SF LeRoy… - 2001 - books.google.com
Financial economics, and the calculations of time and uncertainty derived from it, are playing
an increasingly important role in non-finance areas, such as monetary and environmental
economics. Professors Le Roy and Werner here supply a rigorous yet accessible ...
J Werner - Journal of Economic Theory, 1985 - Elsevier
Abstract This paper analyses an exchange economy in the absence of Arrow-Debreu
complete markets. It is assumed that trading takes place in the sequence of spot markets
and futures markets for securities payable in units of account. Unlimited short-selling in ...
J Werner - Econometrica: Journal of the Econometric Society, 1987 - JSTOR
A general equilibrium model of markets for commodities and assets is considered. We
develop the notion of a price system that admits no arbitrage opportunity, and we
demonstrate the fundamental role of this concept for the theory of the existence of a ...
[CITATION] Theory of incomplete markets. Vol. 1
M Magill, M Quinzii, J Werner - Journal of …, 1998 - Nashville [etc.]: American Economic …
JW Müller - 2003 - books.google.com
Carl Schmitt (1888-1985) was one of the twentieth century's most brilliant and distrubing
critics of liberalism. He was also one of the most important intellectuals to offer his services
to the Nazis, for which he was dubbed the" crown jurist of the Third Reich." Despite this ...
JW Müller - 2002 - books.google.com
How has memory-collective and individual-influenced European politics after the Second
World War and after 1989 in particular? How has the past been used in domestic struggles
for power, and how have'historical lessons' been applied in foreign policy? While there is ...
JW Müller - 2000 - books.google.com
How did German intellectuals react to unification and how have they conceived the country's
national identity and its new international position? This important book not only examines
changing notions of nationhood and their complicated relationship to the Nazi past but ...
JW Müller - 2007 - books.google.com
Constitutional Patriotismoffers a new theory of citizenship and civic allegiance for today's
culturally diverse liberal democracies. Rejecting conventional accounts of liberal
nationalism and cosmopolitanism, Jan-Werner M ller argues for a form of political ...
DJ Brown… - The Review of Economic Studies, 1995 - restud.oxfordjournals.org
Abstract This paper develops a framework for a general equilibrium analysis of asset
markets when the number of assets is infinite. Such markets have been studied in the
context of asset pricing theories. Our main results concern the existence of an equilibrium. ...
[CITATION] Introduction: the power of memory, the memory of power and the power over memory
JW Müller - Memory and Power in Post-War …, 2002 - Cambridge University Press …
CD Aliprantis, DJ Brown… - Journal of Economic Dynamics and …, 2000 - Elsevier
Minimum-cost portfolio insurance is an investment strategy that enables an investor to avoid
losses while still capturing gains of a payoff of a portfolio at minimum cost. If derivative
markets are complete, then holding a put option in conjunction with the reference portfolio ...
J Werner - Journal of Mathematical Economics, 1990 - Elsevier
Abstract This paper studies the indeterminacy of equilibrium allocations in an economy with
spot commodity markets and incomplete futures markets for financial assets. We provide a
description of the degree of indeterminacy in the case of two-period economy with an ...
KXD Huang… - Economic Theory, 2000 - Springer
Summary. Price bubbles in an Arrow-Debreu equilibrium in an infinite-time economy are a
manifestation of lack of countable additivity of valuation of assets. In contrast, the known
examples of price bubbles in a sequential equilibrium in infinite time cannot be attributed ...
J Werner - International Economic Review, 1997 - JSTOR
The standard present value rule of asset pricing may fail in financial markets when infinitely
many assets can be traded. I provide an example of asset payoffs and prices such that
prices are arbitrage-free, and could be equilibrium prices in frictionless markets. Using ...
J Werner - Journal of Economic Theory, 1997 - Elsevier
Diversification is the strategy of investing small fractions of wealth in each of a large number
of securities and thereby reducing risk. The basic argument in support of diversification is an
appeal to the Law of Large Numbers. A portfolio in which an investor's wealth is invested ...
J Werner - Journal of Economic Theory, 1989 - Elsevier
JOURNAL Or ECONOMIC TIIEORY 49, 379382 (1989) Equilibrium with Incomplete Markets
without Ordered Preferences JAN WERNER Department of Economics, University of
Minnesota, Minneapolis, Minnesota 55455 Received October 12, 1988; revised ...
