http://collections.yadvashem.org/photosarchive/en-us/38899.html

Dresden was an area known for its decorating studios !! Its really more of a style of decorating that they were known for !! If there is no studio name, then it is most likely that the initials are those of the person who did the artwork !! They did not mfr porcelain there and most of the blanks were purchased from Meissen and others !! That said,, I did find the link above interesting and since YV is an unusual initial,, I wondered if the decorator was this lady !! Hair on the doll and the pic is same color ,, maybe a self portrait of sorts ?? She painted to resemble herself ?? Just a thought !!
Chris Marshall is an expert on porcelain of that area and is a member here !! Perhaps he will know more !! His website is www.porcelainmarksandmore.com