Publications des institutions partenaires
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...
Institution partenaire
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...
Institution partenaire
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 “...
Institution partenaire
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...
Institution partenaire
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...
Institution partenaire
Deutsch / 11/12/2010
Postal Markets and Electronic Substitution: What is the Impact of Intermodal Competition on Regulatory Practices and Institutions?
Institution partenaire
English / 01/12/2010
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...
Institution partenaire
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...
Institution partenaire
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...
Institution partenaire
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...
Institution partenaire
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...
Institution partenaire
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...
Institution partenaire
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...
Institution partenaire
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...
Institution partenaire
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...
Institution partenaire
English / 01/12/2010
Impact of VAT-Exemptions in the Postal Sector on Competition and Welfare
Institution partenaire
English / 30/11/2010
Mit Irland rettet die EU einmal mehr ihre Banken
Institution partenaire
Deutsch / 28/11/2010
Kanalnutzung, Kundensegmentierung und Integration im Multikanal-Vertrieb : Standortbestimmung - eine Lektüre der beiden Studien "Assekuranz 2015"
Institution partenaire
Deutsch / 24/11/2010
An Economic Framework to Understand and Assess Regulations in Network Industries
Institution partenaire
Deutsch / 19/11/2010
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...
Institution partenaire
Deutsch / 08/11/2010
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