Nachhaltig bewirtschaftete Forstbetriebe müssen Strategien anwenden und anpassen, um Risiko zu streuen und die finanzielle Liquidität sichern zu können. In diesem Zusammenhang werden in dieser Arbeit die wirtschaftlichen Auswirkungen der Baumartenvielfalt in Forstbetrieben anhand empirischer...

In this paper, we study the aggregated risk from dependent risk factors under the multivariate Extreme Value theory (EVT) framework. We consider the heavy-tailness of the risk factors as well a non-parametric tail dependence structure. This allows a large scope of models on the dependency. We...

For many assets and liabilities there exist deep and liquid markets so that the market value are reasily observed. However, for non-hedgeable risks, the market value of liabilities must be estimated. The Draft Solvency II Directive suggests in article 75 that the valuation of technical...

For many assets and liabilities there exist deep and liquid markets so that the market value are reasily observed. However, for non-hedgeable risks, the market value of liabilities must be estimated. The Draft Solvency II Directive suggests in article 75 that the valuation of technical...