Publication

Equilibrium Asset Pricing and Portfolio Choice Under Asymmetric Information

Publications associées (29)

Essays in Banking and Financial Regulation

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This thesis examines how banks choose their optimal capital structure and cash reserves in the presence of regulatory measures. The first chapter, titled Bank Capital Structure and Tail Risk, presents a bank capital structure model in which bank assets ...

EPFL2021

Informational frictions in financial markets

Erik Hapnes

This thesis consists of three chapters on informational frictions in financial markets. The chapters analyze problems related to markets' ability to guide real investment, and what drives liquidity. Both problems are important to ensure efficient resource ...

EPFL2021

COVID-19: data-driven dynamic asset allocation in times of pandemic

Anna Timonina-Farkas

The COVID-19 pandemic has demonstrated the importance and value of multi-period asset allocation strategies responding to rapid changes in market behavior. In this article, we formulate and solve a multi-stage stochastic optimization problem, choosing the ...

AMER INST MATHEMATICAL SCIENCES-AIMS2021

Evidence of a coupled electron-phonon liquid in NbGe2

Mathieu François Padlewski, Philip Johannes Walter Moll, Matthias Carsten Putzke, Hao Yang

Whereas electron-phonon scattering relaxes the electron's momentum in metals, a perpetual exchange of momentum between phonons and electrons may conserve total momentum and lead to a coupled electron-phonon liquid. Such a phase of matter could be a platfor ...

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Tomographic reconstruction of the runaway distribution function in TCV using multispectral synchrotron images

Basil Duval, Joan Decker, Umar Sheikh, Gergely Papp, Artur Perek

Synchrotron radiation observed in a quiescent Tokamak a Configuration Variable (TCV) runaway discharge is studied using filtered camera images targeting three distinct wavelength intervals. Through the tomographic simultaneous algebraic reconstruction tech ...

IOP Publishing Ltd2021

Moment approach of the multi-species non-linear Coulomb collision operator adapted to particle-in-cell codes

Stephan Brunner, Laurent Villard, Emmanuel Lanti, Noé Thomas Elie Ohana, Moahan Murugappan, Claudio Gheller

In this article an approximated version of the multi-species, non-linear Coulomb collision operator is derived via the use of a truncated moment expansion of the distribution function to compute the Rosenbluth potentials. The evolution of the distribution ...

2021

Development of a novel two-phase flow solver for nuclear reactor analysis: algorithms, verification and implementation in OpenFOAM

Andreas Pautz, Stefan Radman, Carlo Fiorina

A porous medium-based representation of nuclear reactors and complex engineering systems more in general can significantly reduce simulation and modelling costs, while preserving a reasonable degree of accuracy via regime map-based correlations for modelli ...

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A mixture model for a dilute dispersion of gas in a liquid flow: Mathematical analysis and application to aluminium electrolysis

Marco Picasso, Jacques Rappaz, Emile Tryphon Pierre Soutter

A mixture model to take into account the flow of small carbon dioxide bubbles dissolved in a liquid is presented. The model describes the evolution of the velocity fields (mixture and gas), the pressure and the volume fraction of gas. The system of equatio ...

2021

Feedback and Common Information: Bounds and Capacity for Gaussian Networks

Erixhen Sula

Network information theory studies the communication of information in a network and considers its fundamental limits. Motivating from the extensive presence of the networks in the daily life, the thesis studies the fundamental limits of particular network ...

EPFL2021