E-Dissertationen: Search
Now showing items 1-10 of 13
Essays on the Efficiency of Financial Markets
(2010-12-30)
In the three decades since the term was coined by Eugene F. Fama, the efficient market hypothesis has become the central proposition in financial economics, and, as such, widely accepted by academic scholars. Fama (1970)'s ...
Essays in Empirical Asset Pricing: Liquidity, Idiosyncratic risk, and the Conditional Risk-Return Relation
(2010-08-10)
What kinds of risk do systematically drive stock returns? This question has prompted vast amounts of research and is still one of the main challenges in finance. It has not only been of interest in the finance literature, ...
Experimental Studies on cross-cultural Behaviour between Germans and Chinese
(2010-02-12)
The world has never been so integrated as today. Globalization irresistibly takes place in economic, political and social areas. However, globalization does not bring unification of cultures. On the contrary, the process ...
Valuation of Convertible Bonds
(2010-03-02)
Convertible bonds are hybrid financial instruments with complex features. They have characteristics of both debts and equities, and usually several options are embedded in this kind of contracts. The optimality of the ...
Experimental and theoretical essays in auctions and financial markets
(2010-03-12)
This dissertation deals with auctions and other, financial market mechanisms, and how they work in real life situations. Such mechanisms have been extensively studied in economics and many elegant results have been gained. ...
Four Contributions to Experimental Economics
(2010-03-18)
In 2002 the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel was awarded to Daniel Kahneman and Vernon Smith. It was not only a distinction for the work of the two laureates, but also for the field of ...
On Modeling and Measuring Credit, Recovery and Liquidity Risks
(2010-03-17)
We investigate three major risks of financial markets: credit, recovery and liquidity risks.
Chapter 1 studies credit risk in an irreversible investment problem. The analysis demonstrates that optimal investment time ...
Chapter 1 studies credit risk in an irreversible investment problem. The analysis demonstrates that optimal investment time ...
Four Contributions to Experimental Economics: Binary Choice Experiments
(2010-09-14)
This thesis is about binary decisions participants make in a laboratory environment. For this purpose, laboratory experiments are conducted to investigate effects of individual decision making in a microeconomic context. ...
Essays on Dynamic Mechanism Design
(2010-07-07)
We consider the allocation of one or several units of a good in a dynamic environment. The time horizon is finite and in each period, a random number of potential buyers arrives. In Chapter 1, we study revenue maximization ...
Financial Frictions and Business Cycles
(2010-11-15)
This thesis investigates the business cycle implications of financial frictions for small open economies. Dynamic, stochastic, general equilibrium frameworks with financial and informational frictions and uncertainty in ...