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Die Dissertation wendet die fallgestützte Entscheidungstheorie (Case-Based Decision Theory) vorgeschlagen von Gilboa …The dissertation applies the case-based decision theory proposed by Gilboa and Schmeidler (1995) to financial markets …
Persistent link: https://www.econbiz.de/10009476229
University of Minnesota Ph.D. dissertation. August 2010. Major: Economics. Advisor: Narayana R. Kocherlakota. 1 computer file (PDF); vii, 81 pages. Ill.(some col.)
Persistent link: https://www.econbiz.de/10009462869
"Institutional arrangements are key drivers of the use of common-pool resources (CPR). The analysis of existing arrangements requires a framework that allows research to describe a case study systematically and diagnose the institutional setting. Based on a sound understanding of current...
Persistent link: https://www.econbiz.de/10009468439
Based on a classical financial market model different model variants known from the literature are discussed and analyzed, each focussing on modeling financial markets as a nonlinear dynamic system by introducing the formation of (heterogeneous) beliefs about future asset prices into the model...
Persistent link: https://www.econbiz.de/10009428980
elements of the prospect theory developed by Kahneman and Tversky (1979). In addition to consumption, stockholders consider …
Persistent link: https://www.econbiz.de/10009430235
settlement, a theory flowing from the Coase Theorem. The cost-benefit analysis weighs settlement against the expected value of … economics to construct a pricing theory of legal disputes. In addition to probability and transaction cost, dispute risk must …
Persistent link: https://www.econbiz.de/10009432053
legal valuation, and a small but growing body of scholarship endorses this concept. However, option theory is not the only …
Persistent link: https://www.econbiz.de/10009432058
I show that relative levels of aggregate consumption and personal oil consumption provide anexcellent proxy for oil prices, and that high oil prices predict low future aggregate consumptiongrowth. Motivated by these facts, I add an oil consumption good to the long-run risk model of Bansal and...
Persistent link: https://www.econbiz.de/10009438584
For a continuous-time financial market with a single agent, we establish equilibrium pricing formulae under the assumption that the dividends follow an exponential Lévy process. The agent is allowed to consume a lump at the terminal date; before, only flow consumption is allowed. The agent's...
Persistent link: https://www.econbiz.de/10009452545
We combine general equilibrium theory and théorie générale of stochastic processes to derive structural results about …
Persistent link: https://www.econbiz.de/10009452546