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Bank capital and risk-taking : the impact of capital regulation, charter value, and the business cycle
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ISBN: 1281117528 9786611117528 3540485457 3540485449 3642421024 Year: 2007 Publisher: Berlin ; New York : Springer,

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The year-long consultations on Basel II mirror the international popularity of capital requirements as a regulatory instrument. Yet, the impact of capital re­ quirements on banks' behavior is not fully understood. The aim of this study is to contribute to this understanding by answering the following questions: How do banks adjust capital and risk after an increase in capital requirements? How do banks adjust their regulatory capital buffer over the business cycle? And what is the impact of banks' charter value on the regulatory capital buffer? The research undertaken for this study has benefited from support in terms of ideas, research facilities, and, not least, financial funding. My thanks go first of all to Claudia M. Buch for her constant encouragement, her continuous guidance, and her confidence in my research ideas. My thanks go also to the Kiel Institute for World Economics and its staff for providing a very fertile academic ground for my research and for providing excellent research facilities. In fact, conduct­ ing this study would not have been possible without the support of my colleagues at the Kiel Institute and elsewhere. In particular, I am grateful to Horst Siebert for providing me the freedom to pursue this topic. My special thanks go to Jorg Breitung, Kai Carstensen, and Dieter Urban for providing input on econometric issues. I am also grateful to Andrea Schertler for the long and productive discus­ sions I had on various parts of this study.

Environmental value transfer : issues and methods
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ISBN: 1280865423 9786610865420 140205405X 1402040814 9048170354 Year: 2007 Publisher: Dordrecht : Springer,

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The transfer of environmental values in time and space has increased rapidly with the widespread use of cost benefit analysis in project evaluation and regulatory assessments over the last three decades. The purpose of this volume is to take a snapshot of the research that is ongoing in the area of value transfer (benefit transfer). It includes papers by some of the most influential authors in the area, and covers the latest developments in the field. It will be useful for academics conducting research in this area and for practitioners in government agencies and ministries, as well as consulting firms.

Designing an all-inclusive democracy : consensual voting procedures for use in parliaments, councils and committees : the modified Borda count, the quota Borda system and the matrix vote
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ISBN: 1280864273 9786610864270 3540331646 3540331638 3642442455 Year: 2007 Publisher: Berlin ; New York : Springer,

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Democracy is for everybody, not just a majority. This book describes the voting procedures by which majority rule may be replaced by a more consensual system of governance. In a word, such an inclusive polity can be achieved by asking the voters or, more usually, their representatives in councils and parliaments, to state their preferences, so to facilitate the identification of that option which gains the highest average preference score. The first part of the book describes three different voting procedures, the Modified Borda Count, the Quota Borda System and the Matrix Vote, and gives a number of hypothetical examples, all clearly depicted in tables. In the second part, the voting mechanisms are discussed against the background of the theory of voting, social choice theory, human rights and mediation practice. The book includes a foreword by Sir Michael Dummett and contributions by Elizabeth Meehan, Hannu Nurmi and Maurice Salles, among others.


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Funds, flows, and time : an alternative approach to the microeconomic analysis of productive activities
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ISBN: 1280937459 9786610937455 3540712917 3540712909 3642090370 Year: 2007 Publisher: Berlin ; London : Springer,

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The subject of this book is production, which is an important and extensive field in economic science. In fact, production, distribution and consump­tion were long considered the three federated kingdoms which together formed the great empire of the economy. According to other slightly dif­ferent traditions, production also held pride of place, specifically as a basic link in the long chain of social reproduction. Today, whatever the theoreti­cal approach, production is a fundamental requirement for human survival. This was not, however, always the case. For much of the history of man­ kind hominids were hunter, scavenger and gatherers, with very little con­trol over their environment, and extremely little in the way of artefacts with which to work. However, since the Neolithic revolution, productive processes have constituted an essential mechanism, providing human soci­ety with goods and services to satisfy its needs and cravings. A simple, yet pertinent, characterization of the production process con­ceives it as the transformation of a conglomerate of factors into a given number of products within a specific period of time. Refining this defini­tion a little further, the said factors may be broken down into different categories: natural resources, means of production (covering two species: working capital and fixed assets) and the different forms of specific work.

