Applications of point processes in empirical economics and finance [Elektronische Ressource] / vorgelegt von Kerstin Kehrle

Applications of Point Processes in EmpiricalEconomics and FinanceInaugural-Dissertationzur Erlangung des Doktorgradesder Wirtschaftswissenschaftlichen Fakultat¨der Eberhard-Karls-Universitat Tubingen¨ ¨vorgelegt vonKerstin Kehrleaus Augsburg2010Dekanin: Prof. Dr. rer. pol. Kerstin PullErstberichterstatter: Prof. Dr. rer. pol. Joachim GrammigZweitberichterstatter: Prof. Dr. rer. pol. Martin BiewenTag der mu¨ndlichen Pru¨fung: 16. Dezember 2009AcknowledgmentsUnd jedem Anfang wohnt ein Zauber inne,der uns beschu¨tzt und der uns hilft zu leben.A magic dwells in each beginning,protecting us tells us how to live.(Hermann Hesse)Although,IofficiallystartedmyPhDinOctober2005, statisticsandeconometricssparkedmy interests and fascination already during my first semesters at the University of Tubingen¨and Katholieke Universiteit Leuven. I want to thank my undergraduate teachers GerdRonning and Robert Jung for introducing me to the field, for employing me as a studentassistant and for allowing me to collect my first teaching experiences as an undergraduatetutor.As a PhD student I had the pleasure to present my work at various seminars andconferences. I gratefully acknowledge financial support from the German EconomicAssociation, the International Institute of Forecasters and the Graduate School of Economicsat the University of Tu¨bingen. I thank all seminar and conference participants for usefulcomments.