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 ...

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 ...

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 ...

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 ...

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

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 ...