infonet-economy

Why do so many exploratory initiatives fail? This article suggests the reason may be managers' tendency to under-invest in four key learning activities - searching, processing, codifying and practicing. Based on a study of forty-one exploratory initiatives in three insurance firms, this article explains why each of these four activities is important and why, despite their…

This paper addresses the design problem of ensuring engaged researchs rigorous relevance and, especially, its implications regarding the engaged researchers role. As a theoretical background, this paper firstly uses the role concept from the Business Engineering discipline where role is a fundamental element of generic method description. Secondly, it uses the Design Science…

Press Release

The risk management of non-maturing account positions in a bank's balance like savings deposits or certain types of loans is complicated by the embedded options that clients may exercise. In addition to the usual interest rate risk, there is also uncertainty in the timing and amount of future cash flows. Since the corresponding volume risk cannot directly be hedged, the account…

WARNING: this page is no longer updated. Go to http://www.econ.brown.edu/fac/Blaise_Melly/ to find the current version of the codes.
Rqdeco is a Stata command computing a decomposition of differences in distributions using quantile regression. It is a generalization of the Oaxaca/Blinder decomposition since it…

Household surveys often suffer from nonresponse on variable such as income, savings or wealth. The work by Charles F. Manski in the 1990s shows how bounds on conditional quantiles on the variable of interest can be derived, allowing for any type of non-random item nonresponse. The width between these bounds can be reduced using follow up questions in the form of unfolding brackets…

Based on an interview study, we present practical applications of experience management by means of simulator trainings in High Reliability Organizations (HROs) as well as first evaluation results of their usefullness. Experiences which need to be analyzed, stored and disseminated in HROs relate to critical incidents such as malfunctions or accidents caused by human errors that…

ABSTRACT

On 1 January 1995, the Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU) entered into force. Until August 2006, the DSU has since been applied to 348 complaints - more cases than dispute settlement under the GATT 1947 had dealt with in nearly five decades. The system is perceived, both by practitioners and in academic literature, to work…

Three metatheoretical positions, known as individualism, holism, and systemism, are salient in management research programs. The world views of individualism and holism in particular are a matter of controversy between social scientists, leading to serious shortcomings in the prevailing research programs. As we argue in this paper, neither view is adequate. A cogent alternative to…