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Customer Preferences of Very Light Jet Air Taxi Operators

Very light jets are designed to constitute a new category of small, cost efficient private jets. Their introduction to the market has been planned for almost a decade and could induce significant changes to the business aviation industry. Among the most discussed effects is the possible emergence of very light jet air taxi operators. Those operators plan to create a new value...

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English / 01/01/2009

The fractal nature of inequality in a fast growing world

In this paper we investigate wealth inequality/polarization properties related to the support of the limit distribution of wealth in innovative economies characterized by uninsurable individual risk. We work out two simple successive generation examples, one with stochastic human capital accumulation and one with R&D, and prove that intense technological progress makes the...

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English / 01/01/2009

Sequential Causal Models for the Evaluation of Labor Market Programs

This article reviews inverse selection probability weighting to estimate dynamic causal effects. A distribution theory based on sequential generalized method of moments estimation is proposed and the method is applied to a reevaluation of some parts of the Swiss active labor market policy to obtain new results and discuss several issues about the implementation of the estimation...

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English / 01/01/2009

Sequential Potential Outcome Models to Analyze the Effects of Fertility on Labor Market Outcomes

This paper proposes to use dynamic treatment models to analyze the effects of fertility on labor market interactions. It argues that when large data sets are available the dynamic potential outcome model is an interesting modeling framework because it allows the careful consideration of the selection issues coming from the interaction of fertility and labor market decisions at...

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English / 01/01/2009

An Empirical Analysis of Multivariate Copula Models

Since the pioneering work of Embrechts and co-authors in 1999, copula models enjoy steadily increasing popularity in finance. Whereas copulas are well-studied in the bivariate case, the higher-dimensional case still offers several open issues and it is by far not clear how to construct copulas which sufficiently capture
the characteristics of financial returns. For this reason...

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English / 01/01/2009

HRM and Performance: A Plea for Reflexivity in HRM Studies

In this Counterpoint, we build on Paauwe's suggestions to take the field of HRM and Performance further. Rather than aiming for a synthesis or proposing a radical alternative, we argue that R(econstructive)-reflexivity is needed for theorizing HRM. In particular, we bring in insights from critical studies on the notion of HRM, on the notion of performance, and on the theoretical...

English / 01/01/2009

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