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finance cycles? ?What are the crucial characteristics of an ?entrepreneurial university?? ?What are the main principles for …
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Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an 'economic' entity that they count in universal units of ‘utils’ or 'abstract labour', respectively....
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look at the problem of calibrating financial models, measuring the model uncertainty of a claim and choosing an optimal … uncertainty. Using the framework for market risk measures we propose axioms for new classes of model uncertainty measures. Similar … to the market risk case, we prove representation theorems for coherent and convex model uncertainty measures. Example …
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use of informal financing.Finally, the uncertainty concept helps us to understand the reasons for a limitation of Russian …
Persistent link: https://www.econbiz.de/10012148478
Crowdfunding challenges the traditional separation between finance and marketing. It creates economic value by reducing … demand uncertainty, which enables a better screening of positive NPV projects. Entrepreneurial moral hazard threatens this …
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