KXD Huang… - Economic Theory, 2004 - Springer
Summary. We show that Arrow-Debreu equilibria with countably additive prices in infinite-
time economy under uncertainty can be implemented by trading infinitely-lived securities in
complete sequential markets under two different portfolio feasibility constraints: wealth ...
B Torgler… - Public Finance and Management, 2005 - crema-research.ch
Abstract: This paper analyses fiscal autonomy in Germany. First, it provides an overview of
fiscal autonomy. What is novel in this paper compared to previous studies is the
development of a fiscal autonomy coefficient for the states, based on communal data. The ...
H Ozsoylev… - Economic Theory, 2011 - Springer
Abstract The quality of information in financial asset markets is often hard to estimate.
Reminiscent of the famous Ellsberg paradox, investors may be unable to form a single
probability belief about asset returns conditional on information signals and may act on ...
S Krasa… - Journal of economic theory, 1991 - Elsevier
Abstract This paper studies an economy in which trading takes place in spot commodity
markets and incomplete futures markets for assets of various types. There are real assets
(stocks or commodity futures), options on real assets, and a riskless nominal bond. We ...
JW Müller - European Journal of Political Theory, 2008 - ept.sagepub.com
Abstract This article identifies a distinct strand of 20th-century liberal thought that was
exemplified by Isaiah Berlin, Raymond Aron and, to a lesser extent, Karl Popper. I offer a
stylized account of their common ideas and shared political sensibility, and argue that ...
JW Müller - 2006), Law and Democracy in the Post-National Union, …, 2006 - princeton.edu
With the apparent failure of the European Constitution (at least on the first try…), the search
for a pan-European civic 'identification mechanism'is as likely to be intensified as it is to be
abandoned. 1 Given that most political theorists are reluctant to formulate a liberal pan- ...
J Werner - Discussion Paper Serie B, 1986 - ideas.repec.org
No abstract is available for this item. ... To our knowledge, this item is not available for
download. To find whether it is available, there are three options: 1. Check below under "Related
research" whether another version of this item is available online. 2. Check on the ...
B Torgler… - Public Finance and Management, 2005 - ilpf.de
Abstract Why people pay their taxes voluntarily is a key puzzle in the public finance
literature. Some suggest that factors such as the level of tax morale, defined as the intrinsic
motivation to pay taxes, affects compliance behaviour. While there have been numerous ...
JW Müller - International journal of constitutional law, 2008 - NYU School Law
Abstract This article offers a theory of constitutional patriotism independent of the
controversial social theories of modernization and rationalization with which Jürgen
Habermas's version of constitutional patriotism is associated. It argues that the purpose of ...
JW Muller - The Politics of Memory and Democratization, 2001 - ingentaconnect.com
Abstract: The East German case of transitional justice is unique in more ways than one:
whereas in other Central and Eastern European countries dictatorships disappeared, in East
Germany the country disappeared along with the dictatorship; where in other countries ...
JW Müller - 2003 - books.google.com
German Ideologies since 1945explores the development of German political thought in the
post-war period. The contributors analyze to what extent the much debated Westernization
and Americanization of German political culture was reflected in or even driven by political ...
J Werner - Economic Theory, 2009 - Springer
Abstract When uncertainty is associated with some intrinsically relevant states of nature,
there is no reason for an agent to base his or her preferences only on probability distribution
of claims. We propose a new concept of risk for state-contingent claims that, unlike the ...
J Werner - Economics Letters, 2005 - Elsevier
An agent's preferences exhibit risk aversion with respect to some probabilities of states of
the world if she prefers deterministic outcome equal to the expected value of a state-
contingent outcome under these probabilities to the state-contingent outcome itself. We ...
J Werner, L Guihéry, O Djukic - J. Eco. Asy, 2006 - economics.ca
Abstract: The following paper deals with the fiscal federalism in Bosnia and Herzegovina
(BiH). Besides a detailed description of the development of the fiscal federalism in BiH since
the Dayton peace process, the main focus of this paper is to illustrate how the public ...
