infonet-economy

Der Fussballmarkt ist ein ganz besonderer Markt. Das hat auch damit zu tun, dass die Leistungen der Beschäftigten in keiner anderen Branche derart stark schwanken wie im Fussball, wie die Autoren schreiben.

We propose a new method for pricing options based on GARCH models with filtered historical innovations. In an incomplete market framework, we allow for different distributions of historical and pricing return dynamics, which enhances the model's flexibility to fit market option prices. An extensive empirical analysis based on S&P 500 index options shows that our model...

Den Bedürfnissen schweizerischer KMU wird mit den Swiss GAAP FER ausdrücklich Rechnung getragen. Dazu gehört auch die Sicherstellung eines vernünftigen Kosten-/ Nutzen-Verhältnisses. Der Beitrag illustriert das Konzept der Swiss GAAP FER sowie der Kern-FER (Rahmenkonzept und Swiss GAAP FER 1–6).

hort-run equilibrium of supply and demand. Assets pay dividends that are partially consumed and partially
reinvested. The traders use fixed-mix investment strategies (portfolio rules), distributing their wealth between
assets in fixed proportions. Our main goal is to identify globally evolutionarily stable strategies, allowing an
investor to “survive,” i.e., to...

Recent demonstrations that music is capable of conveying semantically meaningful information has raised several questions as to what the underlying mechanisms of establishing meaning in music are, and if the meaning of music is represented in comparable fashion to language meaning. This paper presents evidence showing that expressed affect is a primary pathway to music meaning and...

The experimental literature and studies using survey data have established that people care a great deal about their relative economic position and not solely, as standard economic theory assumes, about their absolute economic position. Individuals are concerned about social comparisons. However, behavioral evidence in the field is rare. This paper provides an empirical analysis...

When agents are liquidity constrained, two options exist — borrow or sell assets. We compare the welfare properties of these options in two economies: in one, agents can borrow (issue inside bonds) and in the other they can sell government bonds (outside bonds). All transactions are voluntary, implying no taxation or forced redemption of private debt. We show that any allocation in...

Advertisements provide consumers with knowledge about private products, whereas political information is required to provide voters with knowledge of public issues. Modern information technologies and globalisation are increasing the exposure of individuals to information. Goods advertising is competing with political information for people's attention. This paper presents a...

Wenn sich Marketingexperten in der Vergangenheit an der Schnittstelle zwischen Marketing und Finance bewegten, standen häufig die Effekte bestimmter Marketingmassnahmen auf den Börsenkurs im Mittelpunkt. Wie sich jedoch die Börsennotierung und damit eine stringente Orientierung am Shareholder Value auf das Marketingmanagement auswirkt, wurde bislang kaum untersucht. Eine explorative...