Die Schweiz steckt mitten in der zweiten Welle der Covid-19-Pandemie. Die Ausbreitung des Virus und entsprechende gesundheitspolitische Massnahmen stellen die Wirtschaft wieder vor grosse Herausforderungen. Avenir Suisse zeigt in ihrer neusten Studie auf, welche Lehren aus der ersten Welle...

This paper estimates the demand for housing attributes of households located in the Greater Zurich area. A revealed-preferences approach is used, in which a structural hedonic model is identified and estimated. This approach explicitly accounts for the heterogeneity of preferences and for...

The paper applies spatial econometric techniques to measure the impact of airport noise on the price of single-family homes in the Zurich Airport area. We exploit a large database of geo-referenced noise measurements to investigate the reaction of prices to different noise metrics. The...

[abstract missing - contribution appeared in the programme]

Based on the APARCH model and two outlier detection methods, we computereliable time series of volatility asymmetry for 49 countries with relatively few ob-servations. Results show a steady increase in the asymmetry over the years for mostcountries. We nd that economic development and market...

This paper determines the value of asset tradeability in an option pricing framework.In our model, tradeability is valuable since it allows investors to exploit temporary mis-pricings of stocks. The model delivers several novel insights on the value of tradeability:The value of tradeability is...