infonet-economy

High parental income, while undeniably causing beneÞts for a child in terms of better access to education and more favorable labor market outcomes, may at the same time increase a childÕs income aspirations and thereby reduce Þnancial satisfaction, ceteris paribus. In this paper, we investigate the relationship between Þnancial satisfaction and parental income with data from the...

Die von Investmentgesellschaften durch den Verkauf von Produkten mit integrierter finanzwirtschaftlicher Garantie eingegangenen Verpflichtungen sollten im Sinne eines "true and fair view" bilanziell adäquat erfasst werden. Wir ermitteln anhand zweier aktueller Investmentprodukte den Fair Value der gegebenen finanzwirtschaftlichen Garantie und zeigen die bilanziellen...

Abstract

The aim of this analysis is to determine the major challenges in the Swiss biotech industry. After face-to-face interviews with executive management of 17 early stage biotech companies and several associated stakeholders in the therapeutic and product/service biotech sectors, we extracted quantitative and qualitative empirical data on a variety of management issues...

Idiosyncratic consumption risk explains more than 60 percent of the cross-sectional variation in quarterly exchange rate changes and currency returns. Our results are obtained from data of 13 industrialized countries and arenbased on an international version of the consumption capital asset pricing model (CCAPM) in which we account for international consumption heterogeneity. We use...

Strongly periodic series occur frequently in many disciplines. This paper reviews one specific approach to analyzing such series viz. the harmonic regression approach.In this paper the five major methodsnsuggested under this approach are critically reviewed and compared, and their empirical potential highlighted via two applications. The out-of-sample forecast comparisons are made...

This paper examines the role of simplified heuristics in the formation of preferences for public goods. Political scientists have suggested that voters use simplified heuristics based on the positions of familiar parties to infer how a proposed policy will affect them and to cast a vote in line with their interests and values. Here, we use a two-stage field-survey experiment to...