Global justice or global revenge

international criminal justice at the crossroads

The evolving concept of universal jurisdiction, the modern doctrine of humanitarian intervention, and the challenges faced by legal theory in addressing issues of international terrorism are subjects of this profound study. The author´s main intention is to reflect upon the legal and philosophical foundations ...

Zivilprozessrecht

Erkenntnisverfahren und Zwangsvollstreckung

Globalization of financial markets

causes of incomplete integration and consequences for economic policy

The internationalization of financial markets is one of the focal points in the discussion about recent globalization trends. These discussions suggest that capital can move freely between countries. However, there is ample evidence that national borders do matter and that there are many implicit and ...

Option theory with stochastic analysis

an introduction to mathematical finance

The objective of this textbook is to provide a very basic and accessible introduction to option pricing, invoking only a minimum of stochastic analysis. Although short, it covers the theory essential to the statistical modeling of stocks, pricing of derivatives (general contingent claims) with martingale ...

Transport developments and innovations in an evolving world

The book is describing technological developments as well as urban futures in the information age where the development of ICT sets the pace and options. Despite this dynamic development, the book describes how stabile daily travelling still is and highlights the achievable impacts and acceptability ...

Essays on microeconomics and industrial organisation

Essays on Microeconomics and Industrial Organisation aim to serve as a source and work of reference and consultation for the field of Microeconomics in general and of Industrial Organisation in particular. Traditionally, Microeconomics is essentially taught as theory and hardly ever an estimation of a ...

Credit risk pricing models

theory and practice

The markets dealing with financial products related to credit risk have been booming over the last years. This has encouraged practitioners and academics at the same time to consider and develop sophisticated models for credit risk pricing. This book gives a deep insight into the ...

Statistical analysis of financial data in S-Plus

This book develops the use of statistical data analysis in finance, and it uses the statistical software environment of S-PLUS as a vehicle for presenting practical implementations from financial engineering. It is divided into three parts. Part I, Exploratory Data Analysis, reviews the most commonly ...

CreditRisk+ in the banking industry

CreditRisk+ is an important and widely implemented default-mode model of portfolio credit risk, based on a methodology borrowed from actuarial mathematics. This book gives an account of the status quo as well as of new and recent developments of the credit risk model CreditRisk+, which ...

Vector optimization

theory,applications,and extensions

This book presents fundamentals and important results of vector optimization in a general setting. The theory developed includes scalarization, existence theorems, a generalized Lagrange multiplier rule and duality results. Applications to vector approximation, cooperative game theory and multiobjective optimization are described. The theory is extended ...

The development of the financial sector in southeast Europe

innovative approaches in volatile environments

KfW has been assigned responsibility by the German government and several other donors for projects designed to reconstruct the financial landscapes of Southeast Europe. These activities are recognized as quite successful in building sustainable financial institutions that serve the small end of the market, with ...

Spatial interaction modelling

a regional science context

In this book, the author's strong commitment to the multi-disciplinary field of regional science emerges to provide a unifying framework between spatial modelling traditions from quantitative geography and those from spatial economics, whereby each is enhanced. Starting with a detailed discussion of each field ...

Environmental and resource policy for consumer durables

A recent line of research in environmental and resource economics deals with the analysis of the so-called product-related environmental policy, i.e. the regulation of certain product characteristics which are mainly determined by producers and which influence the impact of consumption goods on the environment ...

Panel data

theory and applications

The present book is a collection of panel data papers, both theoretical and applied. Theoretical topics include methodology papers on panel data probit models, treatment models, error component models with an ARMA process on the time specific effects, asymptotic tests for poolability and their bootstrapped ...

Pricing in (in)complete markets

structural analysis and applications

In this book, the authors investigate structural aspects of no arbitrage pricing of contingent claims and applications of the general pricing theory in the context of incomplete markets. A quasi-closed form pricing equation in terms of artificial probabilities is derived for arbitrary payoff structures. Moreover ...

The econometrics of sequential trade models

theory and applications using high frequency data

The book inquires the consequences of speculative trading based on private information about financial asset markets. It presents an extensive and thorough discussion of theoretical and empirical methods used in previous studies on sequential trade models. The text also introduces a new framework for estimation ...

Leaving unemployment for self-employment

an empirical study

A game theory analysis of options

corporate finance and financial intermediation in continuous time

This book shows how to combine game theory and option pricing in order to analyze dynamic multiperson decision problems in continuous time and under uncertainty. The basic intuition of the method is to separate the problem of the valuation of payoffs from the analysis of ...

Policy competition and policy cooperation in a monetary union

This book studies the interactions between monetary and fiscal policies in the Euro area. The policy makers are the union central bank, the German government, the French government and other governments. The policy targets are price stability in the union, full employment in Germany, full ...

Economics as an agent-based complex system

toward agent-based social systems sciences

In agent-based modeling the focus is very much on agent-based simulation, as simulation is a very important tool for agent-based modeling. We also use agent-based simulation in this book with a stress on the mathematical foundation of agent-based modeling. We introduce two original mathematical frameworks ...