We study the impact of transparency on liquidity in OTC markets. We do so by providing an analysis of liquidity in a corporate bond market without trade transparency (Germany), and comparing our findings to a market with full post-trade disclosure (the U.S.). We employ a unique regulatory...

We study price dispersion and venue choice in the interdealer market for German sovereign bonds, where an exchange and over-the-counter segments coexist. We show that 85% of OTC traded prices are favorable with respect to exchange quotes, indicating the prevalence of an OTC discount. This...

In der heutigen Zeit ist es wichtig mit den Ressourcen sparsam umzugehen. Deshalb wird in dieser Projektarbeit im Fach Industrial Ecology die Ressourcen- und Energieeffizienz der Hochschule Reutlingen untersucht. Mit dem Aufzeigen der Potentiale in diesem Bereich können Kosten eingespart und...

Matching uncertain demand with capacities is notoriously hard. Operationsmanagers can use mix-flexible resources to shift excess demands to unused capacities.To find the optimal configuration of a mix-flexible production network, aflexibility design problem (FDP) is solved. Existing literature...