Publications des institutions partenaires
Das beste Timing schlägt turbulente Märkte nicht
Institution partenaire
Deutsch / 04/04/2007
Der Unternehmer als Selbstmotivationskünstler?
Der Unternehmer soll in Krisensituationen ein gesundes Selbstvertrauen haben, seinen Humor nicht verlieren, das Team durch seinene Enthusiasmus motivieren und das Unternehmen aus der Krise manövrieren. Doch wie sieht es mit der Motivation des Unternehmers selbst aus?
Institution partenaire
Deutsch / 03/04/2007
Bias-adjusted estimation in the ARX(1) model
A new point estimator for the AR(1) coefficient in the linear regression model with arbitrary exogenous regressors and stationary AR(1) disturbances is developed. Its construction parallels that of the median--unbiased estimator, but uses the mode as a measure of central tendency. The mean--adjusted estimator is also considered, and saddlepoint approximations are used to lower the...
Institution partenaire
English / 01/04/2007
The Emergence of Information Sharing in Credit Markets
We examine how asymmetric information and competition in the credit market affect voluntary information sharing between lenders. We study an experimental credit market in which information sharing can help lenders to distinguish goodnborrowers from bad ones, because borrowers may exogenously switch locations.nLenders, however, are also engaged in spatial competition, and lose market...
Institution partenaire
English / 01/04/2007
Discrimination and In-group Favoritism in a Citywide Trust Experiment
This paper provides field experimental evidence on the prevalence and determinants ofndiscrimination and in-group favoritism in trust decisions. We observe choices of aboutn1,000 inhabitants of the city of Zurich who take part in a sequential trust game, in whichnfirst movers can condition their investments on the residential districts of second movers.nOur main results can be...
Institution partenaire
English / 01/04/2007
Models of Stochastic Choice and Decision Theories: Why Both are Important for Analyzing Decisions
Economic research offers two traditional ways of analyzing decision making under risk. One option is to compare the goodness of fit of different decision theories using the samenmodel of stochastic choice. An alternative way is to vary models of stochastic choicencombining them with only one or two decision theories. This paper proposes to look at the bigger picture by comparing...
Institution partenaire
English / 01/04/2007
Does Globalization Create Superstars?
To examine the impact of globalization on managerial compensation, we consider a matching model where a number of firms compete both in the product market and in the managerial market. We show that globalization, i.e. the simultaneous integration of product markets and managerial pools, leads to an increase in the heterogeneity of managerial salaries. Typically, while the most able...
Institution partenaire
English / 01/04/2007
Dialogmarketing ,revisited' Inboundmarketing für mehr Kundeninitiative
Kunden werden passiver. Das Marketing übt deshalb laufend mehr Druck aus. Das künftige Marketing muss alle Formen des Engagements von Kunden ernster nehmen. Inboundmarketingwird ebenso wichtig wie Outboundmarketing, so eine Folgerung in unserem Projekt Dialogmarketing ,revisited'.
Institution partenaire
Deutsch / 01/04/2007
What is the Value Added by Caseworkers?
We investigate the allocation of unemployed individuals to different subprograms within Swiss active labour market policy by the caseworkers at local employment offices in Switzerland in 1998. We are particularly interested in whether the caseworkers allocate the unemployed to services in ways that will maximize the program-induced changes in their employment probabilities. Our...
Institution partenaire
English / 01/04/2007
Dein Wille geschehe : Deutschlands Unternehmen in der Verantwortung
Der vorliegende Beitrag wurde im Rahmen eines Essay-Wettbewerbs der Stiftung Wertevolle Zukunft zum Thema "Zwischen Wettbewerb und Wertedebatte: Wohin steuern Deutschlands Unternehmen?" mit dem ersten Platz ausgezeichnet. Der Wettbewerb richtete sich an junge Menschen unter 30 Jahren.
Institution partenaire
Deutsch / 01/04/2007
Dynamic Financial Analysis: Classification, Conception, and Implementation
Dynamic financial analysis (DFA) models an insurance company's cash flow in order to forecast assets, liabilities, and ruin probabilities, as well as full balance sheets for different scenarios. In the last years DFA has become an important tool for the analysis of an insurance company's financial situation. The following article considers three aspects: First, we want to...
Institution partenaire
English / 31/03/2007
The Solvency II Process: Overview and Critical Analysis
As early as the 1970s, European Union (EU) member countries implemented rules to coordinate insurance markets and regulation. However, with the more recent movement toward a general single EU market, financial services regulation has taken on new meaning and priority. Solvency I regulations went into effect for member nations by January 2004. The creation of risk-based capital...
Institution partenaire
English / 31/03/2007
Versteckte Kosten langfristiger Spielerverträge
Institution partenaire
Deutsch / 30/03/2007
Prior Performance and Risk-Taking of Mutual Fund Managers: A Dynamic Bayesian Network Approach
We analyze the behavior of mutual fund managers with a special focus on the impact of prior performance. In contrast to previous studies, we do not focus solely on volatility as a risk measure, but also consider alternative definitions of risk and style. Using a dynamic Bayesian network, we are able to capture non-linear effects and to assign exact probabilities to the mutual fund...
Institution partenaire
English / 28/03/2007
Classification of Performance Contracting Solutions: A Managerial Typology
Institution partenaire
English / 25/03/2007
Nichtraucherprämien brächten mehr Effizienz ins Gesundheitswesen: Förderung der Prävention ohne Angst vor Umgehungsspielen der Krankenkassen
Die Abstufung der Krankenkassenprämien nach Rauchern und Nichtrauchern würde einen Schritt weg von der Einheitsprämie bedeuten. Die Autoren des folgenden Beitrags kommen in ihrer ökonomischen Analyse zum Schluss, dass diese Abstufung die Effizienz der gesetzlichen Krankenversicherung verbessern würde
Institution partenaire
Deutsch / 24/03/2007
Bericht der 14. SGAOP-Tagung `interkulturell / international: arbeiten, führen + kooperieren`
Institution partenaire
Deutsch / 18/03/2007
Der Swiss Solvency Test: ein Vorbild für Solvency II?
In diesem Beitrag wird mit dem Swiss Solvency Test (SST) ein mögliches Referenzmodell für die Ausgestaltung von Solvency II vorgestellt. Der SST wurde vom schweizerischen Bundesamt für Privatversicherungen entwickelt und zu Beginn des Jahres 2006 für grosse Lebens- und Schadenversicherer eingeführt. Wir möchten zeigen, dass der SST ein sehr flexibles und leistungsstarkes...
Institution partenaire
Deutsch / 13/03/2007
Attention economies
A new theoretical model is developed which describes the structure of competition for attention and characterizes equilibria. The exogenous fundamentals of an attention economy are the space of receiving subjects with their attention capacity, and the potential set of competing firms (senders) with their radiation technology. The endogenous variables explained by the theory are...
Institution partenaire
English / 01/03/2007
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