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Università della Svizzera italiana

Valuing quality improvements in environmental goods : a case study for the Ticino river

Buchli, Loa ; Filippini, Massimo (Dir.) ; Maggi, Rico (Codir.) ; Soguel, Nils (Codir.)

Thèse de doctorat : Università della Svizzera italiana, 2004 ; 2004ECO006.

Where prices are missing as an indicator of value, economic non-market valuation represents an important tool for efficient and transparent decision-making. Given that environmental goods and services are often priceless, environmental economists have a long history of applying valuation tools. Two prominent valuation approaches are the Contingent Valuation Method (CVM) and the Travel Cost Method...

Università della Svizzera italiana

Hedging and risk measurement for option portfolios

Fierli, Francesco ; Barone-Adesi, Giovanni (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2004 ; 2004ECO005.

In the first part of this work we address the problem of parameter misspecification in a generic class of stochastic volatility models. We extend the approach proposed by Avellaneda, Levy and Paràs (1995) (hereafter ALP) by moving from a framework with uncertain volatility to the uncertainty on volatility process parameters. We assume that parameter values of the stochastic volatility model are...