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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

Stochastic modelling of random variables with an application in financial risk management

Moldovan, Max - 2003

The problem of determining whether or not a theoretical model is an accurate representation of an empirically observed phenomenon is one of the most challenging in the empirical scientific investigation. The following study explores the problem of stochastic model validation. Special attention...

Persistent link: https://www.econbiz.de/10009438314

Dynamic semiparametric factor models

Borak, Szymon - 2008

resultierende Faktor-Hedging von Barrier Optionen gerichtet. … volatility dynamics and resulting factor hedging of barrier options. …

Persistent link: https://www.econbiz.de/10009467069

Beitr?ge zum Risikomanagement in Wertsch?pfungsnetzwerken

Wiesent, Julia - 2011

Eine langfristige und nachhaltige Steigerung des Unternehmenswerts als zentrales Unternehmensziel fordert eine konsequente, wertorientierte Ausrichtung aller Unternehmensteile und -aktivit?ten. Das Risikomanagement, welches stets im Rahmen einer integrierten Betrachtung von Ertrags- und...

Persistent link: https://www.econbiz.de/10009482328

Intergenerational Discounting: A new Approach

Bayer, Stefan; Cansier, Dieter - 1998

In this paper, we analyze how to utilize discount rates in intergenerational projects. Firstly, neoclassical decision-making is depicted in Ramsey and overlapping-generations models (OLG-models). Afterwards we investigate the utilization of time preference rates and opportunity cost rates in an...

Persistent link: https://www.econbiz.de/10009475344

Generation Adjusted Discounting in Long-term Decision-making

Bayer, Stefan - 2000

Wir analysieren die Vorgehensweise bei der Diskontierung langfristiger Projekte. Unsere Untersuchungen zur reinen Zeitpräferenzrate, zur wachstumsbedingten Zeitpräferenzrate und zur Opportunitätskostenrate führen uns zu dem Ergebnis, daß bei langfristigen Projekten die Annahme eines...

Persistent link: https://www.econbiz.de/10009475364

Four Essays in Insurance

Sonnenholzner, Michael - 2005

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

Econometric model for Intraday Trading on the Spot Foreign Exchange Market, Considering Heavy Tails and Volatility Clustering

Serbinenko Anna - 2009

The research analyzes aspects of the spot forex intraday trading and the existing models based on macro fundamentals or describing market microstructure. Most of analysis is done on high frequency data, over an extensive period and on 70 currency pairs. A hybrid model based on microstructure...

Persistent link: https://www.econbiz.de/10009434490

Modeling dependency: application to currency

Aw, Ee Ling Grace - 2011

The primary purpose of this dissertation is to investigate the behavior of the elements of the foreign exchange market, the largest financial market in the world. Whilst the market itself is not new, the concept of currency as an alternative asset, is. Apart from growing awareness of the...

Persistent link: https://www.econbiz.de/10009434892

A Multivariate Integer Count Hurdle Model : Theory and Application to Exchange Rate Dynamics

Bien, Katarzyna; Nolte, Ingmar; Pohlmeier, Winfried - 2007

In this paper we propose a model for the conditional multivariate density of integer count variables defined on the set Zn. Applying the concept of copula functions, we allow for a general form of dependence between the marginal processes, which is able to pick up the complex nonlinear dynamics...

Persistent link: https://www.econbiz.de/10009471644

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