infonet-economy

During the current phase of international market integration one important form of corporate restructuring is through cross-border merger or acquisition. Even though such restructuring typically affects the markets of more than one economy, almost all reviews of mergers and acquisitions consider only intra-jurisdictional effects. A prominent international initiative, that has the...

Jahresbericht - In this paper, problems of the Swiss health system and possible solutions are discussed. First, the development of health expenditure and its structure during the last decades is shown, also in comparison with the development in other countries. Then, core problems of the health system like supplier induced demand are discussed. It is shown which factors are...

Abstract:

On 1 January 1995, the Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU) entered into force. Since 1998, negotiations to review and reform the DSU have taken place ('DSU review'), without however yielding any result so far. This study proposes to analyse the DSU review negotiations and the proposals submitted so far....

Als Alternative zu traditionellen Investments in Aktien oder Anleihen haben Hedgefonds in den vergangenen Jahren eine hohe Popularität erreicht und sind zugleich Gegenstand kontroverser Diskussionen in Wissenschaft und Praxis. Aufgrund gesetzlicher Restriktionen wurden Hedgefonds in Deutschland erst Ende der 1990er Jahre über indirekte Beteiligungsformen, wie zum Beispiel Zertifikate...

A central issue in the academic debate concerning hedge funds is how the performance of such funds should be measured. The point of departure for our study is a view that is widespread in the relevant literature and which asserts that hedge funds cannot be measured applying the classic Sharpe ratio because of the atypical character of their higher return distribution moments. Instead...

In dieser Studie werden mögliche volkswirtschaftliche Auswirkungen des Swiss Solvency Tests (SST) untersucht. Der SST wird seit Mai 2003 vom Bundesamt für Privatversicherungen entwickelt und wurde zu Beginn des Jahres 2006 für grosse Lebens- und Schadenversicherer implementiert. In Wissenschaft und Praxis herrscht grundsätzlich Einigkeit darüber, dass durch den SST ein sehr flexibles...

Dans ce papier, nous utilisons une base de données d’environ 3’000 entreprises (et env. 160'000 salarié-es) implantées en Suisse pour analyser l’impact de l’activité d’exportation sur la dispersion des salaires. Premièrement, nous estimons des fonctions de salaires qui tiennent compte tant des caractéristiques des entreprises que de celles des employé-es. Dans un deuxième temps...

Over the last 30 years, trends such as service sector growth, welfare state expansion and rising female participation rates have promoted increasing heterogeneity within the occupational system. Accordingly, this article argues that the class map has to be redrawn in order to grasp these changes in the employment structure. For that purpose, it develops the bases of a new class...