Lending is associated with credit risk. Modelling the loss stochastically, the cost of credit risk is the expected loss. In credit business the probability that the debtor will default in payments within one year, often is the only reliable quantitative parameter. Modelling the time to default...

We examine the impact of providing a 'no-choice' option in an attribute based valuation experiment. The aim of the experiment was to assess monetary values of cockle fishery management practices in the Dutch Wadden Sea for different stakeholder groups, namely Dutch citizens, local residents, and...

The paper focuses on the economic assessment of damages caused by high water in the city of Venice. In particular, we focus our attention on a valuation exercise that addresses the estimation of monetary, short period, on-site damages due to high water events on the different business activities...

With the increase of e-learning by universities and educational institutes in the world through more electronic platforms, come the questions to researchers, educators and designers of electronic platforms about feasibility and using this method of learning. Are we achieving the desired goals...

Für Unternehmen kann die Analyse von Credit Spreads, d.h. der Differenz zwischen den Renditen von Unternehmensanleihen und laufzeitäquivalenten risikolosen Anlagen, nützliche Informationen erbringen, da sich Veränderungen im Credit Spread auf ihre Finanzierungskonditionen auswirkt. Prof. Dr....

This paper examines the factors determining variations in spatial rates of overeducation. A quantile regression model has been implemented on a sample of region-yearly data drawn from the EU Survey on Income and Living Conditions (EU-SILC) and several institutional and macroeconomic features...

Deutschland wird von Teilen der Wissenschaft, der Politik und in der Öffentlichkeit Investitionsschwäche attestiert. Doch tatsächlich trifft dies nicht auf alle Bereiche der Investitionsentwicklung in Deutschland zu. Die Autoren arbeiten unterschiedliche Trends auf verschiedenen staatlichen...

This paper is motivated by our attempt to answer an empirical question: how is private health insurance take-up in Australia affected by the income threshold at which the Medicare Levy Surcharge (MLS) kicks in? We propose a new difference de-convolution kernel estimator for the location and size...

This article focuses on the economic valuation of alternative clam management practices in the Venice Lagoon. The proposed valuation method is characterized by the design of a survey questionnaire next to the fishermen population. In each questionnaire two fishing alternatives are described. The...

Cycles play an important role when analyzing market phenomena. In many markets, both overlaying (weekly, seasonal or business cycles) and time-varying cycles (e.g. asymmetric lengths of peak and off peak or variation of business cycle length) exist simultaneously. Identification of these market...