Inner-city living is a hot topic in Germany. Policy-makers long for new middle- and upper-class residents; evidence of urban in-flight has been documented by scholars, and debates on reurbanisation are in full swing. This trend has also led to the emergence of a new housing product in German...

The authors analyze the cultural, economic, and political background of new gated housing estates in the Arab world with the aid of case studies in Lebanon and Riyadh. Their question is to what extent these developments represent a reappearance of the fragmented settlement patterns in many of...

Naturparke bilden die älteste Schutzgebietskategorie in Deutschland. Neben Aufgaben wie Naturschutz und Erholung wurde ihnen als relativ neue und zentrale Aufgabe die nachhaltige Regionalentwicklung, verankert im Bundesnaturschutzgesetz sowie den meisten Landesnaturschutzgesetzen, zugesprochen....

Starting with the liberalization of electricity trading, this market grew rapidly over the last decade. However, while spot and future markets are rather liquid nowadays, option trading is still limited. One of the potential reasons for this is that the spot price process of electricity is still...

This paper analyzes the impact of model complexity on the net present value distribution and the expected default probability of equity investments in project finance. Model complexity is analyzed along two dimensions: simulation complexity and forecast complexity. We aim to identify model...