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Forecasting based pricing of Weather Derivatives (WDs) is a new approach in valuation of contingent claims on nontradable underlyings. Standard techniques are based on historical weather data. Forward-looking information such as meteorological forecasts or the implied market price of risk (MPR)...
Persistent link: https://www.econbiz.de/10009511156
On the temperature derivative market, modeling temperature volatility is an important issue for pricing and hedging. In order to apply pricing tools of financial mathematics, one needs to isolate a Gaussian risk factor. A conventional model for temperature dynamics is a stochastic model with...
Persistent link: https://www.econbiz.de/10008772624
Weather derivatives (WD) are different from most financial derivatives because the underlying weather cannot be traded and therefore cannot be replicated by other financial instruments. The market price of risk (MPR) is an important parameter of the associated equivalent martingale measures used...
Persistent link: https://www.econbiz.de/10003893132
Counterfeiting activities target companies in various sectors, including digital technology companies, defined as … companies that produce and/or commercialize at least one physical product that incorporates a digital technology, excluding the … innovation performance of companies and can pose major threats to global competition and economic growth. However, the actual …
Persistent link: https://www.econbiz.de/10011981007
This paper compares the evolution of CE4 countries’ (Czechia, Hungary, Poland, and Slovakia) national innovation … systems, as well as their innovation performance. Its analytical framework draws on evolutionary (and institutional) economics … of innovation. Given the structural features and the level of socio-economic development in the CE4 countries, as well as …
Persistent link: https://www.econbiz.de/10014489100
This article adopts a marketing perspective to examine how blockchain technology can facilitate innovation by …
Persistent link: https://www.econbiz.de/10014226110
Persistent link: https://www.econbiz.de/10010354607
on three fundamental pillars: proactively understanding the ethical implications of technology for all stakeholders …, telling the truth about the capabilities, advantages, and disadvantages of a technology, and acting responsibly in situations … and implications, and it may also be discussed with technology firms and human resources departments to provide the …
Persistent link: https://www.econbiz.de/10012001256
Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be...
Persistent link: https://www.econbiz.de/10012010001
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