Publications des institutions partenaires
Evaluation of Aggressive Competitive Pricing Strategies
The main contribution of this paper is a method that allows one to study the effects of different degrees of competition. We find that optimal prices and profits are more sensitive to cooperative than to aggressive behavior on the part of competitors. With more aggressive policies, the average pricing level decreases and the average difference between high and low prices increases.…
Institution partenaire
English / 01/01/1998
Wachstum und Beschäftigung durch Rationalisierung oder Innovation?
Institution partenaire
Deutsch / 01/01/1998
On the asymptotic convergence to mixed equilibria in 2×2 asymmetric games
We analyse the stability properties of mixed equilibria in 2×2 asymmetric games under evolutionary dynamics. With the standard replicator dynamics these equilibria are stable but not asymptotically stable. We modified the replicator dynamics by introducing players of two types: myopies — like in the standard replicator dynamics — and best
responders. The behaviour of the latter…
Institution partenaire
English / 01/12/1997
Ein Pool-Modell für die schweizerische Elektrizitätswirtschaft
Institution partenaire
English / 01/11/1997
The impact of income inequality on product diversity and long-run economic growth in a model with hierarchical demand
The paper presents an empirical analysis of a model of endogenous growth and innovation with unequal incomes and hierarchical consumer demand. The theoretical model predicts a positive impact of income inequality on product diversity. The impact of inequality on per-capita growth may be positive or negative depending upon the assumptions about productivity growth, where the standard…
Institution partenaire
English / 01/10/1997
Why are the unemployed so unhappy? Evidence from panel data
This paper tests for the importance of non-pecuniary costs of unemployment using a longitudinal data-set on life-satisfaction of working-age men in Germany. We show that unemployment has a large detrimental effect on satisfaction after individual specific fixed effects are controlled for. The non-pecuniary effect is much larger than the effect that stems from the associated loss of…
Institution partenaire
English / 22/01/1997
Comment on: F.M. Scherer, "How US antitrust can go astray: the brand name prescription drug litigation"
Comments on the article `How US Antirust Can Go Astray: The Brand Name Prescription Drug Litigation,' by F.M. Scherer. Discussion of the issue of patent protection; Uniform monopoly price; Summary of price differentiation between groups of consumers.
Institution partenaire
English / 01/01/1997
How young workers get their training: A survey of Germany versus the United States
The recent economic literature on the incidence of various forms of post-secondary on-the-job and off-the-job training in Germany and the United States, as well as on the effects of training on wages, inequality, and labor mobility is surveyed. Young workers in Germany receive substantially more company-based (apprenticeship) training than United States workers. In the United States…
Institution partenaire
English / 01/01/1997
Der Flottenmanager als Intermediär zwischen Hersteller und Nutzer - eine theoretische Untersuchung
Institution partenaire
Deutsch / 01/01/1997
Über die raum-zeitliche und institutionelle Entkopplung von Arbeitsprozessen durch Informations- und Kommunikationstechnik
Institution partenaire
Deutsch / 01/01/1997
An embedding result for generalized Orlicz-Sobolev spaces
Institution partenaire
English / 01/01/1997
Ausgewählte Anwendungen der Theorie unvollständiger Verträge
Institution partenaire
Deutsch / 01/01/1997
Embeddedness, power, control and innovation in the telecommunications sector
In the present paper, relationships between embeddedness, power, control and innovation are examined in the context ofthe telecommunications sector. It is contended that in a tightly embedded, technology-intensive sector, technological and economic control are closeb intertwined. Consequently, the ability to appropriate economic rents is large& based on technological control. In…
Institution partenaire
English / 01/01/1997
Adaptive methods in macroeconomic forecasting
Adaptive methods are used to forecast three main Austrian economic indicators. We use a weighted recursive model as well as a neural network approach both with and without adaptive characteristics and compare our results to the forecasts of two Austrian research institutes. It appears that even models which use very limited information can outperform the two Institutes’ forcasts of…
Institution partenaire
English / 01/01/1997
The choice between emission taxes and output taxes under imperfect monitoring
We consider a regulator's choice between environmentally motivated emissions taxes and output taxes. We investigate how the optimal instrument depends on the monitoring cost function, the firm's technology, and on social preferences regarding output and environmental quality. Pure emissions taxes are usually not optimal with monitoring costs. Pure output taxes are optimal…
Institution partenaire
English / 01/01/1997
Was prometheus unbound by chance? Risk diversification and growth
This paper offers a theory of development that links the degree of market incompleteness to capital accumulation and growth. At early stages of development, the presence projects limits the degree of risk spreading (diversification) that the economy can achieve. The desire to avoid highly risky investments slows down capital accumulation, and the inability to diversify idiosyncratic…
Institution partenaire
English / 01/01/1997
Efficient private provision of public goods when by rewarding deviations from average
This paper proposes the following incentive scheme for the private provision of public goods: government should reward and penalize deviations from the mean contribution by an appropriate factor. This makes efficient contribution individually rational even if individuals see through the government budget constraint.
Institution partenaire
English / 01/11/1996
The Swiss decision support system: State of the art and experiences
Development of the Decision Support System (DSS) used by the National Emergency Operations Centre in Switzerland began immediately after the accident at Chernobyl. The system will evaluate acceptable countermeasures following the accidental release of radioactivity in order to reduce ingestion dose. The DSS - not designed for the very early phase following the accidental release of…
Institution partenaire
English / 11/10/1996
Long-term care insurance and bequests as instruments for shaping intergenerational relationships
The growing demand for long-term care (LTC) causes the relationship between children and their parents to gain increased importance for society. Parents may create incentives for children to provide LTC through bequests, or they may purchase LTC insurance. While these instruments have been analyzed separately in the literature, this article shows that optimal LTC insurance must be…
Institution partenaire
English / 01/01/1996
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