infonet-economy

The risk management of non-maturing account positions in a bank's balance like savings deposits or certain types of loans is complicated by the embedded options that clients may exercise. In addition to the usual interest rate risk, there is also uncertainty in the timing and amount of future cash flows. Since the corresponding volume risk cannot directly be hedged, the account...

WARNING: this page is no longer updated. Go to http://www.econ.brown.edu/fac/Blaise_Melly/ to find the current version of the codes.
Rqdeco is a Stata command computing a decomposition of differences in distributions using quantile regression. It is a generalization of the Oaxaca/Blinder decomposition since it...

Household surveys often suffer from nonresponse on variable such as income, savings or wealth. The work by Charles F. Manski in the 1990s shows how bounds on conditional quantiles on the variable of interest can be derived, allowing for any type of non-random item nonresponse. The width between these bounds can be reduced using follow up questions in the form of unfolding brackets...

Based on an interview study, we present practical applications of experience management by means of simulator trainings in High Reliability Organizations (HROs) as well as first evaluation results of their usefullness. Experiences which need to be analyzed, stored and disseminated in HROs relate to critical incidents such as malfunctions or accidents caused by human errors that...

ABSTRACT

On 1 January 1995, the Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU) entered into force. Until August 2006, the DSU has since been applied to 348 complaints - more cases than dispute settlement under the GATT 1947 had dealt with in nearly five decades. The system is perceived, both by practitioners and in academic literature, to work...

Three metatheoretical positions, known as individualism, holism, and systemism, are salient in management research programs. The world views of individualism and holism in particular are a matter of controversy between social scientists, leading to serious shortcomings in the prevailing research programs. As we argue in this paper, neither view is adequate. A cogent alternative to...

(from the introduction:)
With the recent growth of new ethnic populations in Western societies, ethnic business is no longer a matter of strictly historical interest; neither is it parochial American concern. Because new ethnic populations have grown at a time when Western economies are in a phase of slow growth and massive technological challenge, ethnic adaptation and...

The concept ‘social entrepreneurship' is virtually proliferating like a virus, elating and inspiring people in such diverse spheres as politics, the media, the non-profit sector as well as academia. Despite the rather young pedigree of the term, social entrepreneurship today is predominantly construed as a positive sign, a genuine ‘hurray word', so to speak. In an effort to...