Die Diskussion um Karl Marx ist lange Zeit nur ideologisch positionell geführt worden. Wer sich nicht als Gegner oder Befürworter der Marxschen Lehre erklärte, hatte es schwer, in dieser Diskussion Gehör zu finden. Im letzten Viertel des vorigen Jahrhunderts hat jedoch sowohl in...

This text was written as part of the project "Modelling of Complex Systems for Public Policy". It reviews the classical authors who jointly contributed to establish the elements of what could constitute a "science of complexity". Based on the original writings of these authors, the text...

This text was written as part of the project "Modelling of Complex Systems for Public Policy". It reviews the classical authors who jointly contributed to establish the elements of what could constitute a "science of complexity". Based on the original writings of these authors, the text...

This paper studies contributions to real estate research by individuals and institutions from 2000 to 2012. Specifically, we rank individuals by the total number of articles published in five well-known journals: Real Estate Economics, Journal of Real Estate Research, Journal of Real Estate...

In agency theory, offering a flat salary contract under unobservable effort creates a moral hazard problem because the agent is motivated to shirk and provide less than a previously agreed-upon level of effort. We examine a moral solution to this moral hazard problem. In particular, we present a...

The banking industry has grown tremendously in volume and complexity in the last few decades. A whole lot of improvements have been witnessed in the area relating to financial viability, profitability and competitiveness. Unfortunately, there are concerns or issues that banks have not been able...

This paper reviews the young but rapidly growing literature on sovereign credit default swap premia. A discussion of current debates in the academic and popular press hopefully raises thought-provoking questions with valuable insights for academics, policymakers and practitioners alike. The main...

In agency theory, offering a flat salary contract under unobservable effort creates a moral hazard problem because the agent is motivated to shirk and provide less than a previously agreed-upon level of effort. We examine a moral solution to this moral hazard problem. In particular, we present a...

This article introduces the special issue Empirical Behavioral Finance in the Journal of Economic Behavior and Organization (Volume 107, Part B, November 2014). It includes the results of a survey among reviewers and authors into the relative importance of different types of research within the...

In this paper we review the Vasicek and Hull-White 1 factor (HW1F) models. For each model we summarize the model stochastic process, solution and Gaussian or normal dynamics. For pricing purposes we might opt to use more advanced models, however for risk management and complex calculations such...