[CITATION] Principles of financial economics
F Stephen… - 2000 - Cambridge University Press
KXD Huang… - Economics Working Papers, 1997 - ideas.repec.org
Price bubbles in an Arrow-Debreu valuation equilibrium in infinite-time economy are a
manifestation of lack of countable additivity of valuation of assets. In contrast, known
examples of price bubbles in sequential equilibrium in infinite time cannot be attributed to ...
JW Müller - Critical Review of International Social and Political …, 2007 - Taylor & Francis
Abstract In public justifications, but even more in state practice, it is argued that European
countries are converging on a notion of membership and political attachment that is best
theorized in terms of the category of constitutional patriotism. What once appeared as a ...
JW Müller… - International journal of constitutional …, 2008 - NYU School Law
Constitutional patriotism is one of the most attractive yet ill-defined ideas in modern political
theory. The idea has become most closely associated with Jürgen Habermas and his
attempt to propose a plausible form of collective identification for a postnational Germany ...
Abstract Important implications of the expected utility hypothesis and risk aversion are that if
agents have the same probability belief, then consumption plans in every efficient allocation
of resources under uncertainty are comonotone with the aggregate endowment, and if ...
J Werner - Johann Wolfgang Goethe-University, 2003 - forumfed.org
Abstract This paper examines the German fiscal federalism and especially the revenues
structure of federal states and local authorities in Germany. Besides an illustration of tax
sharing between the three tiers of government in Germany, the main part deals with the ...
[CITATION] Germany at the Junction between Solidarity and Subsidiarity in Richard Bird and Robert Ebel
PB Spahn… - Subsidiary and Solidarity: The Role of …, 2004
J Werner - Working Papers, 2008 - ilpf.de
Abstract: Germany's fiscal federalism has undergone a process of perpetual reform. On the
one hand, some tax sources that have existed up to now–the corporate income tax is a good
example in this context–will shortly be phased out because of changes in the system. On ...
J Werner - Economic Theory, 1991 - Springer
When markets are incomplete, competitive equilibrium is in general not Pareto optimal. The competitive
market mechanism fails the basic efficiency test if some markets are missing. Given this negative
result one could ask whether the competitive mechanism makes anefficient use of the ...
[CITATION] Local Public Finance in Germany
J Werner - … International Practises, Washington, DC/USA, World …, 2006
JW Müller - History of European ideas, 2003 - Taylor & Francis
Heidegger and next to him Carl Schmitt, author of public law… publications and to a certain
degree pupil of Georges Sorel, turn out to be the two intellectual catastrophes of the new
Germany. Schmitt appears to me as the even more dangerous one.(Karl Vossler, in a ...
[CITATION] Another Country: German Intellectuals
JW Müller - Unification and National Identity (New Haven and …, 2000
J Werner - 1985 - opengrey.eu
Arbitrage and equilibrium in economies with incomplete markets. Jan Werner 1986.
J Werner… - Working Papers, 2005 - ilpf.de
Abstract: The following paper deals with the local public finance system in some
Scandinavian countries; namely Denmark, Norway and Sweden. Besides illustrating the
local taxes, the main focus of this paper is the equalisation between the local authorities. ...
CD Aliprantis, DJ Brown… - COWLES …, 1996 - en.scientificcommons.org
Abstract We present necessary and sufficient conditions on the asset span of incomplete
derivative markets for insuring marketed portfolios. If the asset span is finite dimensional
there exists a polynomial-time algorithm for deciding if every marketed portfolio is ...
[CITATION] Memory and Power in Post-war Europe: Studies in the Presence of the Past
J Werner-Müller - 2002 - Cambridge: Cambridge University …
JW Müller - Revue internationale de philosophie, 2006 - cairn.info
John Rawls was not a historian; this much is obvious. What is less obvious is whether or not
his political theory does at crucial points rely on essentially historical arguments. Such a
question would once have seemed far-fetched. After all, the standard story of twentieth- ...
