Narrow search
Showing 1 - 10 of 12,306
Cover Image
A note on Wick products and the fractional Black-Scholes model
Björk, Tomas; Hult, Henrik - 2005
In some recent papers, such as Elliott & van der Hoek, Hu & Öksendal, a fractional Black-Scholes model have been proposed as an improvement of the classical Black-Scholes model. Common to these fractional Black-Scholes models, is that the driving Brownian motion is replaced by a fractional...
Persistent link: https://www.econbiz.de/10010281205
Cover Image
Liberalisation of network industries: Is the electricity sector an exception to the rule?
Coppens, François; Vivet, David - 2004
telecommunications is in line with micro-economic theory, which predicts an increase in efficiency and lower prices when markets are …
Persistent link: https://www.econbiz.de/10011506581
Cover Image
Sustainability of the theories developed by mathematical finance and mathematical economics with applications
Wong, Wing Keung (contributor) - 2020
The topics studied in this Special Issue include a wide range of areas in finance, economics, tourism, management, marketing, and education. The topics in finance include stock market, volatility and excess returns, REIT, warrant and options, herding behavior and trading strategy, supply...
Persistent link: https://www.econbiz.de/10012431046
Cover Image
Governing structural change and externalities in agriculture: toward a normative institutional economics of rural development
Petrick, Martin - 2004
The paper aims at a conceptual contribution to the normative economic analysis of rural de-velopment (RD) policies. RD is regarded as a problem of interaction between individuals; (lacking) structural change or the (missing) integration of externalities are therefore recon-structed as...
Persistent link: https://www.econbiz.de/10010299352
Cover Image
Auf dem Weg zur weltanschaulichen Bekenntnisschule: Das wirtschaftspolitische Leitbild der Hochschule Pforzheim
Maurer, Rainer - 2015
Dieses Diskussionspapier beleuchtet die PRME-Verpflichtung der Hochschule Pforzheim und die daraus resultierenden Probleme (Abschnitt 2) aus vier Perspektiven: der erkenntnistheoretischen (Abschnitt 3), der erfahrungswissenschaftlichen (Abschnitt 4), der juristischen (Abschnitt 5) und einer...
Persistent link: https://www.econbiz.de/10011327906
Cover Image
Tax Morality and Progressive Wage Tax
Simonovits, András - 2010
We analyze the impact of tax morality on progressive income (wage) taxation. We assume that transfers (cash-back) and public expenditures are financed from linear wage taxes. We derive the reported wages from individual utility maximization, when individuals obtain partial satisfaction from...
Persistent link: https://www.econbiz.de/10010494425
Cover Image
Cephoids: Minkowski sums of deGua Simplices : Theory and applications
Rosenmüller, Joachim - 2019
Research (Optimization), in Mathematical Economics (Free Trade theory), and in Cooperative Game Theory. In particular, in the … context of Cooperative Game Theory the notions of a Cephoid serves to construct "solutions" or "values" for bargaining …
Persistent link: https://www.econbiz.de/10012388846
Cover Image
Stationäre Bevölkerungen: Anwendungsmöglichkeiten finanzmathematischer und demographischer Methoden zur Analyse des Einflusses von Wanderungen auf die langfristige Bevölkerungsentw...
Pflaumer, Peter - 1993
Finanzmathematische und demographische Methoden werden präsentiert, um den Einfluß von Wanderungen auf die langfristige Bevölkerungsentwicklung zu präsentieren. Finanzmathematische Methoden berücksichtigen nicht die Altersstruktur einer Bevölkerung und können daher nur als Approximation...
Persistent link: https://www.econbiz.de/10010398156
Cover Image
Multivariate Copula Models at Work: Outperforming the desert island copula?
Fischer, Matthias J.; Köck, Christian; Schlüter, Stephan - 2007
Since the pioneering work of Embrechts and co-authors in 1999, copula models enjoy steadily increasing popularity in finance. Whereas copulas are well-studied in the bivariate case, the higher-dimensional case still offers several open issues and it is by far not clear how to construct copulas...
Persistent link: https://www.econbiz.de/10010299767
Cover Image
Das Äquivalenzprinzip der Finanzmathematik
Walther, Ursula - 2002
Das Äquivalenzprinzip der Finanzmathematik vergleicht und bewertet Zahlungsströme. Dazu ist eine Bewertung von Zeit und … Darstellungsweise gibt einen einheitlichen formalen Rahmen. In der Finanzmathematik wird Zeit durch Verzinsung bewertet. Bei der … two approaches. The classical Bernoulli's rule rests on individual preferences while modern capital market theory offers a …
Persistent link: https://www.econbiz.de/10010305677