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Demand reduction and preemptive bidding in multi-unit license auctions

Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the market at low prices. At the same time, they allow for preemptive bidding by incumbent bidders in a coordinated attempt to exclude entrants from the market. We consider an environment where both demand reduction and preemptive bidding are supported as equilibrium...

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English / 01/01/2013

DAT1 polymorphism determines L-DOPA effects on learning about others’ prosociality

Despite that a wealth of evidence links striatal dopamine to individualś reward learning performance in non-social environments, the neurochemical underpinnings of such learning during social interaction are unknown. Here, we show that the administration of 300 mg of the dopamine precursor L-DOPA to 200 healthy male subjects influences learning about a partners’ prosocial preferences...

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English / 01/01/2013

Elections and deceptions: An experimental Sstudy on the behavioral effects of democracy

Authors' names are deliberately alphabetical. The authors are grateful to Michele Bernasconi, Monika Bütler, Alain Cohn, Simon Evenett, Ernst Fehr, Simon Gächter, Jens Grosser, Sally Gschwend, John Hey, Martin Leroch, Hervè Moulin, Ryan McKay, Clemens Puppe, Rupert Sausgruber, Robert Sugden, Christian Thöni, Jean-Robert Tyran, Roberto Weber, as well as the audiences at the NYU...

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English / 01/01/2013

Risiko Krankenversicherung : Risikomanagement in einem regulierten Krankenversicherungsmarkt

«Risiko Krankenversicherung» beschreibt die soziale und private Krankenversicherung der Schweiz mit statistischen Methoden. Die Verankerung der Autorinnen und Autoren in Wissenschaft und Praxis führt zu einer einzigartigen Mischung aus Analyse und praktischer Erfahrung. Das Buch folgt den aktuellen Fragen zu KVG und VVG: Kostenanstieg, faire Prämienkalkulation, Solvenz, optimaler...

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Deutsch / 01/01/2013

Preconditions for efficiency and affordability in competitive healthcare markets: Are they fulfilled in Belgium, Germany, Israel, the Netherlands and Switzerland?

Context: From the mid-1990s several countries have introduced elements of regulated competition in healthcare. The aim of this paper is to identify the most important preconditions for achieving efficiency and affordability under regulated competition in healthcare, and to indicate to what extent these preconditions are fulfilled in Belgium, Germany, Israel, the Netherlands and...

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English / 01/01/2013

Do political protests matter? Evidence from the Tea Party movement

Can protests cause political change, or are they merely symptoms of underlying shifts in policy preferences? We address this question by studying the Tea Party movement in the United States, which rose to prominence through coordinated rallies across the country on Tax Day, April 15, 2009. We exploit variation in rainfall on the day of these rallies as an exogenous source of...

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English / 01/01/2013

Propaganda vs. education : a case study of hate radio in Rwanda

This chapter discusses whether education limits or exacerbates the effects of statesponsored propaganda on political violence. It provides evidence for the hypothesis that basic education can limit the effectiveness of propaganda by increasing access to alternative media sources. It builds on the case study of the Rwandan genocide in work done by Yanagizawa-Drott (2011), and shows...

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English / 01/01/2013

Marginally discriminated: the role of outcome tests in European jurisdiction

For decades, racial profiling has been subject of intense debate in US jurisdiction. Recently, outcome tests based on economic models have contributed to the legal discourse. However, it is not readily obvious if and to what extent they also pertain to European jurisdiction, where racial profiling has only as of late stirred up controversy. In a comprehensive examination of their...

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English / 01/01/2013

Das Bankgeschäft sollte wieder langweilig werden

Wirtschaftsprofessor Mathias Hoffmann empfiehlt, den Finanzplatz nicht speziell zu fördern.

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Deutsch / 20/12/2012

Nachhaltigkeit und Immobilieninvestitionen : Die finanzielle Relevanz von Nachhaltigkeit für Portfoliostrategien

Der vorliegende Bericht dokumentiert die Arbeiten im Rahmen eines Forschungsprojektes, an welchem sich Immobilien Basel-Stadt, Stadt Zürich, Liegenschaftenverwaltung, SUVA, Swisscanto Asset Management AG, Swiss Life Property Management AG, UBS Fund Management (Switzerland) AG mit Immobiliendaten und Beiträgen an den Kosten beteiligten. Die Arbeit untersucht die finanzielle Relevanz...

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Deutsch / 14/12/2012

Interview on «Pyrrhussieg für Schäuble»

Mathias Hoffmann, Professor für International Trade and Finance an der Universität Zürich, erklärt im Interview mit «Finanz und Wirtschaft», weshalb es eine Bankenunion braucht, um die Eurokrise zu lösen.

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Deutsch / 14/12/2012

Cooperating with external partners: The importance of diversity for innovation performance

Innovations are rarely generated in complete isolation. Due to the inherent uncertainty, the manifold underlying knowledge base and high financial investments, firms seek to integrate external partners for the generation of new products and processes. However there is an ongoing debate whether firms, which develop their innovations in close cooperation with external partners, such as...

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English / 12/12/2012

Key drivers for enhancing innovation performance of innovation networks

This research article provides empirical insights on the key drivers for successful internal and external innovation network management. The hypotheses are tested empirically using survey data collected from stock-listed companies in Germany, Switzerland and Austria. The data include the complete responses from 141 R&D managers for the period from 2004 to 2008. Our results show...

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English / 12/12/2012

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