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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
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
' 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
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
econometric analysis results, thus validating follow-up mailing costs. A test was created to maximize response rates and …
Persistent link: https://www.econbiz.de/10009464020
This dissertation contains three essays on risk aversion. In the first essay, we an-alyze comparative risk aversion in a new way, through a comparative statics problemin which, for a cost, agents can shift from an initial probability distribution towarda preferred distribution. The Ross...
Persistent link: https://www.econbiz.de/10009464852
This research examines a new methodology for prospectively estimating thewillingness of travelers to use a toll road by combining travel time saved with theincome of the prospective customer base. The purpose of the research is to facilitatenetwork level planning by allowing some reasonable...
Persistent link: https://www.econbiz.de/10009464917
Economic aspects of household recycling behavior and attitudes in City of Bryan are examined to improve solid waste management policies in the city. Using survey data collected by mail and personal interviews, residents’ attitudes towards solid waste management are analyzed, in general, and...
Persistent link: https://www.econbiz.de/10009465213
This paper is concerned with the empirical relationship between biodiversity conservation values and income. We use random effects panel models to examine the effects of income, and then GDP per capita, on willingness to pay for habitat and biodiversity conservation. In a meta-analysis, 145...
Persistent link: https://www.econbiz.de/10009465976
"The power sector in the south IndianState of Andhra Pradesh faces a significant supply deficit as well as restrictions in the national availability of fossil resources and grid capacity. Moreover, electricity supply is of low quality in terms of scheduled and unscheduled power cuts and peak...
Persistent link: https://www.econbiz.de/10009468480