This thesis examines the financing and construction arrangements of the recently designed Airport Link project in Brisbane, Australia. The central hypothesis of the thesis is that the equity risk premium, combined with the public nature of toll roads, makes private financing of this kind of...

Es wurde ein Wertpapiermarktmodell entwickelt, in dem Preise explizit in Abhängigkeit der Konsumentenspezifikationen determiniert sind. Die Struktur der überlappenden Generationen diente der Erzeugung von Handel zwischen jungen und alten Konsumenten. Dabei spielte es keine Rolle, ob die...

The consumption capital asset pricing model is the standard economic model used to capture stock market behavior. However, empirical tests have pointed out to its inability to account quantitatively for the high average rate of return and volatility of stocks over time for plausible parameter...

Im Rahmen dieser Arbeit wurden Ambiguitätsindikatoren aus Erkenntnissen der Ambiguitäts-, Medien- und Kommunikationsforschung abgeleitet, die ambige Informationszustände beschreiben bzw. unter denen eine erhöhte wahrgenommene Unsicherheit besteht oder entstehen kann. Diese lauten: Zu wenige...

The Clean Development Mechanism (CDM) was originally seen as an instrument with a bilateral character where an entity from an industrialised country invests in a project in a developing country (DC). Also, multilateral funds were envisaged that would bundle investments to spread project risks....

Rice is a major cash crop in eastern Arkansas, but most rice acres are intensively cultivated and grown on rented land. No-till is an effective means of sequestering soil carbon and reducing greenhouse gas emissions, and economic incentives exist for no-till in the form of carbon credits....

No-till (NT) has been shown to reduce fuel, labor, and machinery costs compared to conventional-till (CT) but very few rice producers in Arkansas practice NT. The low adoption rate is most likely due to difficulties in management but also limited information on the profitability and risk of NT....

Replaced with revised version of paper 02/10/10.

Weather derivatives (WD) are different from most financial derivatives because the underlying weather cannot be traded and therefore cannot be replicated by other financial instruments. The market price of risk (MPR) is an important parameter of the associated equivalent martingale measures used...