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We present experimental evidence that, unlike traditional assumptions in economic theory, security prices do not respond to pressure from their own excess demand. Instead, prices respond to excess demand of all securities, despite the absence of a direct l ...
On June 27–30, 2007, we organized at the Geneva School of Business Administration an International Symposium entitled "Hedonic Methods in Real Estate". During the first day, called the "Swiss hedonic day", Swiss researchers from universities, consulting fi ...
The World is facing major challenges regarding environmental threats, resource constraints and the large unbalance of wealth among developing and developed countries. Energy engineering is at the core of the actions to be undertaken to meet these challenge ...
We present the first step in a program to develop a comprehen- sive, unified equilibrium theory of asset and liability pricing. We give a mathematical framework for pricing insurance products in a multiperiod financial market. This framework reflects classical ...
The World is facing major challenges regarding environmental threats, resource constraints and the large unbalance of wealth among developing and developed countries. Energy engineering is at the core of the actions to be undertaken to meet these challenge ...
This paper addresses the question of the coherence in the infrastructures. More precisely, it examines the articulation between technical and institutional coherence. It assumes that a certain degree of such coherence is necessary for infrastructures (netw ...
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 enhancing the model flexibility to fit ...
The economic environment in the specialty chemicals industry requires short times to market and thus the ability to develop new products and processes very rapidly. This, in turn, calls for large scale-ups from laboratory to production. Due to scale-relate ...
The Elgar Companion to Neo-Schumpeterian Economics contains a diverse selection of chapters written by some of the most distinguished scholars in their fields. This comprehensive volume is logically divided into micro-, meso- and macroeconomic sections wit ...
R&D internationalization is an important phenomenon. It involves the global allocation of a precious resource for national economies. The reason for this Report is that there is a strong feeling, based on partial evidence, that Europe is not taking part as ...