infonet-economy

This paper presents a descriptive analysis of the primary and secondary market for Finnish treasury bonds. The paper focuses on three issues. First, we report basic descriptive statistics such as auction volumes and secondary market yields and volumes. Second, we estimate the revenues earned by primary dealers from the treasury bond market. Third, we analyse the development of the...

We prove that any strictly competitive perfect-information two-person game with n outcomes is solvable in n−1 steps of elimination of weakly dominated strategies— regardless of the length of the game tree. The given bound is shown to be tight using a variant of Rosenthal's centipede game.

Um in einer zunehmend vernetzten und globalisierten Welt zu bestehen, müssen Chancen und Risiken beurteilt werden können. Dies gilt nicht nur für den privaten, sondern insbesondere auch für den öffentlichen Sektor. Da herkömmliche Prüfverfahren und die in der klassischen Betriebswirtschaftslehre dafür vorgesehenen Instrumente wie Betriebs- und Erfolgsrechnung nicht ausreichen, müssen...

Accreditation and quality assurance at universities have gained new meaning in Switzerland - as in other European nations - through the concurrent increase in autonomy, new educational institutions offering international courses and the implementation of the Bologna Declaration. With respect to these developments the Swiss government together with the university cantons agreed to...