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Michaelis, Jochen - 2007

Persistent link: https://www.econbiz.de/10010266896

Zur Reform der Leistungsformen der Pflegeversicherung: Ein familienökonomischer Ansatz

Michaelis, Jochen - 2005

Die Verlagerung von der ambulanten zur stationären Pflege ist eine der Hauptursachen für die Ausgabensteigerungen der gesetzlichen Pflegeversicherung. Um diesen so genannten Heimsog zu reduzieren, haben die Pflegekassen ein Modellprojekt Personengebundenes Pflegebudgetinitiiert, das über ein...

Persistent link: https://www.econbiz.de/10010266902

Warum beobachten wir so wenig Arbeitnehmer-Gewinnbeteiligung?

Jerger, Jürgen; Michaelis, Jochen - 2007

Persistent link: https://www.econbiz.de/10010266910

Big elephants in small ponds: Do large traders make financial markets more aggressive?

Bannier, Christina E. - 2004

Market participants often suspect that large traders have a disproportionate effect on financial markets, increasing the aggressiveness of market responses. Prior studies have shown that the impact of a large trader on a currency crisis depends positively on his size and informational position....

Persistent link: https://www.econbiz.de/10010266914

Multiplicative background risk

Franke, Günter; Schlesinger, Harris; Stapleton, Richard C. - 2003

nontradable background risk, which represents a type of market incompleteness. Our main focus is on how the presence of the … multiplicative background risk y affects risk-taking behavior for decisions on the choice of x. We characterize conditions on …

Persistent link: https://www.econbiz.de/10010266917

A Multivariate Integer Count Hurdle model: Theory and application to exchange rate dynamics

Bien, Katarzyna; Nolte, Ingmar; Pohlmeier, Winfried - 2006

In this paper we propose a model for the conditional multivariate density of integer count variables defined on the set Zn. Applying the concept of copula functions, we allow for a general form of dependence between the marginal processes which is able to pick up the complex nonlinear dynamics...

Persistent link: https://www.econbiz.de/10010266919

Incentive contracts and hedge fund management

Hodder, James E.; Jackwerth, Jens Carsten - 2005

This paper investigates dynamically optimal risk-taking by an expected-utility maximizing manager of a hedge fund. We … find managerial risk-taking which differs considerably from the optimal risk-taking for a fund investor with the same … seemingly minor changes in the compensation structure can have major implications for risk-taking. Additionally, we are able to …

Persistent link: https://www.econbiz.de/10010266924

M&A-Transaktionen: Fluch und Segen der Realoptionstheorie

Franke, Günter; Hopp, Christian - 2005

Persistent link: https://www.econbiz.de/10010266925

An inflated Multivariate Integer Count Hurdle model: An application to bid and ask quote dynamics

Bien, Katarzyna; Nolte, Ingmar; Pohlmeier, Winfried - 2007

In this paper we develop a model for the conditional inflated multivariate density of integer count variables with domain Zn. Our modelling framework is based on a copula approach and can be used for a broad set of applications where the primary characteristics of the data are: (i) discrete...

Persistent link: https://www.econbiz.de/10010266935

Estimating high-frequency based (co-) variances: A unified approach

Nolte, Ingmar; Voev, Valeri - 2007

We propose a unified framework for estimating integrated variances and covariances based on simple OLS regressions allowing for a general market microstructure noise specification. We show that our estimators can outperform in terms of the root mean squared error criterion the most recent and...

Persistent link: https://www.econbiz.de/10010266938