economics

The past decade has seen the emergence of a particular sales and distribution model in which companies that manufacture products and sell them directly through proprietary distribution channels open these channels to third parties and often even to competitor products. One of the industries to pioneer this model has been financial services, where the approach is referred to as an “open architecture” offering. The author's research investigates if and how customer reactions are affected when a company sells third-party products...

Time-continuous stochastic processes have been used in numerous financial market models for decades. In this work, important aspects of application - with regard to the estimation of parameters, evaluation of financial market contracts and recording the efficiency of capital markets - are primarily illustrated using selected examples and then possible solutions or explanations are presented. Details Title: Analysis of Financial Market Models Subtitle: Estimation, Pricing, and Efficiency Author: Dr. Balazs Cserna Edition: 1st edition Published: 1st edition 05.09.2011 Subject: Economics...

The demographic change forced Germany and other industrialized countries to bring their pension systems back on a sustainable track. This development has increased the responsibility of each individual regarding old-age income. The affected individuals are forced to intensify their savings to close the increasing gap between public pension income and the standard of living experienced during one's working life. This book investigates several empirical and methodological aspects of households' saving behavior including some in relation to the background of the...

This book contributes to the empirical literature on poverty, mortality and labor supply in developing countries. Each of the three essays included in this book make use of new household data sets that were collected to innovatively address a well-defined research problem. The first chapter investigates the relationship between undernutrition and child mortality in sub-Sahara Africa and explains why children around Lake Victoria have very low chances to survive up to age 5 despite being extremely wellnourished. The second chapter...

Company acquisitions are the order of the day in the business world. However, they often do not meet the expectations placed on them. This dissertation focuses on two opposing perspectives that serve to analyze acquisition success or acquisitionfailure: On the one hand, it could be that the management of the acquiring company has possible synergies in mind. On the other hand, there is a risk that management will overestimate its own ability to realize synergies. In this case, there is...

Since the formulation of the 30-ha target as part of the »National Sustainability Strategy« in 2002, the topics »land use« and »land saving« have gained in importance in Germany. This book presents the instrument of tradable land designation rights, with which a significantly reduced settlement development and the protection of open spaces could be achieved. Three papers, written in German and two in English, provide answers to a number of important environmental economic questions related to a successful commercial launch....

For the Southwest Saxony region, this thesis proves that for less land-consuming settlement development, the controlling actions at the regional level must also be adapted. Pilot projects and model projects in recent years have already set the course for this. In this respect, it is no longer just a question - whether - but - that - the regional area control is adjusted. Only in this way can the current challenges of settlement area development be controlled more effectively and...

Whatever career you choose, a qualification in Business Studies will stand you in good stead. If you are going to get ahead, you need to understand the language of that discipline. Management English Intelligence is a sterling way to polish your Business English credentials. It cuts through the unnecessary details to give a clear insight into the modern language of Management and Business English. Management concepts are explained succinctly with essential vocabulary and expressions presented in context. The user of...

This dissertation deals with longer-term relationships between the exchange rates of the world's most traded currencies. The aim here is to uncover common developments in exchange rates using empirical methods and to analyze the causes of these common developments. Initially, explanatory approaches based on traditional macroeconomic exchange rate models are used. Due to the low explanatory content of these traditional models, not only longer-term common developments of exchange rates that are detached from fundamental dynamics are revealed in the following,...

Even 20 years after the fall of the Wall, the phenomenon of east-west migration within Germany is still of great importance. The extent and the selectivity of these migration movements reached unimagined dimensions. Against this background, this thesis analyzes and answers two of the economically relevant questions that arise in this context: the question of the macroeconomic determinants of east-west migration and the question of the future extent of these migration movements. Details Title: East-West migration in reunified Germany Subtitle:...

As a result of the increasing capital requirements of non-listed companies and the continuously increasing investment needs of institutional and private investors, private equity covers a segment of the capital market that has been growing for decades. The private equity companies (PEG) see themselves as active insider investors who take on evaluation and selection functions, transaction execution, support and exit functions in the investment process. The risks associated with this, in particular the issues of portfolio building by PEGs, were...

The author examines the legal aspects of concluding transport contracts over the Internet in a factual manner and in easily understandable language. The starting point of the investigation are the defensive clauses contained in many general terms and conditions of transport companies with regard to the acceptance of shipments with certain contents or values. The question of what consequences there are for the conclusion and continued existence of the contract of carriage if no or incorrect information about the shipment...