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Provinzielle Globalisierung

Wer wirtschaftliche Liberalisierung predigt, müsste auch für kulturelle Offenheit stehen.

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Deutsch / 19/05/2007

Training Soft Skills in Organizations - Constructions of Individual Agency as Barriers to Change?

The purpose of this paper is to illustrate, how applying individualistic discourses to social relations in organizations rather hinders than facilitates change in organizations. The initial idea was to find out how social relations are constructed in organizations, thus de-focussing from the increasing popularity of concepts such as 'soft skills' or 'social competences...

English / 10/05/2007

Avoiding "Star Wars" - Celebrity creation as media strategy

Media companies generally enjoy increasing profits if more customers watch a program. The viewer drawing capability of stars serves as a prominent instrument to increase the audience. The literature distinguishes between two different types of stars: highly talented and therefore ‘self-made’ superstars, and famous but ‘manufactured’ and thus rather trivial celebrities. Whereas ‘self-...

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English / 01/05/2007

Computational aspects of prospect theory with asset pricing applications

We develop an algorithm to compute asset allocations for Kahneman and Tversky’s (Econometrica, 47(2), 263–291, 1979) prospect theory. An application to benchmark data as in Fama and French (Journal of Financial Economics, 47(2), 427–465, 1992) shows that the equity premium puzzle is resolved for parameter values similar to those found in the laboratory experiments of Kahneman and...

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English / 01/05/2007

Strategic asset allocation and market timing: a reinforcement learning approach

We apply the recurrent reinforcement learning method of Moody, Wu, Liao, and Saffell (1998) in the context of the strategic asset allocation computed for sample data from US, UK, Germany, and Japan. It is found that the optimal asset allocation deviates substantially from the fixed-mix rule. The investor actively times the market and he is able to outperform it consistently over the...

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English / 01/05/2007

Overprotected Politicians

This paper argues that politicians are overprotected. The costs of politicalnassassination differ systematically depending on whether a private or a public point of view is taken. A politician attributes a very high (if not infinite) cost to his or her survival. The social cost of political assassination is much smaller as politicians are replaceable. Conversely, the private cost of...

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English / 01/05/2007

Why Kill Politicians? A Rational Choice Analysis of Political Assassinations

In the course of history a large number of politicians has been assassinated. A rationalnchoice analysis is used to distinguish the expected marginal benefits of killing, and the marginal cost of attacking a politician. The comparative analysis of various equilibria helps us to gain insights into specific historical events.nThe analysis suggests that – in addition to well-known...

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English / 01/05/2007

I'm not fat, just too short for my weight - Family Child Care and Obesity in Germany

Obesity is increasing worldwide for both adults and children. Genetic disposition is responsible for some variation in body weight but cannot explain the dramatic increase in the last two decades. The increase must be due to structural and behavioral changes. One such behavioral change is the increase in working females in the last decades. The absence from the mother reduces...

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English / 01/05/2007

Multiple Perspektiven auf Organisation

„Fokus Organisation“ ist inspiriert durch das wissenschaftliche Werk von Emil Walter-Busch, dem dieses Buch gewidmet ist. „Organisation“ bildet den Fokus innerhalb des breiten thematischen Spektrums von Walter-Buschs jahrzehntelanger Forschungsarbeit. Mit seiner Trilogie Das Auge der Firma (1989), Organisationstheorien von Weber bis Weick (1996) und Faktor Mensch (2006) hat er drei...

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Deutsch / 01/05/2007

Liberalization of the Swiss Letter Market and the Viability of Universal Service Obligations

We discuss the ongoing liberalization process in the market for addressed letter mail in Switzerland. The core of the paper is an assessment of the liberalization's impact on the financial viability of various universal service obligations with and without access to the incumbent's downstream delivery network for customers and competitors. We propose a simple calibrated...

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English / 01/05/2007

Schwedische Postmarktöffnung: Ein Modell für die Schweiz?

Der Bundesrat hat im Jahr 2006 eine Totalrevision der Postgesetzgebung in Auftrag gegeben. Ziel dieser Revision ist es, gleiche Rahmenbedingungen für die Schweizerische Post und private Anbieter zu schaffen, gleichzeitig die Grundversorgung und ihre Finanzierung zu sichern und allfällige weitere Öffnungsschritte im Briefmarkt festzulegen. In Schweden sind die Briefmärkte bereits seit...

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Deutsch / 01/05/2007

Dimensionen der Führung von Beratungsunternehmen

Beratungsunternehmen sehen sich mit grossen Herausforderungen konfrontiert, die ihr bisheriges Geschäftsmodell in Frage stellen. Mit dem PSF Management Kreis wird ein Bezugsrahmen vorgestellt, der die sechs entscheidenden Dimensionen zur Führung von Beratungsunternehmen enthält. In jeder dieser Dimensionen wird eine zentrale Herausforderung diskutiert, die in einer Studie...

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Deutsch / 09/04/2007

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