Publications des institutions partenaires

S'abonner aux flux infonet economy   4561 - 4580 of 7542

CoCos statt Bailout: Details sind entscheidend

Es ist unbestritten, dass das Too-big-to-fail-Problem und die damit einhergehenden impliziten Garantien ein gravierendes Problem darstellen, welches zu drastischen ökonomischen Verzerrungen führen kann. Die Lösung des Problems ist aber weder einfach noch in ihrer Wirkung auf die betroffenen Institute und das Finanzsystem
harmlos. Es gilt deshalb eine sorgfältige Güterabwägung...

Full Text

Deutsch / 19/12/2010

Observing the observer (I): Meta-bayesian models of learning and decision-making

In this paper, we present a generic approach that can be used to infer how subjects make optimal decisions under uncertainty. This approach induces a distinction between a subject’s perceptual model, which underlies the representation of a hidden "state of affairs" and a response model, which predicts the ensuing behavioural (or neurophysiological) responses to those inputs...

Full Text

English / 14/12/2010

Observing the observer (II): Deciding when to decide

In a companion paper [1], we have presented a generic approach for inferring how subjects make optimal decisions under uncertainty. From a Bayesian decision theoretic perspective, uncertain representations correspond to “posterior” beliefs, which result from integrating (sensory) information with subjective “prior” beliefs. Preferences and goals are encoded through a “loss” (or “...

Full Text

English / 14/12/2010

Management von Nachhaltigkeit in der Assekuranz : Ergebnisse einer empirischen Studie

Nachhaltigkeit in Unternehmen und
Märkten ist schon lange gesellschaftsfähig.
Themen wie Verantwortung und Wirtschaftlichkeit,
Klimawandel und Umweltschutz
werden mit Nachhaltigkeit in Zusammenhang
gebracht. Längst haben Unternehmen
aus der Konsumbranche das
Thema für sich genutzt und kennzeichnen
ihre Produkte mit Labels wie Bio und...

Full Text

Deutsch / 11/12/2010

Nachhaltigkeit und Versicherung : Eine Kundenperspektive

In den letzten Jahren spielt das Thema
«Nachhaltigkeit» für die Positionierung
von Unternehmen gegenüber ihren Stakeholdern
eine immer grössere Rolle. Der
Zusammenhang
mit Einstellungen und
Verhalten von Kunden wurde vielfach wissenschaftlich
untersucht, allerdings fast ausschliesslich
im Kontext von Konsumgüteroder
Energiemärkten...

Full Text

Deutsch / 11/12/2010

Energiesicherheit ohne Autarkie – Die Schweiz im globalen Kontext

Verlagstext (http://www.nzz-libro.ch): Begrenzte Reserven und der wachsende Energiehunger aufstrebender Volkswirtschaften schaffen Unsicherheiten über die künftige Energieversorgung. Energie ist nicht mehr nur im Fokus der Wirtschafts- und Klimapolitik, sondern auch der Sicherheits- und Aussenpolitik. Dennoch oder gerade deshalb fehlt es in der...

Full Text

Deutsch / 01/12/2010

Competitive markets without commitment

In the presence of a time-inconsistency problem with agency contracts, we show that competitive markets can implement allocations that Pareto-dominate those achieved by a benevolent government, and they induce more effort. We analyze a model with moral hazard and a two-sided lack of commitment. After agents have chosen their work, firms can modify contracts and agents can switch...

Full Text

English / 01/12/2010

Federalism as an effective antidote to terrorism

Many governments as well as terrorist experts see the use of military and police forces as the only
way to effectively counter terrorism. The most effective negative sanctions are considered to be
military strikes, aggressive actions (including kidnapping and killing) against individuals known
or suspected of being terrorists, or against persons supporting and...

Full Text

English / 01/12/2010

The Impact of Labor Market Entry Conditions on Initial Job Assignment, Human Capital Accumulation, and Wages

We estimate the effects of labor market entry conditions on wages for male individuals first entering the Austrian labor market between 1978 and 2000. We find a large negativ effect of unfavorable entry conditions on starting wages as well as a sizeable negative long-run effect. Specifically, we estimate that a one percentage point increase in the initial local unemployment rate is...

Full Text

English / 01/12/2010

Public Good Provision in a Federalist Country: Tiebout Competition, Fiscal Equalization, and Incentives for Efficiency in Switzerland

The purpose of this paper is twofold. First, it measures the efficiency in the provision of public goods by local jurisdictions applying Data Envelopment Analysis (DEA). Second, it relates ef- ficiency scores to a fiscal equalization scheme designed to mitigate the negative consequences of Tiebout competition. The data come from the 26 cantons of Switzerland (2000-2004), a country...

Full Text

English / 01/12/2010

Leverage and Covariance Matrix Estimation in Finite-Sample IV Regressions

This paper develops basic algebraic concepts for instrumental variables (IV) regressions which are used to derive the leverage and influence of observations on the 2SLS estimate and compute alternative heteroskedasticity-consistent (HC1, HC2 and HC3) estimators for the 2SLS covariance matrix in a finite-sample context. Monte Carlo simulations and applications to growth regressions...

Full Text

English / 01/12/2010

Punishment Despite Reasonable Doubt-A Public Goods Experiment with Sanctions Under Uncertainty

Under a great variety of legally relevant circumstances, people have to decide whether or not to cooperate when they face an incentive to defect. The law sometimes provides people with sanctioning mechanisms to enforce pro-social behavior. Experimental evidence on voluntary public goods provision shows that the option to punish others substantially improves cooperation, even if...

Full Text

English / 01/12/2010

Social comparison and performance : Experimental evidence on the fair wage-effort hypothesis

We investigate the impact of wage comparisons for worker productivity. We present three studies which all use three-person gift-exchange experiments. Consistent with Akerlof and Yellen's (1990) fair wage-effort hypothesis we find that disadvantageous wage discrimination leads to lower efforts while advantageous wage discrimination does not increase efforts on average. Two...

Full Text

English / 01/12/2010

Mobile Claims Management : Smartphone Apps in Motor Insurance

As of April 2010, several Swiss motor insurers offer mobile apps that enable customers to submit a loss report. This article discusses the emergence of mobile apps in the insurance industry and the impact of mobile technology on claims management in motor insurance. We also present a demonstrator that goes beyond existing solutions by integrating a mobile app with a commercial claims...

Full Text

English / 01/12/2010

Messung der akademischen Forschungsleistung in den Wirtschaftswissenschaften: Reputation vs. Zitierhäufigkeiten

Research output in economics is commonly measured based on the reputation of the journals in which an author has published. Using data from the 2010 Handelsblatt ranking of economists in German speaking countries and citation data from the Web of Science, we examine the relationship between reputation and citation frequency at the level of individual researchers. We find that the...

Full Text

Deutsch / 08/11/2010

Pages

Le portail de l'information économique suisse

© 2016 Infonet Economy