[CITATION] On'European Memory': Some Conceptual and Normative Remarks
JW Müller - A European Memory, 2010
[CITATION] 2002
JW Müller, H Steinbring… - Memory and Power in Post-War …, 2001 - agu.org
M. Müller 2002. Abstract. Article Map. 1. Introduction. 2. LOTEM Survey at Merapi. 3.
One-Dimensional Modeling. 4. Three-Dimensional Modeling. 5. Discussion. 6. Conclusions.
7. Acknowledgments. References. Figures. PDF for Print. Cited by.
JW Müller - Constellations, 2007 - Wiley Online Library
As is well known, constitutional patriotism designates the idea that political attachment ought
to centre on the norms, the values, and, more indirectly, the procedures of a liberal-
democratic constitution. Put differently, allegiance and attachment are not owed primarily ...
JW Müller - Journal of Political Ideologies, 2002 - Taylor & Francis
This article analyses the peculiar nature of the political thought of the leading activists of the
German'68. It first discusses—and then partially dismisses—a number of common
interpretations of the'events', not least because previous accounts have paid insufficient ...
[CITATION] Group systematic desensitization of test anxiety in relation to measured changes in scholastic probation students
JA Werner - 1972 - Texas A&M University.
Z Wang… - Economics Letters, 1994 - Elsevier
Abstract Investment behavior in a portfolio choice situation with one risky and one riskless
asset reflects investors' attitude toward risk. A higher fraction of wealth invested in a risky
asset indicates smaller risk aversion. We examine the equivalence of this way of ...
J Werner… - Working Papers, 2006 - ilpf.de
Abstract: Education is one of the most important services provided by public governments in
almost every country worldwide. However, the most important cross-country observations
about education–like the PISA report by the OECD or the TIMSS by the IEA–focus only on ...
Abstract An important implication of the expected utility model under risk aversion is that if
agents have the same probability belief, then the efficient allocations under uncertainty are
comonotone with the aggregate endowment, and if their beliefs are concordant, then the ...
J Werner… - 2005 - info.worldbank.org
Abstract: Germany's fiscal federalism has undergone a process of perpetual reform. On the
one hand, some tax sources that have existed up to now–the corporate income tax is a good
example in this context–will shortly be phased out because of changes in the system. On ...
JW Müller - European Journal of Political Theory, 2003 - ept.sagepub.com
Few intellectuals can afford to have a publication series devoted to their own 'occasional
political writings'. Yet Jürgen Habermas has pulled off this feat for a number of decades now.
Every three or four years he collects miscellaneous pieces of political-philosophical ...
JW Müller - European Law Journal, 2008 - Wiley Online Library
Abstract: Especially since the failure of the European Constitutional Treaty, the idea of a
European constitutional patriotism has become subject to ever more intense criticism. This
article argues that many of the criticisms of the idea of a European constitutional patriotism ...
[CITATION] Introduction: Putting German Political Thought in Context
JW Müller - German Ideologies since, 1945
JW Müller - Jurisprudence and the War on Terrorism'conference at …, 2006 - princeton.edu
... Scott Horton (ed.), Jurisprudence and the War on Terror] Jan-Werner Müller, ... traditional law, at
least in the novel geopolitical constellation with which Schmitt 40 Jan-Werner Müller, 'Carl Schmitt –
an Occasional Nationalist?', in: History of European Ideas, vol. 23, no. 1 (1997). ...
[CITATION] The Promise of “Demoi-cracy”: Democracy, Diversity and Domination in the European Public Order
JW Müller - Political Theory of the European Union, 2010
[CITATION] Constitutional Patriotism (Princeton
JW Muller - NJ: Princeton University
L Guihéry… - Revue de l'OFCE, 2005 - cairn.info
Résumé La fiscalité communale en Allemagne est l'objet aujourd'hui d'une attention
particulière. Nous la décrivons précisément, en mettant en lumière l'effet de ciseaux entre
des recettes fiscales locales limitées et contraintes, et l'augmentation des compétences ...
[CITATION] Local Government Organization and Finance: German
J Werner - Local Governance in Industrial Countries, Washington: …, 2006
J Werner - 2002 - econ.umn.edu
Abstract: When uncertainty is associated with some intrinsically relevant states of nature,
there is no reason for an agent to base his or her preferences only on probability distribution
of claims. We propose a new concept of risk for statecontingent claims that, unlike the ...
