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Die strategische Perspektive der Industrialisierung

In der Vergangenheit hat die Versicherungsbranche
zur Verbesserung der technischen
Ergebnisse vornehmlich auf traditionelle
Konzepte und Effizienzsteigerungsmassnahmen
gesetzt. Angesichts der anstehenden
Herausforderungen scheint jedoch zukünftig
eine konsequente Anwendung industrieller
Methoden entlang der gesamten Wertschöpfungskette
...

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Deutsch / 01/09/2007

Does the Choice of Performance Measure Influence the Evaluation of Hedge Funds

The Sharpe ratio is adequate for evaluating investment funds when the returns of those funds are normally distributed and the investor intends to place all his risky assets into just one investment fund. Hedge fund returns differ significantly from a normal distribution. For this reason, other performance measures for hedge fund returns have been proposed in both the academic and...

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English / 01/09/2007

An empirical analysis of the decision to train apprentices

It is a widely held belief that apprenticeship training represents a net investment for training firms, the cost of which needs to be recouped after the training period. A new firm-level data set for Switzerland reveals large variation in net costs across firms and, remarkably, negative net costs for 60 per cent of all firms. We use these data to estimate the effect of net costs on...

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English / 30/08/2007

Who Should Pay for Postal Services? Tax Payers vs. Senders vs. Receivers

Mandating universal service requires the public to decide what services people should have and what prices they should pay. Postal services have traditionally been financed by charging the senders only, while recent steps in the liberalization of the postal sector forced policymakers to find a broader financial basis for postal services. The existence of a receiver externality, the...

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English / 27/08/2007

Familieneinfluss und Performance privat gehaltener Familienunternehmen

Die Bedeutung von Familienunternehmen in westlichen Volkswirtschaften erfährt eine zunehmende Anerkennung. Je nach Definition der Familienunternehmen finden sich Anteile von rund 80% aller Unternehmen, welche als Familienunternehmen bezeichnet werden können (Colli, 2003).
Eine der zentralen Fragen, welche Forscher in den letzten Jahren im Forschungsfeld Familienunternehmen...

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Deutsch / 13/08/2007

Decisions in the Construction Process of the Residential Building Environment: Development of a Static and Dynamic Model

The residential building environment accounts to a large extent for the emission of greenhouse gases. In Switzerland, 27% of the carbon dioxide emissions are generated for heating houses, providing warm water and electricity. The employment of state of the art energy efficient technologies can reduce these emissions
significantly. Why are the technologies not applied on a...

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English / 02/08/2007

Human motivation and social cooperation: experimental and analytical foundations

Since Durkheim, sociological explanations of social cooperation emphasize the internalization of values that induce norm compliance. Since Adam Smith, economic explanations of social cooperation emphasize incentives that induce selfish individuals to cooperate. Here we develop a general approach – the Beliefs, Preferences, and Constraints approach – showing that each of the above...

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English / 01/08/2007

The role of landscape amenities in regional development: a survey of migration, regional economic and hedonic pricing studies

Quality of life factors continue to gain importance in residential location decisions as well as location decisions of firms. One such factor is an attractive local landscape. The aim of this paper is to provide a survey of the empirical literature on the role of landscape amenities in local economic change. Following common amenity definitions, we define landscape amenities as...

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English / 01/08/2007

Regime Switching based Portfolio Selection for Pension Funds

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...

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English / 01/08/2007

Corporate Governance and Financial Reporting (mit Leibfried, Peter)

This paper examines the link between financial reporting and corporate governance. Based on empirical examples of the recent confidence crisis in financial reporting and within an information economics framework, the fundamental case is being established. Then, the core elements of financial reporting are being presented. Based on an analysis of various international accounting...

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English / 01/08/2007

Optimal structures for social systems

Purpose: This paper seeks to propose an innovative approach to the assessment of the effectiveness of organizational structures.
Design/methodology/approach: Explores a concept fro the measurement of the fractal dimensionality of living organisms, applying it from biology to social organizations.
Findings: The fractal dimensionality of an organization normally lies in the...

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English / 01/08/2007

Taxation, insurance, and precautionary labor

We examine optimal taxation and social insurance with adverse selection in competitive insurance markets. In a previous literature, it has been shown that, with perfect insurance markets, social insurance improves welfare since it is able to redistribute without creating distortions. This result has been taken as robust to the introduction of adverse selection as this would only...

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English / 01/08/2007

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