E-Dissertationen: Browsing E-Dissertationen by Issue Date
Now showing items 1-20 of 291
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Lévy Processes in Finance: The Change of Measure and Non-Linear Dependence
(2005)This thesis deals with applications of Lévy processes in the field of mathematical finance. The class of Lévy processes generalizes the widely used Brownian motion in the sense that the distribution of their increments can ... -
Essays on Macroeconomic Consequences of Financial Frictions
(2006)Considerable empirical evidence has demonstrated strong linkages between the financial sector and the real production sector of an economy. A huge theoretical literature has emerged since 1970s for the understanding of ... -
Deregulation and Bank Performance: An Empirical Study for the US
(2006)Recent deregulation tide has greatly changed the landscape of global banking industry. The idea of “universal banking” or “financial supermarket” is gaining appeal in many countries in the world. US, the world’s biggest ... -
Three Essays on Political Institutions, Inequality, and Economic Growth
(2006)Why are some countries much richer than others? Why do some economies grow faster than others? Economists have asked these trite yet crucial questions for more than one century. In recent years, more and more economists ... -
Essays in Equilibrium Search Theory
(2006)Equilibrium search models have provided many insights in the analysis of labor markets and consumer product markets. While much research has been conducted on the basis of random matching, the essays in this thesis put ... -
Market Behavior and Market Interaction under Incomplete Information: Theory and Empirical Implications
(2007)Chapter 1 deals with the question of how buyers behave in the presence of uncertainty about the distribution of prices. To this end, we consider a model of a big, decentralized auction market in which two types of agents ... -
Modeling the Dynamics of Stock Prices Using Realized Variation Measures
(2007)Recently, the availability of high-frequency financial data has opened new research directions for modeling the volatility of asset returns. In particular, building on the theory of quadratic variation, the high-frequency ... -
Essays on International Policy Coordination in Interdependent Economies
(2007)Throughout the last couple of decades the world has experienced a strong and steady increase in the economic interdependence among national economies. Accordingly, national monetary and fiscal policies are also subject to ... -
Dynamic Matching and Bargaining Games: Towards a General Perspective
(2007)"<i>Nature</i> makes no jumps," according to a famous saying - but what about economies? Is <i>economic</i> welfare continuous in the size of the frictions of trading and do the welfare theorems hold approximately when ... -
Information and Incentives in Organizations
(2007)This thesis asks about the value of information for providing incentives in principal agent models with hidden action and limited liability. The classical literature deals with information in the form of signals that the ... -
Risk Management of Life Insurance Contracts with Interest Rate and Return Guarantees and an Analysis of Chapter 11 Bankruptcy Procedure
(2007)Equity-linked life insurance contracts are an example of theinterplay between insurance and finance. By considering some specific equity-linked life insurance contracts, this thesis mainly studies risk management methods, ... -
Essays on the Effects of Information on Incentives and on People’s Awareness and Assessment of Biases
(2007)The first two essays deal with the interaction between intermediate information and incentives when information asymmetries are present. While in the first essay, individuals’ types can be private information, in the second ... -
Die Treuhand über den Tod hinaus
(2007)Das Thema dieser Arbeit sind Treuhandverträge, die vom Erblasser zu Lebzeiten mit dem Ziel abgeschlossen werden, seine Erben für einen möglichst langen Zeitraum nach seinem Tod an einen von ihm geäußerten Willen zu binden. ... -
Essays on Monetary Policy Interactions with Fiscal Policy and Financial Markets
(2008)This dissertation aims at contributing to the literature investigating the positive and normative framework for monetary policy. It provides an assessment of macroeconomic (i.e. monetary and to some extent also fiscal) ... -
Essays on Basket Options Hedging and Irreversible Investment Valuation
(2008)<p>Basket options are one of well-known newly-generated exotic options. As its name implies, it is an option on a portfolio of several assets. As the underlying basket offers more diversification, basket options gain ... -
Essays on Adaptive Learning with Applications to Monetary Policy
(2008)<p>While the concept of rational expectations has become the standard tool of modellingexpectations in macroeconomic models, it has been criticised for its high information and rationality requirements. Moreover, rational ... -
Essays on Moral Norms, Legal Unbundling and Franchise Systems
(2008)<p>This dissertation studies three, rather unrelated, topics, which are investigated in 4 independent chapters. <br /> Chapter 1 analyses a model of incomplete information with selfish rational types and types who comply ... -
A contribution to the determinants of total factor productivity growth
(2008)Why do some countries grow and others stagnate? The Science magazine considers this question as one of the 125 "most compelling puzzles and questions facing scientists today'' (Science magazine (2005)). Indeed, the successful ... -
Heterogeneity in Economics and Aggregation
(2008)Heterogeneity is all around us. People differ substantially with respect to their tastes, expectations, and available resources, and firms are heterogeneous in technologies and the quantity or nature of input factors. Since ... -
Essays on Organization and Incentives in R&D and on Compatibility in Two-Sided Markets
(2008)<p>This dissertation covers two distinct topics. Chapter 1 and Chapter 2 investigate a model with a principal and two agents, where the hidden action of agents is a source of moral hazard problem. It is shown that competition ...