[CITATION] Risk Aversion for Multiple-Prior and Variational Preferences
J Werner - University of Minnesota (submitted for publication, …, 2009
J Werner… - Institute of Local Public Finance, Langen, …, 2007 - ilpf.de
Abstract: The following paper examines the different options to finance local public
infrastructure in Ethiopia based on the assumption that the federal government of Ethiopia
will not provide any guarantees for local borrowing. Besides a detailed description of the ...
D Brown… - 1993 - hss.caltech.edu
Abstract This paper develops a framework for a. general equilibrium analysis of asset
markets when the number of assets is infinite. Such markets have been studied in financial
economics in the context of asset pricing theories. A distinctive feature of an equilibrium ...
J Werner - Journal of Mathematical Economics, 2010 - Elsevier
The objective of this paper is to identify variational preferences and multiple-prior (maxmin)
expected utility functions that exhibit aversion to risk under some probability measure from
among the priors. Risk aversion has profound implications on agents' choices and on ...
[CITATION] From Cristian Democracy to muslim democracy
JW MUELLER - 2008 - Project Syndicate
JW Müller - Journal of Modern European History, 2008 - Verlag CH Beck
«Unser Philadelphia?» Über die politische und Ideengeschichte der «europäischen
Verfassung» In Plänen zur europäischen Einigung in der ersten Hälfte des 20. Jahrhunderts–
ob von Politikern oder Intellektuellen initiiert–spielte die Idee einer geschriebenen ...
JW Müller - Journal of Contemporary History, 2011 - jch.sagepub.com
Abstract The first part of this essay examines the peculiar role European intellectual history
played in coming to terms with the twentieth century as an 'Age of Extremes' and the different
weight it was given for that task at different times and in different national contexts up to ...
JW Müller - Dissent, 2006 - dissentmagazine.org
I n the 1980s and early 1990s, one could be forgiven for getting the impression that
Germans had a monopoly on self-obsessed debates about their “identity.” When the country
was still divided, politicians and intellectuals joined in what seemed to be an interminable ...
[CITATION] Recovering the Age of Social Democracy
JW Müller - Dissent, 2007 - University of Pennsylvania Press
JW Müller - Dissent, 2011 - princeton.edu
A nationalist conservative revolution has triumphed in Budapest; its leaders are busy
dismantling constitutionalism and the rule of law. How could this have happened? And can
the Western Left do anything about it? There was a time when Hungary seemed the best ...
JW Müller - Journal of Political Ideologies, 2009 - Taylor & Francis
This note explores new ways of thinking about the history of political thought in twentieth-
century Europe. It argues that more attention ought to be paid to the interaction between
political thought or imagination on the one hand and, on the other, actual political ...
JW Müller - European Journal of Political Theory, 2002 - ept.sagepub.com
Abstract This article analyses the reception of John Rawls's thought by Otfried Höffe, Jürgen
Habermas and other political theorists on the German liberal left. It argues that, ironically, as
Rawls's theory has become more historically self-conscious and sociologically oriented ...
J Werner - 2004 - users.ox.ac.uk
Abstract: We show the possibility of market crash in rational expectations equilibrium due to
information-regime switching. As the equilibrium price of an asset decreases in a smooth
way due to adverse demand pressure of noise traders, it reaches a critical value at which ...
[CITATION] Dangerous Mind: Carl Schmitt and the Legacies of Antiliberalism
JW Müller - 2003 - Yale University Press
JW Müller - princeton.edu
Constitutional patriotism, as is fairly well known, emerged from debates about national
identity in a divided country facing an extremely difficult past: post-war West Germany. It had
initially been advanced in the late 1970s and early 1980s by the political theorist Dolf ...
B Torgler… - socialpolitik.org
Abstract: This paper analyses fiscal autonomy in Germany. First, it provides an overview of
fiscal autonomy. What is novel in this paper compared to previous studies is the
development of a fiscal autonomy coefficient for the states, based on communal data. The ...
JW Müller - Perspectives on Politics, 2011 - Cambridge Univ Press
tainly part of social science's mission. It is excellent that the authors point out, for example,
that increased inclusiveness in candidate selection is not the same as increased
participation, and that the ostensible “democratization” of the selectorate through the ...
