infonet-economy

Although brand equity and customer equity are two of the most important topics to aca-demic researchers and practitioners (Leone et al. 2006), so far little is known about the relation-ship between these two concepts (e.g., Berger et al. 2006; Kumar, Lemon and Parasuraman 2006). A better understanding on how customer equity is affected by changes in customer mind-set is important, as...

Das CCRS hat zusammen mit einer Begleitgruppe mit Vertretern von Novatlantis, SEK/SVIT, Stadt Zürich, VeF und ZKB die Grundlagen für eine Bewertung von Immobilien unter Berücksichtigung der Nachhaltigkeit erarbeitet.
Ein Ansatz für den Einbezug der wertrelevanten Nachhaltigkeitsaspekte bei bestehenden Bewertungsmethoden (ESI® Immobilienbewertung) liegt vor. Der ESI®-Indikator...

This paper concerns the pricing of American options with stochastic stopping time constraints expressed in terms of the states of a Markov process. Following the ideas of Menaldi et al., we transform the constrained into an unconstrained optimal stopping problem. The transformation replaces the original payoff by the value of a generalized barrier option. We also provide a Monte...

This paper explores a general model of the evolution and adaption of hedonic utility. It is shown that optimal utility will be increasing strongly in regions where choices have to be made often and decision mistakes have a severe impact on fitness. Several applications are suggested. In the context of intertemporal preferences, the model offers an evolutionary explanation for the...

This paper derives a central bank's optimal liquidity supply towards a money market with an unrestricted lending facility. We show that when the effect of liquidity on market rates is not too small, and the monetary authority cares for both interest rates and liquidity conditions, then the optimal allotment policy may entail a discontinuous
reaction to initial conditions....

The present paper briefly describes and contrasts two different motivations crucially involved in decision making and cooperation, namely fairness-based and compassion-based motivation. Whereas both can lead to cooperation in comparable social situations, we suggest that they are driven by fundamentally different mechanisms and, overall, predict different behavioral outcomes. First,...

Academic economists today are caught in a “Publication Impossibility Theorem System” or PITS. To further their careers, they are required to publish in A-journals, but for the vast majority this isnimpossible because there are few slots open in such journals. Such academic competition maybe useful to generate hard work, however, there may be serious negative consequences: the wrong...

Culture has attributes of a global public good that needs to be preserved for mankind as a whole. World Culture Certificates are proposed to efficiently preserve World Heritage. The community of nations has to agree on the Global Heritage List and how much each nation is to contribute to that purpose. Each World Heritage site conserved is acknowledged through the issuance of a...