Publications des institutions partenaires

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The economics of social health insurance

The aim of The Elgar Companion to Health Economics is to take an audience of advanced undergraduates, postgraduates and researchers to the frontier of research in health economics, by providing them with short and easily readable introductions to key topics. The volume brings together 50 chapters written by more than 90 leading international contributors. The contributions to the...

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English / 01/01/2006

Prevention Is Better than Cure: The Role of IPO Syndicates in Precluding Information Acquisition

We treat information acquisition by potential investors in initial public offerings as endogenous. With endogenous information, the critical question is why underwriters would allow investors to spend resources acquiring superior information intended solely to effect a wealth transfer. We show that an investment banking syndicate is an institutional arrangement designed to avoid such...

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English / 01/01/2006

IfM-Bonn-Forschungsnews zum Mittelstand

Der IfM-Bonn-Forschungsnewsletter informiert Sie vierteljährlich kostenlos über * Ergebnisse aus Instituts- und Auftragsforschung des IfM Bonn, * Präsentationen und Veröffentlichungen des IfM Bonn und seiner Mitarbeiter, * Kurz-Kommentare zu aktuellen Anlässen, * Schlüsselzahlen des Mittelstands in Deutschland sowie * Hinweise auf aktuelle Veranstaltungen. Er kann kostenlos...

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Deutsch / 01/01/2006

Accurate value-at-risk forecasting based on the Normal-GARCH model

A resampling method based on the bootstrap and a bias-correction step is developed for improving the Value-at-Risk (VaR) forecasting ability of the normal-GARCH model. Compared to the use of more sophisticated GARCH models, the new method is fast, easy to implement, numerically reliable, and, except for having to choose a window length L for the bias-correction step, fully data...

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English / 01/01/2006

Reply to 'Asset Trading Volume in Innite-Horizon Economies with Dynamically Complete Markets and Heterogeneous Agents: Comment'

In a comment, Peter Bossaerts and William R. Zame [2006. Finance Research Letters. This issue] claim that the main result of our paper [Judd, K.L., Kubler, F., Schmedders, K., 2003. The Journal of Finance 58, 2203–2217], namely the no-trade theorem for the dynamic Lucas infinite horizon economy with heterogeneous agents, is an artifact of the assumption that asset dividends and...

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English / 01/01/2006

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