infonet-economy

Estimation of the Pareto tail index from extreme order statistics is an important problem in many settings such as income distributions (for inequality measurement), finance (for the evaluation of the value at risk), and insurance (determination of loss probabilities) among others. The upper tail of the distribution in which the data are sparse is typically fitted with a model such...

In affective psychology, there is a persistent controversy about the number, the nature and the definition of the affect structure dimensions. Responding to the methodological criticisms addressed to the preceding studies, we conciliated the principal theories regarding the affect structure with the same experimental setting. In particular, using the semantic items all around the...

Das Grundverhältnis zwischen einem Verwaltungsratsmitglied und der Aktiengesellschaft ist weder ein einfacher Auftrag noch ein Arbeitsvertrag oder Innominatkontrakt, sondern ein organschaftliches Verhältnis mit gesellschaftsrechtlicher und schuldrechtlicher Komponente. Doch der herrschende Druck zur Professionalisierung der Gesellschaftsleitung führt zu einer derartigen...

Nach unserem intuitiven Verständnis sollte ein Zusammenhang zwischen Finanzwirtschaft und Realwirtschaft bestehen — zumindest langfristig. Wenn das so ist, müssen die durchschnittlichen Renditen für Unternehmen, Branchen oder Länder die Wirtschaftsentwicklung widerspiegeln. Die von Schumpeter geprägte Metapher zeichnet die Finanzwirtschaft als einen Hund, der auf einem gemeinsamen...

The current U.S. trade policy of "competitive liberalization" includes the following prominent features: stimulating a competition among trading partners for access to U.S. markets; the inclusion of provisions in trade agreements not directly related to market access; and a greater role for foreign and security policy in U.S. trade policymaking than in the past. I adapt the...

Conference Summary - This summary is organised in the same manner as the sessions of the workshop. The first day of the workshop was devoted to a discussion of four developing countries' experiences with the WTO accession process and to an open panel discussion on the relative merits of potential reforms to the WTO accession process so as to make it more development friendly....

What possible contributions to economic development can the appropriate enforcement of competition law make? What harm could result from such enforcement? These two questions are uppermost in the minds of many policymakers, analysts, and scholars as they debate the merits of introducing and then implementing national competition laws. Now that, according to some counts nearly 100...