infonet-economy

Base-rate neglect is a robust experimental finding that individuals do not update their prior beliefs according to the Bayes' rule and, typically, underestimate their posterior probabilities. Another empirical finding is that individuals often do not acquire information even when there are no strategic considerations and the cost of new information is justifiableneconomically....

We propose an extended PAYG social security system that conditions pension benefits on the aggregate wage sum and on the wage of one’s children. The latter increases parents’ incentives to provide their children with good within-familyneducation. However, since wages depend stochastically on parents’ unobservable investment in their children’s human capital, some insurance against...

Mit Blick auf Konstruktionen von "Familienfreundlichkeit" im Kontext verschiedener neuer Schweizer Wettbewerbe zur Auszeichnung "familienfreundlicher" Unternehmen werden die im Konstruktionsprozess jeweils verwendeten Verständnisse untersucht. Leitend ist dabei die Frage nach Veränderungspotenzialen hinsichtlich geschlechtsspezifischer Arbeits-, Verantwortungs-...

This paper examines the effects on national welfare and market access of two public procurement practices, discrimination and nontransparency. Both policies have become prominent in international trade negotiations, including the Doha Round of World Trade Organization (WTO) trade talks. We show that fostering either domestic competition or transparency in state contracting tends to...

On 1 January 1995, the Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU) entered into force. During its first ten years, the DSU has since been applied to 324 complaints - more cases than dispute settlement under the GATT
1947 had dealt with in nearly five decades. The system is perceived, both by practitioners and in academic literature, to work...

http://www.manuel-ammann.com/pdf/PubsAmmann2005NZZ_WasHedgeFundskoennen.pdf

Unsicherheiten im Strommarkt erfordern flexible Reaktionen von Stromversorgungsunternehmen auf sich kontinuierlich wandelnde Strukturen. Marktteilnehmer ohne marktbeherrschende Stellung müssen zunehmend die kurzfristig hochvolatilen und langfristig nicht prognostizierbaren Preisentwicklungen berücksichtigen. Federführend durch die Stadtwerke Giessen AG und motiviert durch ihre...

System Dynamics is a discipline for the modeling, simulation and control of complex dynamic systems. In this contribution, the methodology of System Dynamics-based modeling is argued to be a powerful and rigorous approach to theory-building. The strength od the pertinent process of theory development lies in its high standards for model validation, and in a combination of abductive...