This paper analyses the effects of EU regional policy transfer payments on net migration flows among the EU-28 countries. The hypothesis is tested that EU transfer payments do hamper internal migration across the EU. On the one hand, this is done by reestimating the results found by Egger,...

This paper reconsiders the economic explanation of EU regional policy from an evolution- ary perspective. It contrasts the neoclassical equilibrium notions of market and government failure with the prevalent evolutionary neo-Schumpeterian and Austrian-Hayekian perceptions. Based on this...

In this paper we investigate the profitability of ?skewness trades? and ?kurtosis trades? based on comparisons of implied state price densities versus historical densities. In particular, we examine the ability of SPD comparisons to detect structural breaks in the options market behaviour. While...

Durch das Interesse deutscher Unternehmen an einer weltweit einheitlichen Aktie hat sich in letzter Zeit eine Umstellung auf die Namensaktie durchgesetzt. Diese Entwicklung beruht einerseits auf der Verbesserung des Abwicklungssystems CASCADE RS der Clearstream Banking AG, Frankfurt am Main...