infonet-economy

We review the use and the interpretation of some robustness concepts and techniques in some economic applications. We focus on estimation techniques in income distribution analysis and we discuss the reliability of inequality measures.

The incorporation of single-factor interest rate models within the stochastic programming methodology is investigated and applied to multiperiod investment. Barycentric approximation is used for discretizing the stochastic factors and for generating scenario trees which take the various term structure movements into account. It is shown that employing the Vasicek model for the...

Similar to the classical Markowitz approach it is possible to apply a mean-variance criterion to a multiperiod setting to obtain efficient portfolios. To represent the stochastic dynamic characteristics necessary for modelling returns a process of asset returns is discretized with respect to time and space and summarized in a scenario tree. The resulting optimization problem is...

Diplomarbeit - Zusammenfassung
Diese Arbeit analysiert die Konsequenzen, die sich aus dem Abseitsstehen der Schweiz vom europäischen Integrationsprozess für die Industrie im Kanton Schaffhausen ergeben. Nach einer Abgrenzung der Themenstellung werden zunächst die grundlegenden Erkenntnisse über die Entstehung und Entwicklung von Integrationsräumen dargestellt. Darauf aufbauend...

What does it mean to be moral ? What does it mean to be a moral political man ? This contribution takes Lawrence Kohlberg's theory of moral development as the analytical frame to answer these questions. Based on the writings of Vaclav Havel, political dissident and then first president of the postcommunist Tchecoslovakian Republic, our study displays how emblematic a moral man...