infonet-economy

For decades, historians have debated why Germany’s Chancellor Heinrich Brüning resorted to policies worsening the economic crisis in the early 1930s. Some scholars, first and foremost Knut Borchardt, have argued that for various reasons the Chancellor had no choice but to depress the economy. In particular, Borchardt has pointed out that Brüning was reluctant to devalue the currency...

A key distinction among theories of civil war is between those that are built upon motivation and those that are built upon feasibility. We analyze a comprehensive global sample of civil wars for the period 1965-2004 and subject the results to a range of robustness tests. The data constitute a substantial advance on previous work. We find that variables that are close proxies for...

From the point of view of modes of governance and constellations of interdependence, EU research policy offers ideal conditions for the flexible inclusion of non-member states: it is based on transgovernmental coordination through policy networks rather than supranational legislation, it follows scientific rather than political imperatives, and cooperation is in the interest of both...

Se fondant sur une «analyse d'enveloppement des données» («Data Envelopment Analysis», DEA), le présent article étudie la manière dont a évolué l'efficience des différentes universités suisses de 1999 à 2007 et identifie celles dont la performance a été inférieure aux autres. La plupart des établissements ont bien maîtrisé l'exigeant processus de réforme de la décennie...

This paper is concerned with clarifying the link between risk measurement and capital efficiency. For this purpose we introduce risk measurement as the minimum cost of making a position acceptable by adding an optimal combination of multiple eligible assets. Under certain assumptions, it is shown that these risk measures have properties similar to those of coherent risk measures. The...