Retail banks usually apply simple linear regression models for describing the dynamics of the deposit rates of non-maturing accounts (NMA) like savings deposits. Thus, typical patterns like asymmetry or rigidity that banks follow when adjusting their deposit rates are ignored. This is insofar...

Retail banks usually apply simple linear regression models for describing the dynamics of the deposit rates of non-maturing accounts (NMA) like savings deposits. Thus, typical patterns like asymmetry or rigidity that banks follow when adjusting their deposit rates are ignored. This is insofar...

Abstract Conditional risk and acceptability mappings quantify the desirability of random variables (e.g. financial returns) by accounting for available information. In this paper the focus lies on acceptability mappings, concave translation-equivariant monotone mappings L p (Ω, F ,ℙ) →  L...

In this paper, we study mechanisms of poverty traps that can occur after large disaster shocks. Our starting point is a stylized deterministic dynamic model with locally increasing returns to scale possibly generating multiple equilibria paths with finite upper equilibrium. The deterministic...

Since the days of Lev Pontryagin and his associates, the discipline of Optimal Control has enjoyed a tremendous upswing - not only in terms of its mathematical foundations, but also with regard to numerous fields of application, which have given rise to highly active research areas. Few...

Energy Markets -- Introduction to Price Models for Energy -- Price Dynamics in Electricity Markets -- Price-Driven Hydropower Dispatch Under Uncertainty -- On Cutting Plane Algorithms and Dynamic Programming for Hydroelectricity Generation -- Medium-Term Operational Planning for Hydrothermal...

Multi-period risk functionals assign a risk value to discrete-time stochastic processes. While convexity and monotonicity extend in straightforward manner from the single-period case, the role of information is more problematic in the multi-period situation. In this paper, we define multi-period...