infonet-economy

In Zeiten zunehmenden Kostendruckes gewinnt Business Process Outsourcing (BPO), die Auslagerung einzelner Prozesse an externe Dienstleistungsanbieter, bei Banken an Bedeutung. Dies trifft insbesondere auf die Abwicklung von Wertschriftentransaktionen zu, welche von Banken vermehrt nicht mehr selbst erbracht, sondern an spezialisierte Dienstleistungsanbieter ausgelagert wird.
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Seit das Beratungsunternehmen McKinsey im Jahre 1998 den «War for Talent», den Kampf um (zukünftige) Fach- und Führungskräfte, ankündigte, wird Talentmanagement als Lösung für die Herausforderungen des heutigen Arbeitsmarktes angepriesen , ja geradezu «vermarktet». Häufig bleibt allerdings unklar, wie «Talente» zu identifizieren sind und welchen Wertbeitrag «Talentmanagement» zum...

In this paper, we quantitatively analyze to what extent a benevolent government should issue debt in a model where households are subject to idiosyncratic productivity shocks, insurance markets are missing and borrowing is restricted. In this environment, issuing government bonds facilitates saving for self-insurance. Despite this, we find that in a calibrated version of the model...

Several European countries have followed the United States in introducing prospective payment for hospitals with the expectation of achieving cost efficiency gains. This article examines whether theoretical expectations of cost efficiency gains can be empirically confirmed. In contrast to previous studies, the analysis of Switzerland provides a comparison of a retrospective per diem...

We study international business cycles and capital flows in the UK, the United States and the Emerging Periphery in the period 1885-1939. Based on the same set of parameters, our model explains current account dynamics under both the Classical Gold Standard and during the Interwar period. We interpret this as evidence for Gold Standard mentality: the expectation formation mechanism...

This study applies financial portfolio theory to determine efficient frontiers in the provision of electricity for the United States and Switzerland. Expected returns are defined by the rate of productivity increase of power generation (adjusted for external costs), volatility, by its standard deviation. Since unobserved productivity shocks are found to be correlated, Seemingly...

In small groups, norm enforcement is achieved through mutual punishment and reward. In large societies, norms are enforced by specialists such as government officials. However, not every public cause is overseen by states, for instance those organized at the international level. This paper shows how non-governmental norm enforcement can emerge as a decentralized equilibrium. As a...