Auflistung Wirtschaftswissenschaftliche Fakultät nach Titel
Anzeige der Publikationen 1421-1440 von 1448
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2011-08-15DiskussionspapierWhen to Cross the Spread In this article the problem of curve following in an illiquid market is addressed. Using techniques of singular stochastic control, we extend the results of [NW11] to a two- sided limit order market with temporary market ...
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2008-11-05DiskussionspapierWhen, How Fast and by How much do Trade Costs change in the EURO Area? Microfoundations of the euro’s effect on euro area trade hinge on the timing, the speed and the size of adjustment in trade costs. We estimate timing, speed and size of adjustment in trade costs for sectoral trade data. ...
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2007-04-04DiskussionspapierWho Leads Financial Markets? The present paper embarks on an analysis of interactions between the US and Euroland in the capital, foreign exchange, money and stock markets from 1994 until 2006. Considering influences on financial market volatility, ...
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2014-10-29DiskussionspapierWhom are you talkingwith? The paper analyzes the role of the structure of communication - i.e. who is talking with whom - on the choice of messages, on their credibility and on actual play. We run an experiment in a three-player coordination game ...
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2010-07-06DiskussionspapierWhy Do Financial Market Experts Misperceive Future Monetary Policy Decisions? This paper investigates why financial market experts misperceive the interest rate policy of the European Central Bank (ECB). Assuming a Taylor-rule-type reaction function of the ECB, we use qualitative survey data on ...
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2012-02-21DiskussionspapierWhy Do Firms Engage in Selective Hedging? Surveys of corporate risk management document that selective hedging, where managers incorporate their market views into firms’ hedging programs, is widespread in the U.S. and other countries. Stulz (1996) argues that ...
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2000-12-12BuchWhy firms should care for customers Adopting the indirect evolutionary approach, we show that it might be beneficial for firms on a heterogeneous market not only to care for their profits but also for their respective customers’ welfare.
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2007-09-19DiskussionspapierWhy Managers Hold Shares of Their Firms We examine the relationship between CEO ownership and stock market performance. Firms in which the CEO voluntarily holds a considerable share of outstanding stocks outperform the market by more than 10% p.a. after controlling ...
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2006-01-20BuchWhy the rich are nastier than the poor Studying evolutionarily successful behavior we show in a general framework that when individuals maximizing payoff differentials invest resources in punishing others. Interestingly, these investments are increasing in ...
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2007-12-17DiskussionspapierWhy Votes Have a Value We perform an experiment where subjects pay for the right to participate in a shareholder vote. We find that experimental subjects are willing to pay a significant premium for the voting right even though there should be ...
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1997-05-01BuchWie brauchbar sind Multiplikatorprognosen für die Geldmengensteuerung der Bundesbank? Die Frage nach der Steuerbarkeit der Geldmenge wird in empirischen Arbeiten üblicherweise auf die Frage nach der Vorhersagbarkeit von Geldangebotsmultiplikatoren reduziert. In dieser Arbeit wird untersucht, wie sinnvoll ...
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1997-09-10BuchWild Bootstrap Versus Moment-Oriented Bootstrap We investigate the relative merits of a “moment-oriented” bootstrap method of Bunke (1997) in comparison with the classical wild bootstrap of Wu (1986) in nonparametric heteroscedastic regression situations. The “moment-oriented” ...
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1998-12-01BuchWill Banks promote trade?
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2005-10-12BuchWinner-Loser-Effekte am deutschen Aktienmarkt
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2008-12-18DiskussionspapierWinners and Losers of Early Elections:On the Welfare Implications of Political Blockades and Early Elections We develop a dynamic model of political competition. Each party has a policymotivated ideological wing and an office-motivated opportunistic wing. A blockade arises if inner-party conflict stops policy implementation. We ...
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2005-06-13DiskussionspapierWorking Time as an Investment? Whereas the number of paid overtime hours declined over the last decade, a different trend can be observed for unpaid overtime work in Germany. We look at the future consequences for overtime workers, and therefore investigate ...
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2005-03-01DiskussionspapierWorking with the XQC
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2007-09-05DiskussionspapierWorld War II, Missing Men, and Out-of-wedlock Childbearing Based on county-level census data for the German state of Bavaria in 1939 and 1946, we use World War II as a natural experiment to study the effects of sex ratio changes on out-of-wedlock fertility. Our findings show that ...
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2005-12-14DiskussionspapierWorldscope meets Compustat With this study we are the first to systematically compare today’s two major counterpartsas a source of accounting and financial data for researchers: CompustatNorth America by Standard and Poor’s and Worldscope by Thomson ...
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2005-10-07BuchWorry and the Illusion of Safety We analyze the impact of an individual s tendency to worry on willingness to pay (WTP) for a protective measure. We report on the results of a controlled experiment with real objects at stake. Worry was measured with the ...