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Four Essays on Debt Securitization and Entrepreneurial Finance
Weber, Thomas - 2008
Chapter 1 is joint work with Günter Franke, University of Konstanz, and Markus Herrmann, HSBC London, and addresses the question how collateralized debt obligation (CDO-) transactions are designed. An important issue is the information asymmetry about the quality of securitized debt between...
Persistent link: https://www.econbiz.de/10009471846
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Theoretical aspects of long-term evaluation in environmental economics
Traeger, Christian - 2006
Konsum. Im zweiten Teil der Arbeit wird ein verallgemeinertes Bewertungsmodell sowie ein neues Konzept der Risikoaversion … eingeführt. Dieses Konzept der intertemporalen Risikoaversion greift einen wichtigen Aspekt des Vorsichtsprinzips auf. Der dritte … schwacher Nachhaltigkeit. Der zweite Teil der Arbeit führt das Konzept der intertemporalen Risikoaversion in einem didaktisch …
Persistent link: https://www.econbiz.de/10009476176
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Essays in Behavioral and Experimental Economics
Dürsch, Peter - 2010
' performances depend on their opponents' learning algorithm. Furthermore, we test whether subjects try to influence those algorithms … Kooperation in einem einmaligen Spiel. Darüber hinaus finden wir keinen Hinweis darauf, dass Risikoaversion ein Faktor ist …, welcher die Entscheidung zu kooperieren beeinflusst. …
Persistent link: https://www.econbiz.de/10009476200
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Attribute exclusion strategies in airline choice : accounting for exogenous information on decision maker processing strategies in models of discrete choice
Rose, John; Hensher, David; Greene, William; … - 2011
We examine the impact of individual-specific information processing strategies (IPSs) on the inclusion/exclusion of attributes on the parameter estimates and behavioural outputs of models of discrete choice. Current practice assumes that individuals employ a homogenous IPS with regards to how...
Persistent link: https://www.econbiz.de/10009438188
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Discrete Choice Models in Preference Space and Willingness-to Pay Space
Train, Kenneth; Weeks, Melvyn - 2004
In models with unobserved taste heterogeneity, distributional assumptions can be placed in two ways: (1) by specifying the distribution of coefficients in the utility function and deriving the distribution of willingness to pay (wtp), or (2) by specifying the distribution of wtp and deriving the...
Persistent link: https://www.econbiz.de/10009442000
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Are Urban Consumers in China Ready to Accept Biotech Foods?
Lin, William W.; Somwaru, Agapi; Tuan, Francis; Huang, Jikun - 2006
Based on a large-scale survey conducted in 11 large and small eastern cities in 2002, this study employs ordered probit models to estimate the effects of demographic and socio-economic variables on the likelihood of biotech food acceptance in China. This study also employs a dichotomous choice...
Persistent link: https://www.econbiz.de/10009442530
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THE DYNAMIC FORMATION OF WILLINGNESS TO PAY: AN EMPIRICAL SPECIFICATION AND TEST
Corrigan, Jay R.; Kling, Catherine L.; Zhao, Jinhua - 2003
In a static setting, willingness to pay for an environmental improvement is equal to compensating variation. However, in a dynamic setting characterized by uncertainty, irreversibility, and the potential for learning, willingness to pay may also contain an option value. In this paper, we...
Persistent link: https://www.econbiz.de/10009443069
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Emerging Markets for GM Foods: A Study of Consumer's Willingness to Pay in India
Deodhar, Satish Y.; Ganesh, Sankar; Chern, Wen S. - 2008
A random utility approach is used to estimate logit equations which indicate what factors affect the likelihood of consumption of non-GM and GM foods, and, whether or not consumers are willing to pay a premium for non-GM/GM foods. Ceteris paribus as the price difference between non-GM and GM...
Persistent link: https://www.econbiz.de/10009443267
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Attribute processing in environmental choice analysis: implications for willingness to pay
Campbell, Danny; Lorimer, Victoria; Aravena, Claudia; … - 2010
Data from a discrete choice experiment is used to investigate the implications offailing to account for attribute processing strategies (APSs). The research was designed to elicit the economic benefits associated with landscape restoration activities that were intended to remediate environmental...
Persistent link: https://www.econbiz.de/10009443362
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Measuring Market Potential for Fresh Organic Fruit and Vegetable in Ghana
Owusu, Victor; Owusu, Michael Anifori - 2010
This paper examines the market potential for fresh organic lettuce and water melon with arecently collected data on consumers from Kumasi metropolis of Ghana. Using a doubleboundeddichotomous choice contingent valuation technique, consumer’s willingness topay is estimated with a Tobit model to...
Persistent link: https://www.econbiz.de/10009443629