infonet-economy

The impact of intra-team pay dispersion on team productivity is a highly discussed issue. On the one hand, wage differentials provide incentives for higher employee effort. On the other hand, pay inequality may reduce team cohesiveness and increase feelings of relative deprivation leading to lower performance. Analysing nonlinear effects of wage dispersion in professional soccer, we…

Risk aversion plays a central role in the decisions made in the face of uncertainties, and climate-change mitigation should be no exception. However, the interlinkage of risk aversion and climate-change uncertainties has hardly been investigated numerically, in part because of the computational difficulties of stochastic optimization. In this paper, we apply the numerical techniques…

This paper studies profit-maximizing seller behavior when brand image affects demand. We consider a seller facing a population of consumers with heterogeneous tastes regarding product quality and brand image. First, we analyze<I> active branding</I> by the seller through costly advertising. Our analysis shows that advertising, price, and profits are all increasing in the…

Unternehmerisches Denken und Handeln bedingt auch das Wissen um die Verantwortung für die sozialen und ökologischen Belange einer Volkswirtschaft. Die Übernahme von Ehrenämtern durch engagierte Personen ist dabei eine Möglichkeit der Umsetzung dieser Verantwortung. Dass ein solches Engagement zu einem festen Bestandteil des universitären Lebens gehört,
zeigen die drei Autoren…