Economic evolution and equilibrium : bridging the gap
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ISBN: 1280937319 9786610937318 3540686649 3540686622 Year: 2007 Publisher: Berlin ; New York : Springer,

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theory,whichformalizesa dynamiceconomicsystemasa systemofdi?erence, or di?erential, equations. There equilibria mean ‘equilibrium trajectories’ of the whole evolution that, in a certain sense, are optimal. A particularly un- tisfactory feature of this conceptualization of an equilibrium, however, is the factthattheintertemporaloptimizingapproachcompletelypredeterminesthe whole future of the economic system. This “closed loop” approach gives rise to the common reproach that economic theory is predominantly concerned with the question of ‘how the economic system ought to behave’ rather than with the question of ‘how does it behave actually’. This is the point at which the new branch of evolutionary economics has made its entrance. In contrast to growth or business cycle theory, evolutionary economics perceives the evolution of the economic system as essentially “open” to true novelties that are unforeseeable by their very nature. This view clearly makes obsolete any conception of equilibrium that resorts to the idea of a ?nal state of rest, or to the idea of an intertemporally optimizing trajectory which is prespeci?ed ab initio by a system of di?erential equations and initial con- tions. To be sure, there have been attempts to reconceptualize the notion of equilibrium from the evolutionary viewpoint. However, these proposals also appear, in one way or another, to hinge on the ideas of rest. This parti- larly applies to the branch of nonlinear dynamics and deterministic chaotic motion.

An energy analysis of household consumption : changing patterns of direct and indirect use in India
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ISBN: 128095650X 9786610956500 1402057121 1402043015 9400796897 Year: 2007 Publisher: Dordrecht, The Netherlands : Springer,

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The book presents a novel socio-economic approach to analysing the - ergy system and energy consumption in India from a household persp- tive. In doing so, it views households as the ultimate end-consumers and estimates and analyses the direct and indirect energy requirements of household consumption, both at an aggregate national level as well as at a disaggregate household level. In addition, the work incorporates two c- cial aspects often ignored by many energy studies that are characteristic of most developing countries, namely the importance of non-commercial sources of biomass energy in the energy systems of these countries, and the enormous diversity and inequity in the patterns of energy access and use across households with different lifestyles and levels of well being. This work was initiated as part of my Ph.D. thesis at the Centre for - ergy Policy and Economics (CEPE) at the Swiss Federal Institute of Te- nology in Z urich (ETHZ ). The thesis was completed at the end of 2002.

Globalization and regional economic modeling
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ISBN: 1281352802 9786611352806 3540724443 3540724435 3642091512 Year: 2007 Publisher: New York : Springer,

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Globalization is affecting regional economies in a broad spectrum of aspects, from labor market conditions and development policies to climate change. To understand better how this works, we need both conceptual and methodological contributions. We need new schemes to organize our thinking, direct our attention, and frame thought experiments on the basis of which guidance may be offered. And we need methodological innovations that enable us to carry out studies and thought experiments at levels of spatial and temporal resolution and formal complexity adequate to capture and account for the phenomena that characterize globalization. The chapters of this volume, written by an international cast of eminent regional scientists, represent contributions of both types, in many cases introducing and demonstrating the use of new tools for analyzing and understanding enormous changes underway in regional economies around the world.

Essays on transport economics
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ISBN: 1280804041 9786610804047 3790817651 3790817643 9783790817645 Year: 2007 Publisher: New York : Physica-Verlag,

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This book covers the basic analytical methods used in transportation economics and policy analysis. Encompassing fields of economics such as Industrial Organisation, Welfare Economics, General Equilibrium Theory and Input-Output-Analysis, the study of transport from an economic point of view serves as a test bench for applying the methodological developments of economic science to the real world. Each chapter begins with a brief theoretical introduction before evaluating case studies, using the most up-to-date statistical and econometric techniques. Discussed topics include technical and allocative efficiency and productivity related to transportation economics, the impact of information and communication technologies on transportation networks, competition and the effects of deregulation, uses of time and the effects of public investment on the economy and social welfare. The book is addressed to scientists and post-graduate students, but will also be of interest to professionals in civil and transport engineering.

Microeconomics using Excel : integrating economic theory, policy analysis and spreadsheet modelling.
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ISBN: 9780415417877 0415417864 0415417872 9780415417860 9780203931103 9781134114146 9781134114092 9781134114139 Year: 2007 Publisher: London Routledge

Data Envelopment Analysis : A Comprehensive Text with Models, Applications, References and DEA-Solver Software
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ISBN: 1280744952 9786610744954 0387452834 0387452818 9780387452814 Year: 2007 Publisher: New York, NY : Springer US : Imprint: Springer,

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Data Envelopment Analysis: A Comprehensive Text with Models, Applications, References, And DEA-Solver Software, 2nd Edition is designed to provide a systematic introduction to DEA and its uses as a multifaceted tool for evaluating problems in a variety of contexts. Each chapter accompanies its developments with simple numerical examples and discussions of actual applications. Emphasis is placed on the use as well as an understanding of DEA and the topics in this book have been selected and treated accordingly. The first nine chapters cover the basic principles of DEA and the final seven chapters are more advanced treatment of DEA. These final chapters were completely revised into new chapters, reflecting recent developments that greatly extend the power and scope of DEA and lead to new directions for research and DEA uses. Together with the first ten chapters of the basic principles, they will provide students and researchers with a solid understanding of the methodology, its uses and its potential.

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