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In dieser Arbeit setzen wir uns mit den Auswirkungen von Risikobeschränkungen auf das optimale Verhalten eines Investors auseinander, welcher versucht, den erwarteten Endnutzen zu einem festgelegten Zeitpunkt zu maximieren. Dazu kann er ein vorgegebenes Anfangsvermögen in einem Markt...
Persistent link: https://www.econbiz.de/10009462193
steigern. Eine Divergenz im systemischen Risiko kann zu einer Divergenz im Versicherungsangebot führen. Eine öffentliche …­kosten als Hofertragsversicherungen. Letztere können aber, abhängig von den Selbstbeteiligungen, das Risiko der Landwirte stärker …
Persistent link: https://www.econbiz.de/10009429007
, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi …This half-semester course discusses decision theory and topics in game theory. We present models of individual decision …-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance …
Persistent link: https://www.econbiz.de/10009432546
This paper introduces a behavioural model and an algorithm that allow define classes of investors and draw the size each of them from financial data. The nonparametric pricing kernel estimated from stocks and options quotes allows to derive an estimate of the market utility. At the micro level...
Persistent link: https://www.econbiz.de/10009467010
. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in highflooding risk areas versus farmers located in … low flooding risk areas is followed. Changes in flooding risk relatedbehaviour over time is analysed and marginal effects …
Persistent link: https://www.econbiz.de/10009442826
the complete risk management process. An Example from a mechanical engineering company is used for the final validation of …
Persistent link: https://www.econbiz.de/10009467405
-Walrasian disequilibrium approach and describe optimizing agents. These agents use chance constraints which depict a Cash Flow at Risk approach …
Persistent link: https://www.econbiz.de/10009449067
The potential for economic agents to minimize risk through diversification is central to the study of finance. This … dissertation analyzes the ability to diversify risks in an international context by studying risk sharing opportunities on two … risk, I find that comparable to the well documented phenomenon in equity markets, a similar home bias can also be found in …
Persistent link: https://www.econbiz.de/10009439199
then highlights a new mechanism, the hedging of labor income risk in the presence of agency problems, by which weak …
Persistent link: https://www.econbiz.de/10009477490
I study several policy instruments for carbon mitigation with a focus on subsidies for renewable energies, emission taxes and emission allowances. In Chapter 1, I analyze the optimal design and the welfare implications of two policies consisting of an emission tax for conventional fossil-fuel...
Persistent link: https://www.econbiz.de/10009429024