We provide novel evidence that large-scale irrigation heterogeneously shifts the temperature distribution towards cooler temperatures during the months of the growing season relative to the rest of the year. We employ a triple-difference estimator using a 59-year-long panel of weather records...

This paper deals with dynamic asset allocation strategies which guarantee that an investor's terminal wealth will not fall short of a predetermined amount of money. It focuses on two strategies which do not require any information other than the current market price of the involved risky asset....

The objective of this paper is to contribute to a better understanding of rational expectations equilibria. These equilibria emerge from demand decisions of investors who try to extract Information about future market prices from current ones. Therefore from an eeonomisfs perspective it seems...

Die Überlegung, daß eine imparitätische Einzelbewertung betrieblicher Sicherungsgeschäfte mit dem Vorsichtsprinzip als eigentlichem Zweck der imparitätischen Einzelbewertung nicht begründet werden kann, führt zu dem Problem, objektivierbare Kriterien für die zunächst einmal nur...