Thomas von Ungern-Sternberg
Biographic Data
| ID | 5736753 |
|---|---|
| NAME | Thomas von Ungern-Sternberg |
| GIVEN NAMES | Thomas |
| FAMILY NAME | von Ungern-Sternberg |
| SIGNATURE | VON UNGERN-STERNBERG T |
| VERIFIED | No |
| TOTAL WORKS | 9 |
| TOTAL CITATIONS | 7 |
| WORKS AS AUTHOR | 9 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1981 |
| LATEST PUBLICATION YEAR | 2010 |
| H-INDEX | 1 |
Risk Selection in Natural-Disaster Insurance
It is widely recognized that market failure prevents efficient risk sharing in natural-disaster insurance, leading to several public-private partnership arrangements across the globe. We argue that risk selection by the private partner is potentially an important issue. We illustrate our concerns with a simple model of reinsurance in a natural-disaster insurance market, based on the French system. Risk selection is a likely equilibrium outcome. N…
Swiss Auctions
This paper studies a model of simultaneous sealed-bid multiobject auctions where the designated winner has the possibility of withdrawing his bid. It is shown that, when the bidders face rising marginal costs (a capacity constraint), the introduction of such a withdrawal option may lead to lower equilibrium prices. Furthermore, an increase in the slope of the marginal cost curve may lead to lower equilibrium prices
To patent or to publish
The Flexibility to Switch between Different Products
In many situations of fluctuating demand, firms react by diversifying into several different markets. The use of flexible (non-dedicated) equipment implies higher costs for the production of one good, but makes it easier (less costly) to switch to the production of another. When flexibility is modelled in this way, the market will usually be characterized by the coexistence of a variety of different firms, some using (high-cost) flexible technolo…
Does the Swiss National Bank Stabilize the Swiss Franc Exchange Rates
The starting point of this article is the observation that many of the Granger-causality tests for policy effectiveness that have been performed are likely to be severely biased because of omitted variables problems. An alternative procedure that does not suffer from this handicap is proposed to test for the stabilizing effect of economic policy interventions. The procedure is applied to test whether the Swiss National Bank's monetary interventio…
Does the Swiss National Bank Stabilize the Swiss Franc Exchange Rates
Information Costs, Intermediation and Equilibrium Price
mainly for the sake of simplicity. More important is the realization that markets do indeed differ significantly in the ways consumers can obtain information. In some markets there are brokers, test magazines, leasing companies, etc., which serve to alleviate the information problem facing the buyers. In other markets word-of-mouth recommendations and advertising are the only sources of information available. It seems reasonable to suppose that t…
Sealed Bid Auctions and the Search for Better Information
by the quality of the information available to the players. In particular the analysis is designed to give some insight into the players' incentives to obtain an informational advantage over their competitors. Our interest lies mainly in understanding the economic structure of the problem, and analysing the interactions that occur among the players. We have, therefore, limited ourselves to the analysis of a model with quite restrictive assumption…
Inflation and Savings
Journal Article Inflation and Savings: International Evidence on Inflation-Induced Income Losses Get access Thomas von Ungern-Sternberg Thomas von Ungern-Sternberg University of Bonn Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 91, Issue 364, 1 December 1981, Pages 961–976, https://doi.org/10.2307/2232502 Published: 01 December 1981
Inflation and Savings
Journal Article Inflation and Savings: International Evidence on Inflation-Induced Income Losses Get access Thomas von Ungern-Sternberg Thomas von Ungern-Sternberg University of Bonn Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 91, Issue 364, 1 December 1981, Pages 961–976, https://doi.org/10.2307/2232502 Published: 01 December 1981
Information Costs, Intermediation and Equilibrium Price
mainly for the sake of simplicity. More important is the realization that markets do indeed differ significantly in the ways consumers can obtain information. In some markets there are brokers, test magazines, leasing companies, etc., which serve to alleviate the information problem facing the buyers. In other markets word-of-mouth recommendations and advertising are the only sources of information available. It seems reasonable to suppose that t…
Sealed Bid Auctions and the Search for Better Information
by the quality of the information available to the players. In particular the analysis is designed to give some insight into the players' incentives to obtain an informational advantage over their competitors. Our interest lies mainly in understanding the economic structure of the problem, and analysing the interactions that occur among the players. We have, therefore, limited ourselves to the analysis of a model with quite restrictive assumption…
Inflation and Savings
Journal Article Inflation and Savings: International Evidence on Inflation-Induced Income Losses Get access Thomas von Ungern-Sternberg Thomas von Ungern-Sternberg University of Bonn Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 91, Issue 364, 1 December 1981, Pages 961–976, https://doi.org/10.2307/2232502 Published: 01 December 1981
Sealed Bid Auctions and the Search for Better Information
by the quality of the information available to the players. In particular the analysis is designed to give some insight into the players' incentives to obtain an informational advantage over their competitors. Our interest lies mainly in understanding the economic structure of the problem, and analysing the interactions that occur among the players. We have, therefore, limited ourselves to the analysis of a model with quite restrictive assumption…
Information Costs, Intermediation and Equilibrium Price
mainly for the sake of simplicity. More important is the realization that markets do indeed differ significantly in the ways consumers can obtain information. In some markets there are brokers, test magazines, leasing companies, etc., which serve to alleviate the information problem facing the buyers. In other markets word-of-mouth recommendations and advertising are the only sources of information available. It seems reasonable to suppose that t…
Does the Swiss National Bank Stabilize the Swiss Franc Exchange Rates
The starting point of this article is the observation that many of the Granger-causality tests for policy effectiveness that have been performed are likely to be severely biased because of omitted variables problems. An alternative procedure that does not suffer from this handicap is proposed to test for the stabilizing effect of economic policy interventions. The procedure is applied to test whether the Swiss National Bank's monetary interventio…
Does the Swiss National Bank Stabilize the Swiss Franc Exchange Rates
To patent or to publish
The Flexibility to Switch between Different Products
In many situations of fluctuating demand, firms react by diversifying into several different markets. The use of flexible (non-dedicated) equipment implies higher costs for the production of one good, but makes it easier (less costly) to switch to the production of another. When flexibility is modelled in this way, the market will usually be characterized by the coexistence of a variety of different firms, some using (high-cost) flexible technolo…
Swiss Auctions
This paper studies a model of simultaneous sealed-bid multiobject auctions where the designated winner has the possibility of withdrawing his bid. It is shown that, when the bidders face rising marginal costs (a capacity constraint), the introduction of such a withdrawal option may lead to lower equilibrium prices. Furthermore, an increase in the slope of the marginal cost curve may lead to lower equilibrium prices
Risk Selection in Natural-Disaster Insurance
It is widely recognized that market failure prevents efficient risk sharing in natural-disaster insurance, leading to several public-private partnership arrangements across the globe. We argue that risk selection by the private partner is potentially an important issue. We illustrate our concerns with a simple model of reinsurance in a natural-disaster insurance market, based on the French system. Risk selection is a likely equilibrium outcome. N…
Economics (8 works) · Business (5 works) · Microeconomics (5 works) · Macroeconomics (4 works) · Monetary economics (4 works) · Computer Science (3 works) · Actuarial science (2 works) · Common value auction (2 works) · Consumer Market Behavior and Pricing (2 works) · Digital Platforms and Economics (2 works)