Publications des institutions partenaires
Tail Risk in Hedge Funds: A Unique View from Portfolio Heldings
We develop a new tail risk measure for hedge funds to examine the impact of tail risk on fund performance and to identify the sources of tail risk. We find that tail risk affects the cross-sectional variation in fund returns, and investments in both, tail-sensitive stocks as well as options, drive tail risk. Moreover, managerial incentives and discretion as well as exposure to…
Institution partenaire
English / 27/06/2017
Scotland and Northern Ireland caught between Brexit, international and EU law: why a custom barrier within the British Isles might be unavoidable
The aim of the paper is to foresee the constitutional and international status of Scotland and Northern Ireland following the triggering of the art. 50 Treaty of the European Union's (TEU) mechanism by the British Government, with a special focus on the possible termination of the free movement of goods within the British Isles.
Institution partenaire
Institut de hautes études internationales et du développement
/ 26/06/2017
Domestic value chains as stepping stones to global value chain integration
We analyze the role of Domestic Value Chains (DVCs) for Global Value Chain (GVC) integration. In the presence of industry specific fixed costs of fragmenting production and of switching across input suppliers, DVCs can either be stepping stones or stumbling blocks for GVCs. Focusing on backward linkages, that is the sourcing of intermediates, we provide robust empirical evidence in…
Institution partenaire
Institut de hautes études internationales et du développement
/ 26/06/2017
Free-riding on enforcement in the WTO
Countries can challenge potential trade violations using the WTO's dispute settlement system, yet many policies that appear to violate WTO rules remain unchallenged, even when they have a significant economic impact. Why is this? We argue that the likelihood that a country challenges a protectionist policy is linked to how concentrated or diffuse the policy is. When a policy is…
Institution partenaire
Institut de hautes études internationales et du développement
/ 26/06/2017
Konjunkturanalyse: Prognose 2017/2018. Konjunkturbild verbessert sich weiter
Abberger, Klaus; Abrahamsen, Yngve; Chatagny, Florian; Dibiasi, Andreas; Eckert, Florian; Eichenberger, Livia; Funk, Anne Kathrin; Graff, Michael; Hälg, Florian; Iselin, David; Mikosch, Heiner; Neuwirth, Stefan; Rathke, Alexander; Sandqvist, Pauliina; Sarferaz, Samad; Siegenthaler, Michael; Simmons-Süer, Banu; Stücker, Anne; Studer, Dominik; Sturm, Jan-Egbert
Institution partenaire
English, Deutsch / 23/06/2017
Datenschutz und Datenübertragbarkeit
Sowohl in der EU als auch in der Schweiz erfährt das Datenschutzrecht grundlegende Veränderungen. In der EU gilt die neue Datenschutz-Grundverordnung ab dem 25. Mai 2018, in der Schweiz wird es noch etwas länger dauern. Nach einem Überblick über die wichtigsten Neuerungen liegt der Fokus dieses Referats auf dem "Recht auf Datenübertragbarkeit". Nach der Datenschutz-…
Institution partenaire
Deutsch / 23/06/2017
The literature on the effects of research and development
The economic return to public and private R&D is of enormous interest to academics and policy makers. First, private returns to R&D appear to be large and larger than the returns to alternative investments. Second, private R&D and R&D subsidies are positively correlated and there is no evidence for crowding out effects. Third, R&D cooperation increases private R…
Institution partenaire
English / 21/06/2017
La culture au cœur du développement territorial: : l’exemple des programmes de capitales culturelles
À l’heure d’une concurrence farouche entre des territoires désireux d’attirer des investissements, des touristes et des contribuables de plus en plus mobiles, le programme des Capitales européennes de la culture suscite un intérêt croissant de la part de villes attirées par ses impacts potentiels : gain de notoriété, stimulation de l’économie locale, amélioration de la cohésion…
Institution partenaire
Français / 19/06/2017
The residential economy as a lever for development: : an estimate of the basic incomes of Swiss regions
The economic base theory has been systematically mobilised since the 1950s to identify the external—known as basic—incomes of a region stemming from its local production system. This article proposes to integrate the demand (residents, annuitants, tourists) into the analysis. The residential economy represents a lever for additional development through the provision of other basic…
Institution partenaire
English / 19/06/2017
De la complexité de la notion de gamification à la complexité de sa mise en œuvre: : une étude exploratoire dans un contexte d’application mobile touristique
Afin d’appréhender la complexité inhérente à la gamification, nous avons mené une étude exploratoire en deux phases dans le contexte d’une application mobile touristique suisse. Dans la première phase, nous avons mesuré de manière quantitative et qualitative l’expérience vécue par les utilisateurs après un parcours touristique avec une application mobile peu gamifiée. Dans la…
Institution partenaire
Français / 19/06/2017
Collaborative demand forecasting with integration of event-based judgements
Mathematical forecasting approaches can lead to reliable demand forecast in some environments by extrapolating regular patterns in time-series. However, unpredictable events that do not appear in historical data can reduce the usefulness of mathematical forecasts for demand planning purposes. Since forecasters have partial knowledge of the context and of future events, grouping and…
Institution partenaire
English / 19/06/2017
Resource Integration and Value Co-Creation: Evidence from the Energy Sector
Institution partenaire
English / 18/06/2017
Innovation outcomes and partner-type selection in R&D alliances: The role of diversification and adaptation
Institution partenaire
English / 14/06/2017
Trade, growth, and welfare impacts of the CFTA in Africa
This paper provides a comprehensive and cohesive analysis of the likely effects of a Continental Free Trade Agreement (CFTA) in six African countries. Our analysis considers four incremental liberalisation scenarios. The first scenario consist in the elimination of tariffs for agricultural goods. In the second scenario we add the elimination of tariffs on manufactured goods. The…
Institution partenaire
English / 12/06/2017
Equilibrium analysis in multi-echelon supply chain with multi-dimensional utilities of inertial players
In a supply chain, the importance of information elicitation from the supply chain players is vital to design supply chain network. The rationality and self-centredness of these players causes the information asymmetry in the supply chain and thus situation of conflict and non-participation of the players in the network design process. The supply chain players’ non-participation or…
Institution partenaire
English / 12/06/2017
Y a-t-il assez de réserves forestières en Suisse ?: : une évaluation contingente
Les auteurs mènent une évaluation contingente sur un échantillon représentatif de la population pour estimer la disponibilité à payer (DAP) pour un programme de création de nouvelles réserves forestières en Suisse. Le scénario prévoit des restrictions d’accès aux zones forestières en question, raison pour laquelle l’analyse porte essentiellement sur les valeurs de non-usage, en…
Institution partenaire
Français / 12/06/2017
Y a-t-il assez de réserves forestières en Suisse ? ::une évaluation contingente
Les auteurs mènent une évaluation contingente sur un échantillon représentatif de la population pour estimer la disponibilité à payer (DAP) pour un programme de création de nouvelles réserves forestières en Suisse. Le scénario prévoit des restrictions d’accès aux zones forestières en question, raison pour laquelle l’analyse porte essentiellement sur les valeurs de non-usage, en…
Institution partenaire
Français / 12/06/2017
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