Browsing Wirtschaftswissenschaftliche Fakultät by Title
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20020515BuchI want YOU! An experiment studying the selection effect when assigning distributive powerWe study whether selection affects motivation. In our experiment subjects first answer a personality questionnaire. They then play a 3person game. One of the three players decides between an outside option assigning him ...

20130131Buch‘I'll do it by myself as I knew it all along’ On the failure of hindsightbiased principals to delegate optimallyWith the help of a simple model, we show that the hindsight bias can lead to ineffcient delegation decisions. This prediction is tested experimentally. In an online experiment that was conducted during the FIFA World Cup ...

20150108BuchIdentifying Berlin's landvalue map using AdaptiveWeights Smoothing We use Adaptive Weights Smoothing (AWS) of Polzehl and Spokoiny (2000, 2003, 2006) to estimate a map of land values for Berlin, Germany. Our data are prices of undeveloped land that was transacted between 19962009. Even ...

20110520BuchIdentifying the Effect of Temporal Work Flexibility on Parental Time with Children It is recognized that employment policies must grant flexibility to theworking schedules to allow parents to reconcile family and work. By exploiting the particularity of the East German labor market, I identify the causal ...

20070423BuchIdeology Without Ideologists Generally, Democrats do not increase military spending, and Republicans do not raise welfare payments. Mostly, ruling politicians stick to the manifesto of their party. The current paper provides a theoretical explanation ...

19970708BuchIllposed inverse problems and their optimal regularization The regularization of illposed systems of equations is carried out by corrections of the data or the operator. It is shown how the efficiency of regularizations can be calculated by statistical decision principles. The ...

20100204BuchIlliquidity and Derivative Valuation In illiquid markets, option traders may have an incentive to increase their portfolio value by using their impact on the dynamics of the underlying. We provide a mathematical framework within which to value derivatives ...

20060127BuchImage Denoising Pointwise Adaptive ApproachThe paper is concerned with the problem of image denoising for the case of greyscale images. Such images consist of a finite number of regions with smooth boundaries and the image value is assumed piecewise constant within ...

20061221BuchImitation with Intention and Memory an ExperimentThree results emerge from a simple experiment on imitation. First, I find behavior which strongly suggests an intention to imitate. Second, players imitate successful other players rather than repeating successful actions. ...

20051013BuchImmobilienbewertung mit dem Realoptionsverfahren Eine UmsetzungsstudieDie vorliegende Studie untersucht den Realoptionsansatz als Bewertungsverfahren für unentwickelte Immobilien. Im Gegensatz zu klassischen Bewertungsverfahren berücksichtigt das Realoptionsverfahren explizit die Unsicherheit ...

20000101BuchImplementing Efficient Market Structure

20120111BuchImplementing quotas in university admissions an experimental analysisQuotas for special groups of students often apply in school or university admission procedures. This paper studies the performance of two mechanisms to implement such quotas in a lab experiment. The first mechanism is a ...

20161026DiskussionspapierImplications of Shadow Bank Regulation for Monetary Policy at the Zero Lower Bounds Counter to the credit channel of monetary transmission, monetary policy tightening induces a rise in lending by two different types of nonbank financial institutions (NBFI): shadow banks and investment funds. A monetary ...

20121114BuchImplied Basket Correlation Dynamics Equity basket correlation is an important risk factor. It characterizes the strength of linear dependence between assets and thus measures the degree of portfolio diversification. It can be estimated both under the physical ...

20090101BuchImplied Market Price of Weather Risk Weather influences our daily lives and choices and has an enormous impact on cooperate revenues and earnings. Weather derivatives differ from most derivatives in that the underlying weather cannot be traded and their market ...

20050301BuchImplied Trinomial Trees Implied trinomial trees (ITTs) present an analogous extension of trinomial trees proposed by Derman, Kani, and Chriss (1996). Like their binomial counterparts, they can fit the market volatility smile and actually converge ...

20031208BuchImplied Volatility String Dynamics A primary goal in modelling the dynamics of implied volatility surfaces (IVS) aims at reducing complexity. For this purpose one fits the IVS each day and applies a principal component analysis using a functional norm. This ...

20140926BuchImproved volatility estimation based on limit order books For a semimartingale Xt, which forms a stochastic boundary, a rateoptimal estimator for its quadratic variation hX;Xit is con structed based on observations in the vicinity of Xt. The problem is embedded in a Poisson ...

20060502BuchIn Search of NonGaussian Components of a HighDimensional Distribution Finding nonGaussian components of highdimensional data is an important preprocessing step for effcient information processing. This article proposes a new linear method to identify the ``nonGaussian subspace´´ within a ...

20090424BuchIncorporating the Dynamics of Leverage into Default Prediction A firm’s current leverage ratio is one of the core characteristics of credit quality used in statistical default prediction models. Based on the capital structure literature, which shows that leverage is meanreverting to ...