infonet-economy

This paper shows how a mean variance criterion can be applied to a multi period setting in order to obtain efficient portfolios in an asset and liability context. The optimization model allows for rebalancing activities, transaction costs, stochastic volatilities for both assets and liabilities. Furthermore, a general framework for the projection of pension fund liabilities as well...

Art. 46 ArG und Art. 73 ArGV 1 verpflichten den Arbeitgeber, die massgeblichen Verzeichnisse und Unterlagen im Zusammenhang mit der Umsetzung der arbeitsrechtlichen Schutzbestimmungen den Vollzugs- und Aufsichtsbehörden während mindestens fünf Jahren zur Verfügung zu halten. Daraus ergibt sich indirekt auch die Pflicht des Arbeitgebers zur Erfassung der Arbeitszeit. Der Arbeitgeber...

This paper studies the term structure implications of a simple structural economy in which the representative agent displays ambiguity aversion, modeled by Multiple Priors Recursive Utility. Bond excess returns reflect a premium for ambiguity, which is observationally distinct from the risk premium of affine yield curve models. The ambiguity premium can be large even in the simplest...

The residential built environment and the belonging values creation network consisting of several interdependent actors has not obtained much attention from the field of science. Even though much literature exists about the diffusion of innovations (e.g., Rogers 1995), the diffusion process of innovations in the residential building system is not fully understood. Hence, the enormous...

This article examines the process through which multilevel network structures translate into knowledge acquisition from alliance partners. The degree of knowledge transfer a multidivisional company achieves from its network of alliance partners is determined not only by the organization's external network structure, but also by the structure of relationships among its business...

This paper develops a life-cycle model of labour supply that captures endogenous human capital
formation allowing for individual's heterogeneous responses to stochastic labour market shocks. The
shocks determines conditions in the labour market and sort individuals into three labour market regimes;
employment, unemployment with and unemployment without...

Mit dem Aussenwirtschaftsbericht 2004 hat der Bundesrat die strategische Orientierung der schweizerischen Aussenwirtschaftspolitik vorgestellt. Diese sieht unter anderem den Ausbau des Vertragsnetzes zu ausgewählten Handelspartnern vor.
In Umsetzung dieser Strategie haben die Schweiz und die USA im Herbst 2005 exploratorische Gespräche über ein mögliches Freihandelsabkommen (...