infonet-economy

Das vorliegende Papier schlägt eine neue Sicht auf Probleme der Corporate Governance vor. Es wird analysiert, wie der Unternehmenssektor bezüglich Governance vom politischen Bereich lernen kann. Demokratien haben einzigartige Institutionen der Führung und Kontrolle von Akteuren im öffentlichen Bereich geschaffen, welche neue Einsichten für die Governance von Unternehmen geben können...

We study finitely repeated 2 / 2 normal form games, where playersnhave incomplete information about their opponents’ payoffs. In a laboratory experiment we investigate whether players (a) learn the game they are playing, (b) learn to predict the behavior of their opponent, and (c)nlearn to play according to a Nash equilibrium of the repeated game. Ournresults show that the success in...

Using a standard linear version of the Bertrand duopoly model of competition, I analyse the effect on firm pricing behaviour of three prominent features of the U.S. antidumping system. I identify the circumstances under which these features eliminate dumping entirely as well as their effects on the profitability of the import-competing and foreign firms. The Byrd Amendment, which has...

In monetary models where agents are subject to trading shocksnthere is typically an ex-post inefficiency since some agents are holding idle balances while others are cash constrained. This problem creates a role for financial intermediaries, such as banks, who accept nominal deposits and make nominal loans. In general, financial intermediation improves the allocation. The gains in...

Centralized sanctioning institutions are of utmost importance for overcomingnfree-riding tendencies and enforcing outcomes that maximize group welfare in socialndilemma situations. However, little is known about how such institutions come intonexistence. In this paper we investigate, both theoretically and experimentally, thenendogenous formation of institutions in a public goods...

Derzeit wird im Versicherungssektor intensiv über eine fundamentale Reform der Versicherungsaufsicht diskutiert. Ausgangspunkt ist die Kritik an den aktuellen EU-Solvabilitätsvorschriften, die nur sehr eingeschränkt auf ökonomischen Überlegungen fussen. Vielmehr sind diese vor allem anhand des politisch motivierten, europaweiten Einigungsprozesses im Rahmen der Verabschiedung der...

This paper studies a program that extends the maximum duration of unemployment benefits from 30 weeks to 209 weeks. Interestingly, this program is targeted to individuals aged 50nyears or older, living in certain eligible regions in Austria. In the evaluation, I use sharp discontinuities in treatment assignment at age 50 and at the border between eligible regions and control regions...

Many countries are forging ahead with convenient balloting methods, in particular electronic and postal voting, in order to re-engage voters. In this paper, we test whether thencost reductions with postal voting increase turnout. The empirical analysis is based on annewly collected data set on the introduction of postal voting in Swiss cantons. We take advantage of the unique fact...

Ausgehend von Bilanzgrössen werden in unserem Beitrag zunächst repräsentative Anlageklassen abgeleitet, die einen Einblick in die Kapitalanlagepolitik der deutschen Lebensversicherer geben. Auf dieser Grundlage werden dann repräsentative Indizes ausgewählt, mit denen eine Performancemessung der Kapitalanlagen durchgeführt wird. Dies erlaubt schliesslich einen Vergleich der...