Publications des institutions partenaires
Betriebliche Personalpolitik im technologischen und organisatorischen Innovationsprozess
Technologische und organisatorische Innovationen stellen heutzutage große Anforderungen an eine moderne Personalpolitik und andere Bereiche der Unternehmenspolitik. Sie können auf betriebliche Geschäftsstrategien ebenso Einfluss ausüben wie auf die Veränderung von Unternehmensgrenzen und ziehen in der Regel erhebliche personelle Konsequenzen in quantitativer und qualitativer Hinsicht…
Institution partenaire
Deutsch / 15/09/2004
Divisible good auctions: the role of allocation rules
We examine the role of allocation rules in determining the set of equilibrium prices in uniform- price auctions. Beginning with Wilson (1979), the theoretical literature has argued that these auctions are subject to possible low equilibrium prices. We show that this is due to the way the asset is being divided. We focus on allocation rules that specify the way the asset is divided in…
Institution partenaire
English / 01/04/2004
Underpricing and market power in uniform price auctions
In uniform auctions, buyers chosse demand schedules as strategies and the same "market clearing" price for units awarded. Despite the widespread use of these auctions, the extant theory shows that they are susceptible to arbitrarily large underpricing. We make a realistic modification to the theory by letting prices, quantities, and bids be discrete. We show that…
Institution partenaire
English / 01/01/2004
Stationary Markov equilibria for overlapping generations
At a stationary Markov equilibrium of a Markovian economy of overlapping generations, prices at a date-event are determined by the realization of the shock, the distribution of wealth and, with production, the stock of capital. Stationary Markov equilibria may not exist; this is the case with intra-generational heterogeneity and multiple commodities or long life spans. Generalized…
Institution partenaire
English / 01/01/2004
Testable implications of general equilibrium theory: A differentiable approach
Is general equilibrium theory empirically testable? Our perspective on this question differs fromthe standard, Sonnenschein–Debreu–Mantel (SDM) viewpoint. While the SDM tradition considersaggregate (excess) demand as a function of prices, we suppose that what is observable is the equilibriumprice vector as a function of the fundamentals of the economy.We apply this perspective to…
Institution partenaire
English / 01/01/2004
Is intertemporal choice theory testable?
Kreps–Porteus preferences constitute a widely used alternative to time separability. We showin this paper that with these preferences utility maximization does not impose any observable restrictions on a household’s savings decisions or on choices in good markets over time. The additional assumption of a weakly separable aggregator is needed to ensure that the assumption of utility…
Institution partenaire
English / 01/01/2004
Institutionenökonomische Ansätze des Personalmanagements
Institution partenaire
Deutsch / 01/01/2004
Ökonomische Analyse der Professorenbesoldungsreform in Deutschland. Koreferat zum Referat Harbring/Irlenbusch/Kräkel
Institution partenaire
Deutsch / 01/01/2004
Zum Einfluss von Bildungssignalen auf innovative Unternehmensgründungen: Eine theoretische und empirische Analyse
Institution partenaire
Deutsch / 01/01/2004
A new approach to markov-switching GARCH models
Institution partenaire
English / 01/01/2004
Modeling higher frequency macroeconomic data: an application to German monthly money demand
Institution partenaire
English / 01/01/2004
Das System der Hochschulfinanzierung in der Schweiz – ein weiterführender Ansatz für Deutschland
Institution partenaire
Deutsch / 01/01/2004
Erfolgsabhängige Gehälter, Belohnung für den Zufall und der Einfluss des Managements auf die Gestaltung seines eigenen Vergütungssystems
Institution partenaire
Deutsch / 01/01/2004
Web-based knowledge management in product concept development: the DELI approach
In this paper, we describe DELI ("Development Interactive"), a method and software system that supports the product concept development phase by multi-functional product development teams using Marketing Engineering methods. After motivating our research, we present core concepts underlying DELI: a data model encompassing customer and product attributes and preferences as…
Institution partenaire
English / 01/01/2004
Multiple Unit Auctions and Short Squeezes
This article develops a theory of multiunit auctions where short squeezes can occur in the secondary market. Both uniform and discriminatory auctions are studied and bidders can submit multiple bids. We show that bidders with short and long preauction positions have different valuations in an otherwise common value setting. Discriminatory auctions lead to more short squeezing and…
Institution partenaire
English / 11/08/2003
Marktwertorientierte Unternehmensführung: Anreiz- und Kommunikationsaspekte
Institution partenaire
Deutsch / 01/01/2003
Stationary equilibria in asset-pricing models with incomplete markets and collateral
We consider an infinite-horizon exchange economy with incomplete markets and collateral constraints. As in the two-period model of Geanakoplos and Zame (2002), households can default on their liabilities at any time, and financial securities are only traded if the promises associated with these securities are backed by collateral. We examine an economy with a single perishable…
Institution partenaire
English / 01/01/2003
Computing moments of ratios of quadratic forms in normal variables
The accuracy and speed of numerical methods for computing the moments of a ratio of quadratic forms in normal variables is examined, with particular application to the sample autocorrelation function. Methods based on a saddlepoint approximation are demonstrated to be not only superior to existing approximations, but are numerically reliable and virtually as accurate as the method…
Institution partenaire
English / 01/01/2003
Prediciton of Financial Downside-Risk with Heavy-Tailed Conditional Distributions
Institution partenaire
English / 01/01/2003
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