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The new Basel accord and the nature of risk : a game theoretic perspective

Bieta, Volker; Broll, Udo; Milde, Hellmuth; Siebe, Wilfried - 2007

- game theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the … Basel Accord in this article we introduce some basic ideas of game theory in the context of rating procedures in accordance … with Basel II. As well, some insight is given how game theory works. Here, the primary value of game theory stems from its …

Persistent link: https://www.econbiz.de/10003481314

The New Basel Accord and the Nature of Risk: A Game Theoretic Perspective

Siebe, Wilfried; Milde, Hellmuth; Broll, Udo; Bieta, Volker - 2007

– game theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the … Basel Accord in this article we introduce some basic ideas of game theory in the context of rating procedures in accordance … with Basel II. As well, some insight is given how game theory works. Here, the primary value of game theory stems from its …

Persistent link: https://www.econbiz.de/10010296819

Hedging risks in a duopoly framework

Broll, Udo; Wahl, Jack E.; Wessel, Christoph - In: India macroeconomics annual ... 7 (2010), pp. 47-78

Persistent link: https://www.econbiz.de/10009233104

Tax uncertainty, investment and credible policy

Marjit, Sugata - 1995

Persistent link: https://www.econbiz.de/10000907379

Optimal hedging by firms with multiple sources of risky income

Zilcha, Itzhak; Broll, Udo - 1991

Persistent link: https://www.econbiz.de/10000910100

Export, Risiken und Risikomärkte : ökonomische Analyse institutioneller Absicherung

Broll, Udo - 1995

Persistent link: https://www.econbiz.de/10000915590

Der Einfluß von nicht-hedgebaren Risiken auf Exportproduktion und Risikopolitik

Broll, Udo - 1993

Persistent link: https://www.econbiz.de/10000374381

Futures hedging with basis risk and expectation dependence

Broll, Udo; Welzel, Peter; Kit, Pong Wong - In: International review of economics : journal of civil economy 62 (2015) 3, pp. 213-221

Persistent link: https://www.econbiz.de/10011391637

The firm under regret aversion

Broll, Udo; Welzel, Peter; Kit, Pong Wong - 2017

We examine the economic behavior of the regret-averse firm under price uncertainty. We show that the global and marginal effects of price uncertainty on production are both positive (negative) when regret aversion prevails if the random output price is positively (negatively) skewed. In this...

Persistent link: https://www.econbiz.de/10011610117

Consumption, inflation risk and dynamic hedging

Schubert, Stefan Franz; Broll, Udo - In: Contemporary economics 9 (2015) 2, pp. 171-179

Our study examines the behavior of a risk-averse investor who faces two sources of uncertainty: a random asset price and inflation risk. Both sources of uncertainty make it difficult to stabilize consumption over time. However, investors can enter risk-sharing markets, such as futures markets,...

Persistent link: https://www.econbiz.de/10011306018