infonet-economy

Two computable expressions for the exact density of a ratio of quadratic forms in Gaussian random vectors are derived, one of which is restricted to special cases of the problem. Ratios of this type are ubiquitous in econometrics, but their density, unlike the corresponding cumulative distribution function, has not received much attention to date. The new algorithms complement those...

The purpose of this paper is to introduce and conceptualize the topic of Model-Based Management (MBM) in organizations. The importance of qualitative and quantitative models for management is highlighted, and a research agenda for this new topic is proposed. This agenda promises to make a contribution to the use of models for higher managerial effectiveness. The role of models for...

This paper studies coordination in a multi-stage elimination tournament with large monetarynincentives and a diversified subject pool drawn from the adult British population. In thentournament, members of an ad hoc team earn money by answering general knowledgenquestions and then eliminate one contestant by plurality voting without prior communication. We find that in the early...

Das Papier stellt die Diskussion portabler Reserven in Zusammenhang mit der politischen Forderung nach kantonaler Festlegung gesetzlicher Mindestreserven. Dabei zeigt es die Entwicklung der Reserveregulierung der letzten 13 Jahre und zeigt die damit verbundene Risikozunahme , welche das BAG einigermassen fahrlässig in Kauf genommen hat. Es weist auch nach, warum die Forderung nach...

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