The Faculty of Law and Economics: Rechts- und Staatswissenschaftliche Fakultät: Recent submissions
Now showing items 241-260 of 294
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Essays in Applied Microeconomics and Management
(2010-03-24)A first wave of contributions to the field of psychology and economics mainly consisted of pointing out problems with traditional economic assumptions and articulating alternatives. By now, research has evolved to what ... -
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. ... -
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.<br /> Chapter 1 studies credit risk in an irreversible investment problem. The analysis demonstrates that optimal investment time ... -
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 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 ... -
Essays in Industrial Organization and Behavioral Economics
(2009-11-17)Next to the orthodox theories on contract design and optimal selling strategies, there is a recent and growing literature investigating how rational firms respond to consumer or employee biases. During the last decade the ... -
Essays in Microeconomics
(2009-11-17)This thesis contains five papers. Two belong to the field of industrial organization. Both are on innovation and the investment in it. The paper “Persistence of Monopoly and Research Specialization” takes a new look at ... -
Essays on Liquidity in Financial Markets
(2009-10-09)The smooth functioning of financial markets and market efficiency hinge on the ability of market places to limit trading frictions. Liquidity measures the degree of frictions and is an important, if not the most important, ... -
Essays on Social Preferences, Incentives, and Institutions
(2009-10-08)This dissertation studies social preferences and institutions, and the incentives which arise from their interaction. A particular focus lies on situations involving incomplete contracts and moral hazard. Chapter 1 studies ... -
Essays on Optimal Contracts and Renegotiation
(2009-09-11)Contract theory studies the incentives and contractual outcomes in economic interactions, and how they are influenced by given institutions and information structures. On an abstract level, a contractual relationship is ... -
On Dynamic Coherent and Convex Risk Measures: Risk Optimal Behavior and Information Gains
(2009-08-27)We consider tangible economic problems for agents assessing risk by virtue of dynamic coherent and convex risk measures or, equivalently, utility in terms of dynamic multiple priors and dynamic variational preferences in ... -
Essays on Dual Risk Measures and the Asymptotic Term Structure
(2009-08-27)This dissertation covers two distinct topics in the field of financial economics: risk measurement and the term structure of interest rates.<br /> The phenomenon of risk plays a ubiquitous role in finance and insurance as ... -
Wage Setting over the Business Cycle and the Effect of Employment Protection on Human Capital Formation
(2009-09-11)This dissertation is about labor market institutions and their implications on allocative outcomes. The first chapter studies the effect of the business cycle on the setting of entry-wages, i.e. wages that people get at ... -
Social Preferences and Incentives in the Workplace
(2009-08-12)Most economic exchanges are not based on fully contingent, explicit contracts, but rather rely on informal agreements that specify the contracting parties' obligations only imprecisely. In the labor market, contractual ... -
On the Implications of Unobserved Technology and Preference Shifts for Aggregate Labor Demand and Supply
(2009-08-14)The macroeconomic approach to the labor market aims at explaining aggregate labor market phenomena that have been present in many industrialized countries such as the United States or the western European countries in the ... -
Essays on Matching Markets
(2009-08-12)The thesis "Essays on Matching Markets" contributes to the theory and applications of matching theory.<br /> The first chapter analyzes the German university admissions system and proposes an alternative admissions procedure ... -
Bounded Rationality, Heterogeneity and Learning
(2009-07-27)The dissertation deals with both a model in which agents with limited information conform to a learning rule, as well as boundedly rational consumers who follow simple rules of thumb. The first case is treated within a ... -
Towards a Behavioural Foundation of Macroeconomics
(2009-08-19)Traditional macroeconomic theories often assume that aggregate economic figures originate in the behaviour of individuals who optimise their utility. In doing so, it is casually taken for granted that all agents act ... -
Learning in Macroeconomics: An Empirical Approach
(2009-04-23)This thesis explores the role of adaptive learning in explaining empirical phenomena such as the Great Inflation. We show that the historic monetary policy deviated from the optimally recommended policy under learning. ... -
Handelsstrategien mit Mindestgarantien: Eine analytische Beschreibung
(2009-04-16)Zweck von Handelsstrategien mit Mindestgarantien ist es eine untere Grenze von Vermögen zu sichern und dabei trotzdem von steigenden Finanzmärkten zu profitieren. Die Absicherung wird dabei häufig durch eine dynamische ...
