Publications des institutions partenaires
Strategic behavior and underpricing in uniform price auctions: Evidence from finnish treasury auctions
We contribute to the debate on the optimal design of multiunit auctions by developingand testing robust implications of the leading theory of uniform price auctions on the bid distributions submitted by individual bidders. The theory, which emphasizes market power, has little support in a data set of Finnish Treasury auctions. A reason may be that the Treasury acts strategically by…
Institution partenaire
English / 01/01/2005
Fairness and the Optimal Allocation of Ownership Rights
We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting from different initial conditions. However, in contrast to the property rights approach,…
Institution partenaire
English / 01/01/2005
Liberalization and regulation of the Swiss letter market
Institution partenaire
English / 01/01/2005
Comment on William C. Brainard and Herbert E. Scarf's "How to Compute Equilibrium Prices in 1891"
Bill and Herb have provided an illuminating and interesting presentation of Irving Fisher's Ph.D. dissertation Mathematical Investigations in the Theory of Value and Prices. They correctly emphasize that Fisher's fundamental contribution to the early theory of general equilibrium was the construction of a machine to compute the equilibrium quantities in a Walrasian model of…
Institution partenaire
English / 01/01/2005
On the Hartree-Fock equations of the electron-positron field
Institution partenaire
English / 01/01/2005
The skill-weights approach on firm specific human capital: empirical results for Germany
Institution partenaire
English / 01/01/2005
The environmental Kuznets Curve: theory and evidence
Institution partenaire
English / 01/01/2005
Flexibilisierungsmöglichkeiten in der Krankenversicherung
Institution partenaire
English / 01/01/2005
Grenzen der Strategieberatung. Ein Dialog zwischen Wissenschaft, Beratung und Klienten
Institution partenaire
English / 01/01/2005
Organisational identity and self-transformation : an autopoietic perspective
Institution partenaire
English / 01/01/2005
The Basic Concepts of Luhmann's theory of social systems
Institution partenaire
English / 01/01/2005
Explorative and exploitative learning from external corporate ventures
This study examines the antecedents of explorative and exploitative learning of technological knowledge from external corporate ventures. We compare different forms of external corporate venturing, namely corporate venture capital investments, alliances, joint ventures, and acquisitions, as alternative avenues for interorganizational learning. Furthermore, we test the effects of…
Institution partenaire
English / 01/01/2005
New ventures' inward licensing: examining the effects of industry and strategy characteristics
New ventures compete by creating innovative products. Liabilities of newness and inexperience, limited resources, rapid technological obsolescence and constantly changing market conditions often encourage new ventures to license other companies' technologies to complement and augment their internally developed innovations. Building on the knowledge-based view of the firm, we…
Institution partenaire
English / 01/01/2005
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