This book has been prepared during my work as a research assistant at the Institute for Statistics and Econometrics of the Economics Department at the University of Bielefeld, Germany. It was accepted as a Ph.D. thesis titled "Term Structure Modeling and Estimation in a State Space Framework" at the Department of Economics of the University of Bielefeld in November 2004. It is a pleasure for me to thank all those people who have been helpful in one way or another during the completion of this work. First of all, I would like to express my gratitude to my advisor Professor Joachim Frohn, not...
This book has been prepared during my work as a research assistant at the Institute for Statistics and Econometrics of the Economics Department at the...
Starting from a framework of traditional regional economic theories, this volume considers the dynamic relations between interregional division of labour, division of consumption and determination of prices structure, within a perfectly competitive framework in spatial economy.
Starting from a framework of traditional regional economic theories, this volume considers the dynamic relations between interregional division of lab...
This book constitutes the refereed proceedings of the 4th International Symposium on Logical Foundations of Computer Science, LFCS'97, held in Yaroslavl, Russia, in July 1997. The volume presents 42 revised refereed papers carefully selected by the program committee. All current issues of computer science logic are addressed. There is a certain emphasis on reporting the progress achieved by scientists from various parts of the former Soviet Union; but there are also many other strong papers from the international research community.
This book constitutes the refereed proceedings of the 4th International Symposium on Logical Foundations of Computer Science, LFCS'97, held in Yarosla...
This book offers a novel perspective that allows to incorporate changing consumption and production structure into models of economic growth. Starting from the empirical observation that income and consumption structure are closely related, it develops a tractable theoretical framework which enables to analyze macroeconomic models consistent with these empirical facts. As a result, central macroeconomic phenomena are better understood: the reasons behind long-run growth, structural change, and the influence of inequality on innovations and growth.
This book offers a novel perspective that allows to incorporate changing consumption and production structure into models of economic growth. Start...
Given that relatively more children from wealthier families enroll in higher education, many economist assume that subsidies to higher education have an unwanted distributional impact. This book presents empirical evidence for the cross-sectional point of view and provides an analytical framework for the longitudinal perspective.
Given that relatively more children from wealthier families enroll in higher education, many economist assume that subsidies to higher education have ...
This book analyzes the existence of equilibria in economies having a measured space of agents and a continuum of agents and commodities. Excessive homogeneity with respect to agent productivity leads to instability and non-uniqueness of a given stationary state and the indeterminacy of the corresponding stationary state equilibrium. Sufficient heterogeneity leads to global saddle-path stability, uniqueness of a given stationary state and the global uniqueness of the corresponding equilibrium.
This book analyzes the existence of equilibria in economies having a measured space of agents and a continuum of agents and commodities. Excessive ...
This work was accepted as a dissertation by the University of Muenster, Germany, in 2004. It was written while I was a teaching and research assistant at the Department of Banking. I own many debts - personal and intellectual - to Professor Dr. Andreas Pfingsten, my doctoral adviser, for his overall support while I was writing my dissertation. This thesis benefited much from his constructive criticism. I am also grateful that Professor Dr. Klaus Roder, Department of Finance, University of Regensburg, Germany, acted as my second advisor. Furthermore, I want to thank Dr. Alistair Milne, Sir...
This work was accepted as a dissertation by the University of Muenster, Germany, in 2004. It was written while I was a teaching and research assistant...
1.1 Problem Statement and Research Question Active loan portfolio management is becoming more and more imp- tant. In the year 2004, European banks sold credits worth EUR 249 billion. Big deals were made by the German banks Hypo Real Estate (EUR 3.6 billion) and Dresdner Bank (EUR 1.2 billion). In addition, credit exchanges were established which made loans more liquid. For example, in October 2004 the German Deutsche Kredit-B] orse was established, which focuses on trading loans assigned to medium-size businesses. It is empirically shown that active loan portfolio management can 1 be very...
1.1 Problem Statement and Research Question Active loan portfolio management is becoming more and more imp- tant. In the year 2004, European banks sol...
New information technologies allow for the design of innovative electronic markets which can improve the efficiency of trading. In this context, several internet marketplaces have recently extended the flexibility of their selling mechanisms by creating hybrid institutions which combine an auction with a fixed price offer so that buyers can choose to bid in the auction or to acquire the item for the fixed price.
Applying a Market Engineering approach, this book introduces a model of an auction with a posted price offer and investigates the characteristics of such mechanisms....
New information technologies allow for the design of innovative electronic markets which can improve the efficiency of trading. In this context, se...
Cooperative systems are pervasive in a multitude of environments and at all levels. We find them at the microscopic biological level up to complex ecological structures. They are found in single organisms and they exist in large sociological organizations. Cooperative systems can be found in machine applications and in situations involving man and machine working together.
They have some common elements: 1) more than one entity, 2) the entities have behaviors that influence the decision space, 3) entities share at least one common objective, and 4) entities share information whether...
Cooperative systems are pervasive in a multitude of environments and at all levels. We find them at the microscopic biological level up to complex ...