SF LEROY… - Recherche, 2001 - lavoisier.fr
Financial economics, and the calculations of time and uncertainty derived from it, are playing
an increasingly important role in non-finance areas, such as monetary and environmental
economics. Professors Le Roy and Werner here supply a rigorous yet accessible ...
[CITATION] 2002 NBER General Equilibrium Conference (2002, Vol. 29, No. 16.)
J Werner
J Werner - 2005 - economics.sas.upenn.edu
Abstract: The objective of this paper is to identify multiple-prior (maxmin) expected utility
functions that exhibit aversion to risk under some probability measure from among the priors.
Risk aversion has profound implications on agents' choices and on market prices and ...
[CITATION] tAe Warsaw Stock Exchange
J Werner - Periphery: journal of Polish affairs, 2000 - Periphery
PW Europe… - questia.com
How has memory – collective and individual – influenced European politics after the Second
World War and after 1989 in particular? How has the past been used in domestic struggles for
power, and how have 'historical lessons' been applied in foreign policy? While there is ...
F Harinck, T Nagtegaal, I Kluijt, C Aalfs, E Smets… - journals.lww.com
The editors of this journal are pleased to offer electronic publication of accepted papers prior
to print publication. These papers can be cited using the date of access and the unique DOI
number. Any final changes in manuscripts will be made at the time of print publication and ...
[CITATION] Survey of Exceptional Children
CR Anderson… - 1972 - Selected Academic Readings, …
JW Müller - Oxford German Studies, 2009 - ingentaconnect.com
Abstract: In the late 1990s, the process of coming to terms with the GDR past was generally
perceived as a success both inside and outside Germany. A decade later, criticisms seem to
outweigh positive assessments. In particular, critics point to the rosy picture many people ...
[CITATION] Peculiarities of the German Debates on European Integration
JW Muller - European stories: intellectual debates on Europe in …, 2010 - Oxford Univ Pr
V Alexander, M Mandler, JA Brox… - 2006 - apforum.org
Abstract. In a monetary union of the European type the reduction in exchange rate
uncertainty alone cannot account for the differences in the economic performance of its
member countries. It is shown that traditionally unstable countries like Portugal and ...
[CITATION] Not Done Yet!: An Easy Guide to Proven Anti-aging Secrets for Seniors: what Doctors Don't Tell Us
J Werner - 2003 - Tennessee Valley Pub.
JW Müller - 2011 - books.google.com
This book is the first major account of political thought in twentieth-century Europe, both
West and East, to appear since the end of the Cold War. Skillfully blending intellectual,
political, and cultural history, Jan-Werner Müller elucidates the ideas that shaped the ...
JW Müller - European Journal of Political Theory, 2006 - ept.sagepub.com
Abstract In the early 1930s, Julien Benda provided one of the most uncompromising visions
for a united Europe. In line with his rationalist universalism, Benda sought a continent that
was cleansed of passion and particularism, and called on European intellectuals to act as ...
[CITATION] Trees Mean Business: A Study of the Economic Impacts of Trees and Forests in the Commercial Districts of New York City and New Jersey
JEB Werner - 2001 - Trees New York
JW Müller - The American Historical Review, 2009 - JSTOR
At the beginning of his book, A. Dirk Moses announces that he is not meeting the
“expectation” that he would be the “generational biographer” of the so‐called “forty‐fivers”:
those intellectuals born in the late 1920s and early 1930s for whom Nazism and its end ...
JW Müller - The American Historical Review, 2005 - JSTOR
The somewhat arcane German tradition of public (or, literally, state) law, the so‐called
Staatsrechtslehre, has been of increasing interest to historians as well as legal and political
theorists in the English‐speaking world. In particular, the public law debates during the ...
[CITATION] Theory of incomplete markets: Cambridge[ua], MIT Press, 1996, Vol. 1
J Werner - Journal of economic literature, 1998
J Werner - Journal of public administration and policy research, 2009 - ilpf.de
On December 6th, 1978 the Spanish population implemented its new constitution by means
of a referendum and finalised the transition process from the Franco regime to a modern
democracy based on a parliamentary monarchy. In the next 30 years the fiscal power and ...
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