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We consider a quasilinear parabolic equation with quadratic gradient terms. It arises in the modelling of an optimal portfolio which maximizes the expected utility from terminal wealth in incomplete markets consisting of risky assets and non-tradable state variables. The existence of solutions...
Persistent link: https://www.econbiz.de/10010263419
Europe are used in the empirical analysis, which is presented for the full data set, as well as for the three sub …
Persistent link: https://www.econbiz.de/10012611071
The fast growing EU market for investment funds is still characterised by a continuing relevance of national borders. This papers assesses this market?s degree of integration, the potential benefits from more integration and the obstacles to cross-border sales of funds. The analysis shows that...
Persistent link: https://www.econbiz.de/10010298094
This paper analyses the link between venture capitalists' sources of funds, such as banks and pension funds, and the specialization pattern of venture capital investments in particular industries and particular stages of enterprises' development. Based on a panel data set of Western European...
Persistent link: https://www.econbiz.de/10010260480
We present evidence of the impact of buy-side analysts on the behavior and performance of fund managers. Using data provided by a large global asset manager, we relate buy-side analysts' recommendations to fund transactions on a daily basis. Our results show that buy-side analysts have a...
Persistent link: https://www.econbiz.de/10010302544
marginal costs of steam coal supply in Europe. Increasing Chinese demand for steam coal will lead to a growing need for … especially affect nations mainly relying on imports, like for example Europe. We analyze the scope of this effect under different … long run marginal costs of supply for Europe and the US but significant effects for China. …
Persistent link: https://www.econbiz.de/10010293356
This paper provides an overview on the existing systems of natural hazards insurance in Europe, their structural …
Persistent link: https://www.econbiz.de/10010294830
study how cohort size has affected real earnings in Europe. When we pool the data of all countries, we find that cohort size …
Persistent link: https://www.econbiz.de/10010297452
) within Europe. However, along with the internationalization of Korean firms, the motives and patterns for direct investments … MNEs within Europe are analyzed. The main findings indicate that Germany is considered more important to automobile …
Persistent link: https://www.econbiz.de/10010302289
This study deals with the prevalence of single-parent- and stepfamilies in Europe and their linkages in cross … such that the share of single-parent families and stepfamilies is much higher in Europe´s northern countries. Eastern … Europe, however, includes countries in which the share of single-parent- and stepfamilies was extraordinarily high and …
Persistent link: https://www.econbiz.de/10011335339