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This paper is intended to present some studies undertaken in order to develop a seismic vulnerability estimation system to fit the needs of development of earthquake scenarios and of development of an integrated disaster risk management system for Romania. Methodological aspects are dealt with,...
Persistent link: https://www.econbiz.de/10008683297
The frequency-dependent spectrum based seismic intensity, also called instrumental intensity, is calculated basically from the integration of the square values of spectral acceleration ordinates. The values of the instrumental intensity are calibrated to match the values of the EMS-98 intensity...
Persistent link: https://www.econbiz.de/10009647324
On December 26, 2004 a great earthquake (M <Subscript>W</Subscript> 9.3) occurred off the western coast of Sumatra triggering a series of tsunami waves that propagated across the Indian Ocean causing damage and life loss in 12 countries. This paper summarizes the observations of lifeline performance, building damage...</subscript>
Persistent link: https://www.econbiz.de/10010996907
In explaining economic phenomena, economic analysis concentrates on selected influences and fixes the host of other factors under a ceteris paribus clause. This view, which goes back to Alfred Marshall (1842-1924), is developed in the first part of the book. Aggregation is viewed as a particular...
Persistent link: https://www.econbiz.de/10005518224
Life annuities provide a guaranteed income for the remainder of the recipient’s lifetime, and therefore, annuitization presents an important option when choosing an adequate investment strategy for the retirement ages. While there are numerous research articles studying annuities from a...
Persistent link: https://www.econbiz.de/10005518226
Even 50 years after Modigliani/Miller’s irrelevance theorem, the basic question of how firms choose their capital structure remains unclear. This survey paper aims at summarizing and discussing corresponding recent developments in empirical capital structure research, which, in our view, are...
Persistent link: https://www.econbiz.de/10005518227
There has been a wide-spread misconception based on the imprecise wording of Art. 52 of the European Patent Convention (EPC) that the protection of business methods by patents is prohibited in Europe. This paper investigates the legal framework set by patent laws with respect to the...
Persistent link: https://www.econbiz.de/10005518228
Ein Großteil der Neugründungen in Deutschland ist auf staatliche Förderung von Existenzgründern zurückzuführen. Dieser Anteil hat sich nach Einführung des als „Ich-AG“ bekannten Existenzgründungszuschusses Anfang 2003 stark erhöht. Die Erfolgsfaktorenforschung hat diese Form von...
Persistent link: https://www.econbiz.de/10005518229
In 2003, Swiss Re introduced a mortality-based security designed to hedge excessive mortality changes for its life book of business. The concern was apparently brevity risk, i.e., the risk of premature death. The brevity risk due to a pandemic is similar to the property risk associated with...
Persistent link: https://www.econbiz.de/10005518231
The continuing trend of increasing frequency and severity of losses from natural and man-made-catastrophes during the last decades has drawn attention to catastrophe risk management. Considering the loss potential of catastrophic events, the private insurance markets' capacity does not seem to...
Persistent link: https://www.econbiz.de/10005518233