<p>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 ...

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 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 ...

<p>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 ...

<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 ...

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 ...

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 ...

<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 ...

<p>This thesis aims to shed light on the political-economic factors explaining the policy outcomes of the following three European political issues:<br /> The first one is the geographic allocation of the three largest ...

<p>This dissertation aims at continuing and expanding three lines of research prominent in behavioral economics today. The first chapter deals with the role of reciprocity in labor contracts and explores which factors ...