
Im Fahrzeugbau und im Verkehrswesen hat die praktische Umsetzung von Ubiquitous Computing Technologien einen hohen Grad erreicht. Unter diesem Begriff ist die Ausstattung unterschiedlicher Gegenst?nde mit Prozessoren und Sensoren zu verstehen, welche in der Lage sind, Daten ?ber ihren eigenen...
Persistent link: https://www.econbiz.de/10009482327
We explore in this paper the consequences of status seeking preferences among agentscontracting with a private principal in the context of production. We examine in particular the case of envy and we show that in general envy entails augmented distortions due to asymmetric information in optimal...
Persistent link: https://www.econbiz.de/10009444735
Krankenversicherung (GKV) daher die Forschungsfrage, ob in einer marktwirtschaftlichen Ordnung Generationengerechtigkeit umgesetzt wird … bzw. wer von ihrer Umsetzung einen Nutzen hat.Zun?chst wird auf Grundlage der Theorie der Neuen Politischen ?konomik … evaluated from the point of view of public choice theory to see if, and if yes, to what extent, it is intergenerationally …
Persistent link: https://www.econbiz.de/10009485591
Die Arbeit setzt sich aus acht Kapiteln zusammen, die jeweils auf eigenst?ndigen Beitr?gen basieren. Die Beitr?ge insgesamt besch?ftigen sich mit der Fragestellung, wie der Nationalstaat, die Individuen und die Unternehmen gemeinsam aktuellen wirtschafts- und sozialpolitischen Herausforderungen...
Persistent link: https://www.econbiz.de/10009484802
'public finance', 'political economy', 'growth theory', 'human capital theory', and 'innovation-driven growth theory …'.The first project reveals that the prevailing notion of education externalities is misleading and therefore empirical … externalities of education according to Lucas (1988) are likely to be internalized on the labor market. Education is recognized as a …
Persistent link: https://www.econbiz.de/10009475316
The average investor reaction is neutral to primary offerings by firms with managerial incentives closely tied to the shareholder value. Investors react negatively (1) when there are insufficient managerial ownership stakes to deter misuse of SEO proceeds and (2) when there are negative signals...
Persistent link: https://www.econbiz.de/10009476931
This dissertation includes two essays on adverse selection and moral hazard problems in reinsurance markets. The first essay builds a competitive principal-agent model that considers adverse selection and moral hazard jointly, and characterizes graphically various forms of separating Nash...
Persistent link: https://www.econbiz.de/10009463429
Persistent link: https://www.econbiz.de/10009449689