This paper studies signs and reasons of decline of job stability in West Germany. Using data from the German Socio-Economic Panel 1984-1997, we look at two measures for job stability. Based on repeated cross sectional data ...

Motivated by a nonparametric GARCH model we consider nonparametric additive regression and autoregression models in the special case that the additive components are linked parametrically. We show that the parameter can ...

The market for derivatives with payoffs contingent on the credit quality of a number of reference entities has grown considerably over recent years. The risk analysis and valuation of such multi-name structures often relies ...

This paper gives an account of events,and explains some systematic reasons of the UMTS auction flop in Switzerland. Apart from general market developments,which could not have been anticipated, we argue that auction design ...

We consider two tests for testing the hypothesis that a density lies in a parametric class of densities and compare them by means of simulation. Both considered tests are based on the integrated squared distance of the ...