Controlling Chaos in a Model with Heterogeneous Beliefs

Fachbereich Wirtschaftswissenschaft

Controlling Chaos in a Model with Heterogeneous Beliefs

Stephan Heilig Rainer Schöbel

Tübinger Diskussionsbeitrag Nr. 205

© Januar 2001 (Druck August 2012)

Wirtschafts- und Sozialwissenschaftliche Fakultät

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I

Die Liste der hier aufgeführten Tübinger Diskussionsbeiträge beginnt mit der Nummer 300. Die Volltexte können online bezogen werden unter http://tobias-lib.uni-tuebingen.de/portal/wiwidisk.

Früher erschienene Diskussionsbeiträge sind vollständig im Internet gelistet. Diskussionsbeiträge bis Nummer 144 sind nur direkt über die AutorInnen erhältlich.

300. Hager, Svenja und Rainer Schöbel: Deriving the Dependence Structure of Portfolio Cred- it Derivatives Using Evolutionary Algorithms, Februar 2006.

301. Töpfer, Klaus: Offene Fragen und wissenschaftliche Herausforderungen der Entwicklungs- und Umweltpolitik, Februar 2006.

302. Stadler, Manfred: Education and Innovation as Twin-Engines of Growth, März 2006.

303. Schüle, Tobias: Forbearance Lending and Soft Budget Constraints in a Model of Multiple Heterogeneous Bank Financing, März 2006.

304. Buch, Claudia und Jörn Kleinert: Exchange Rates and FDI: Goods versus Capital Market Frictions, February 2006.

305. Felbermayr, Gabriel und Toubal Farid: Cultural Proximity and Trade, März 2006.

306. Schöbel, Rainer und Jochen Veith: An Overreaction Implementation of the Coherent Market Hypothesis and Option Pricing, April 2006.

307. Schüle, Tobias: Creditor Coordination with Social Learning and Endogenous Timing of Credit Decisions, November 2006.

308. Starbatty, Joachim: Sieben Jahre Währungsunion: Erwartungen und Realität, November 2006.

309. Dymke, Björn M. und Andreas Walter: Insider Trading in Germany – Do Corporate In- siders Exploit Inside Information?, Dezember 2006.

310. Brandes, Julia und Tobias Schüle: IMF’s Assistance: Devil’s Kiss or Guardian Angel?, Februar 2007.

311. Goerke, Laszlo und Markus Pannenberg: Trade Union Membership and Works Councils in West Germany, März 2007.

312. Yalcin, Erdal: The Proximity-Concentration Trade-Off in a Dynamic Framework, August 2007.

313. Kleinert, Jörn und Farid Toubal: Gravity for FDI, Oktober 2007.

314. Kleinert, Jörn und Farid Toubal: The Impact of Locating Production Abroad on Activi- ties at Home: Evidence from German Firm-Level Data, November 2007.

315. Felbermayr, Gabriel J. und Benjamin Jung: Sorting it Out: Technical Barriers to Trade and Industry Productivity, Februar 2008.

316. Fischer, Michaela: Können Studiengebühren eine Signalling- und Screeningfunktion ausü- ben?, März 2008

317. Felbermayr, Gabriel J. und Benjamin Jung: Trade Intermediaries, Incomplete Contracts, and the Choice of Export Modes, Mai 2008

318. Maier, Ramona und Michael Merz: Credibility Theory and Filter Theory in Discrete and Continuous Time, Oktober 2008

319. Frontczak, Robert und Rainer Schöbel: Pricing American Options with Mellin Trans- forms, Dezember 2008

320. Frontczak, Robert und Rainer Schöbel: On Modified Mellin Transforms, Gauss-Laguerre Quadrature, and the Valuation of American Call Options, Mai 2009, revidiert Juni 2009 321. Roos, Melanie und Carolin Hümmer: Die Akzeptanz von Corporate Social Responsibility

in Deutschland, September 2009

II

322. Klein, Nicole: Die Balanced Scorecard als Basis einer Customer Care Scorecard zur Kon- zeption einer systematischen Kundenpflege, September 2009

323. Zaby, Alexandra K.: The Propensity to Patent in Oligopolistic Markets, September 2009 324. Heger, Diana und Alexandra K. Zaby: The Propensity to Patent with Horizontally Differ-

entiated Products – an Empirical Investigation, November 2009

325. Heger, Diana und Alexandra K. Zaby: The Propensity to Patent with Vertically Differen- tiated Products – an Empirical Investigation, November 2009

326. Frontczak, Robert: Valuing Options in Heston’s Stochastic Volatility Model: Another An- alytical Approach, Dezember 2009

327. Kleinert, Jörn und Farid Toubal: Foreign Sales Strategies of Multinational Enterprises, März 2010

328. Heuer, Nina: Occupation-Specific South-North Migration, April 2010

329. Roos, Melanie und Anna Gassert: Der Einfluss der Wirtschaftskrise auf das Kaufverhal- ten – eine empirische Analyse im B2C-Bereich, Oktober 2010

330. Kleinert, Jörn und Nico Zorell: The Export-Magnification Effect of Offshoring, Dezem- ber 2010

331. Felbermayr, Gabriel J. und Benjamin Jung: Trade Intermediation and the Organization of Exporters, Februar 2011

332. Duran, Mihael: Nachträgliche Reduktion von Vorstandsbezügen, September 2011

333. Grunert, Jens und Daniel Strobel: Auswirkungen risikoadjustierter Eigenkapitalanforde- rungen auf die Kreditvergabe deutscher Banken, Dezember 2011