wird die Wirkung beider Instrumente auf die Nutzen der Arbeitnehmer und auf die gesamtwirschaftliche Wohlfahrt analysiert … können die Nutzen der Arbeitnehmer und die Beschäftigung im Vergleich zum Referenzfall ohne Eingriff erhöhen. Die Einführung …

how can it model an equity’s return. The goal of this work is not to challenge the theory behind CAPM, nor compare it to …The purpose of this work is to empirically assess the validity of the Capital Asset Pricing Model (CAPM) in terms of … than testing a specific hypothesis, my goal is to let the data speak for itself.The main difficulty with assessing CAPM is …

- CAPM and the prevailing High Frequency Trading (HFT) method of stocks trading and to explain the relationship between them … and Wang's paper (The Conditional CAPM and the cross-section of expected return, 1996) to explain the capability of CAPM …

(whether routine or not) may amount to double-counting. The Capital Asset Pricing Model (CAPM), which is the generally … on its riskiness) relative to the market as a whole. Indeed, CAPM may actually add on an implicit premium in that it …

-variance efficient in the sense of classical CAPM. We show that, depending on the noise traders' behavior, the performance of efficient …

determining market clearing prices is calculated explicitly. The classical capital market line result of CAPM theory is extended …

The thesis consists of two essays: "The CAPM -- A General Equilibrium Foundation" and "The Foreign Exchange Rate in … Financial Markets".The Capital Asset Pricing Model (CAPM) is one of the most successful models for portfolio selection. The … advantages are the simple risk measure and the quite applicable properties of CAPM-equilibria: The Mutual Fund Theorem, the Beta …

returns. The finance literature has uncovered several potential failings of the Capital Asset Pricing Model (CAPM). I … investigate the ability of additional risk factors, which are not considered by the CAPM, to explain these problems. In particular … to refine and reassess the cross-sectional evidence against the CAPM.In the first chapter, I test the cross …