Consider the problem of maximizing the revenue from selling a number of goods to a single buyer. We show that, unlike the case of one good, when the buyer's values for the goods increase the seller's maximal revenue may well decrease. We then identify two circumstances where monotonicity does...

The article focuses on the analysis of economic growth of Ukraine and its regions, using the proposed by the authors indicators of quality and indicators of the population living standards under innovation growth. The main purpose of the research is developing a method of multi-factor assessment...

What began as a single COVID-19 case in China in late 2019 quickly spread around the globe in the first quarter of 2020. While the impact on the world\'s health systems is unknown, the economic toll remains also remains unknown as the world grapples with an unprecedented global recession. This...

This paper focuses on the valuation and hedging of gas storage facilities, using a spot-based valuation framework coupled with a financial hedging strategy implemented with futures contracts. The contributions of this paper are two-fold. Firstly, we propose a model that unifies the dynamics of...

Finanzkrisen der jüngsten Zeit zeichnen sich durch einen starken Gleichlauf der Entwicklung der Kreditvergabe am privaten Immobilienmarkt mit der Entwicklung der Immobilienpreise aus. Der Aufsatz untersucht den Zusammenhang zwischen Immobilienpreisen, Verschuldung, Finanzkrisen und den...

Seit Mitte des 20. Jahrhunderts nimmt die makroökonomische Bedeutung von Immobilienvermögen in vielen Ländern zu. Ins Blickfeld rückt damit auch die Verteilung des Immobilienvermögens und ihr Einfluss auf die Vermögens- und Einkommensungleichheit. In unserem Beitrag beleuchten wir...

Vor dem Hintergrund stark steigender Boden- und Wohnraumpreise in attraktiven deutschen Großstädten werden seit einigen Jahren intensive Debatten über die Eigentumsverhältnisse an innerstädtischen Grundstücken geführt. Zunehmend mehr Gehör konnten sich zuletzt jene Stimmen verschaffen,...

This paper analyses the highly under-researched German residential real estate market. Quality- and spatial-adjusted price and liquidity indices are calculated separately for the investment and rental market on a regional basis. Applying the “Partitioning Around Medoids (PAM)” clustering...

Many scholars underline the significance of clusters for knowledge spillovers and related benefits in terms of innovation and firm competitiveness. The Industry 4.0 technological scenario emphasizes dispersed technologically interconnected activities and distributed knowledge management...

Ex-ante regulations and ex-post liabilities for using a new technology will induce additional costs for adopters. The standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of negotiating possible cost reductions. The case analysed is...