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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

Essays in Behavioral and Experimental Economics

Dürsch, Peter - 2010

Kooperation in einem einmaligen Spiel. Darüber hinaus finden wir keinen Hinweis darauf, dass Risikoaversion ein Faktor ist …

Persistent link: https://www.econbiz.de/10009476200

Imperfect competition in product markets and labor markets, general equilibrium and unemployment

Schniewind, Achim - 2000

In this thesis it is analyzed if promoting product market competition can help to to fight unemployment in Europe. We have used a general equilibrium model in order to study how reducing mark-ups and increasing productivity in one sector affect aggregate unemployment for an exogenously given...

Persistent link: https://www.econbiz.de/10009476214

Theoretical aspects of long-term evaluation in environmental economics

Traeger, Christian - 2006

economics, decision theory, the economics of sustainability and cost benefit analysis. The thesis is structured in three parts … 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 …

Persistent link: https://www.econbiz.de/10009476176

The Role of Exchange Rates in the Intertemporal Risk-Return Relation in International Economies

Bali, Turan G.; Wu, Liuren - 2005

This paper investigates the role of currency denomination in the the intertemporal risk-return relation among G7 countries. Similar to the findings of previous studies, our estimation also shows that the financial markets of the G7 countries are integrated. We obtain significant pricing...

Persistent link: https://www.econbiz.de/10009440704

The Aggregate Dynamics of Capital Structure and Macroeconomic Risk

Bhamra, Harjoat S.; Kuehn, Lars-Alexander; Strebulaev, … - 2008

We study the impact of time-varying macroeconomic conditions on optimal dynamic capital structure and the aggregate dynamics of firms in a cross-section. Our structural-equilibrium framework embeds a contingent-claim corporate financing model within a standard consumption-based asset- pricing...

Persistent link: https://www.econbiz.de/10009441273

Modeling farmer participation to a revenue insurance scheme by means of Positive Mathematical Programming

Severini, Simone; Cortignani, Raffaele - 2011

European farmers face increasing income uncertainty and the debate is growing on the role of insurance schemes and of public support in this field. This debate is further stimulated by the perspective of introducing instruments to cope with risk also in the Common Agricultural Policy. Therefore,...

Persistent link: https://www.econbiz.de/10009442282

A Theoretical and Empirical Analysis of Conservation Reserve Program Participation under Uncertainty

Isik, Murat - 2005

This paper develops theoretical and empirical models to understand how farmers formulate their participation strategies when deciding to enroll in the Conservation Reserve Program (CRP) under uncertainty. A theoretical model is employed to obtain the impacts of various factors on the optimal...

Persistent link: https://www.econbiz.de/10009442934

Insights into Trader Behavior: Risk Aversion and Probability Weighting

Mattos, Fabio; Garcia, Philip; Pennings, Joost M.E. - 2007

The objective of this study is to investigate how professional traders in futures and optionsmarkets behave under risk and uncertainty. Our preliminary findings suggest that most tradersexhibit concave utility functions for gains and convex utility functions for losses, while theirweighting...

Persistent link: https://www.econbiz.de/10009443335

ENVIRONMENTAL REGULATION AND THE OPTIMAL LOCATION OF THE FIRM UNDER UNCERTAINTY

Isik, Murat - 2003

This paper examines the optimal location of a competitive firm in response to environmental costs imposed by the abatement investment and taxes when the cost of the environmental regulation varies spatially under uncertainty. It contributes to the literature by incorporating the spatial setting...

Persistent link: https://www.econbiz.de/10009443408

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