eDissertationen: Browsing eDissertationen by Issue Date
Now showing items 1-20 of 200
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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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
Dynamic Matching and Bargaining Games: Towards a General Perspective
(2007)"Nature makes no jumps," according to a famous saying - but what about economies? Is economic 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 ... -
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 ... -
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. ... -
Economic Behavior in Real Effort Experiments
(2008)Laboratory experiments have gained more and more importance in economics in the last twenty years. Their superior control possibilities are not called in doubt. However, it is often complained that laboratory experiments ...
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The Price of CO2 Allowances in the European Greenhouse Gas Emissions Trading Scheme: An Empirical, Experimental, and Theoretical Study
(2008)According to the common position of the European Council, large installations from the energy industry and other carbon-intensive industries are part of an EU-wide greenhouse gas (GHG) emissions trading scheme (EU ETS) ... -
The Role of External Shocks in Emerging Market Crises
(2008)The dissertation attempts in three essays to contribute to the research on emerging market crises. A particular focus is set on problems associated with sudden stops of capital inflows, which appear to have been the cause ... -
Three Essays on Unit Roots and Nonlinear Co-Integrated Processes
(2008)Many macroeconomic and financial key variables such as e.g. consumption, investment, gross domestic product and interest rates, display non-stationary features such as trends or changing variances. A non-stationary ...
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Essays on Basket Options Hedging and Irreversible Investment Valuation
(2008)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 ...
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Four Essays on Investment
(2008)Investment decisions lie at the heart of many economic activities. Each day, individual investors, banks, and fund management firms try to optimize their portfolio investments at international financial markets around the ... -
Nonlinear and Stochastic Dynamical Systems Modeling Price Dynamics: Aspects of Financial Economics in Oil Markets
(2008)In many economic and financial processes mathematical modeling leads to nonlinear and stochastic dynamical systems. The interplay of stochastic and nonlinear effects is important under many aspects. Whereas the dynamic ...
