function. Job losses associated with the closure of military bases and defense plants raise issues of conversion. …

measures on the hedging strategies. For motivation and application purposes hedging in electricity markets is chosen, because … to the German Electricity markets. …

In principle, portfolio optimization in electricity markets can make use of the standard mean-variance model going back … to Markowitz. Yet a key restriction in most electricity markets is the limited liquidity. Therefore the standard model …

this thesis. In the first set of papers (chapters 2 and 3) I investigate the use of product standards in international … trade. Product standards relate to restrictions on the attributes of a product that must be satisfied before the product … becomes eligible to be sold in a particular market. The World Trade Organization ruling on product standards requires member …

hiring standards in response to changes in market conditions has been emphasized in a classical contribution by Reder and …, suggesting that market clearing in labor markets is achieved by a combination of wage adjustments and changes in hiring standards. …