[...]Our first suggestion is to reduce the fragmentation oftrading in STRIPS by assigning the same CUSIP number to allSTRIPS maturing on a common date—thus making thoseSTRIPS fungible with each other. In addition to enhancing theliquidity of the STRIPS market, this action would ensure...

This paper contributes to the ongoing discussion on price formation in electricity markets. For this, we conduct an analysis of the German electricity wholesale spot market which is located at the European Energy Exchange (EEX). Our dataset covers three spot market segments, namely the intraday...

The 19th century was a period of great transformations for Italy. Political unification was achieved in 1861 while economic unification was still far off. Ever since, Italian industrialization has been unbalanced, as the pre-existing gap between Northern and Southern economic development has...

Horizontale Unternehmenszusammenschlüsse werden aus unterschiedlichen Motiven undmit unterschiedlichen Ergebnissen durchgeführt. Abbildung 1 zeigt die Zahl der Zusammenschlüssein der Bundesrepublik Deutschland in den letzten 10 Jahren. Die horizontalenZusammenschlüsse machen dabei etwa...