by the pricing kernel (PK). In this paper we investigate pricing kernels from DAX and ODAX data in a time varying … approach and consider their term structure. In order to approximate and analyse the complex dynamic structure from pricing … investors preferences is investigated through sensitivity analysis with respect to the basis functions. In the sequel pricing …

This paper analyzes empirical market utility functions and pricing kernelsderived from the DAX and DAX option data for …

capital allocation method for pricing insurancecontracts. We show that in their model framework no capital allocation to lines … ofbusiness is needed for pricing insurance contracts. In the case of having to coverfrictional costs, the suggested allocation … method may even lead to inappropriate insuranceprices. Beside the purpose of pricing insurance contracts, capital …

shifts in the importance of cost passthroughand pricing-to-market for import pricing in Germany that may have ocurred since … the1990s. We analyse pricing in single equations for 11 product categories because the factorsinfluencing the pricing … findings forthe individual product categories, we find that, on the whole, pricing-to-market has increased,whereas cost pass …