In this paper we evaluate an indivisible investment project that is carried out in a corporation under very simple premises. In particular, we discuss a one-period model with certainty, the pure domestic case and proportional tax rates. Surprisingly, the decision problem turns out to be rather...

Germany's energy transition is associated with increasing congestion in the electricity transmission grids due to increasing infeed from renewable energy sources, especially from wind turbine installation at the periphery in coastal areas. Here, regional differences in generation and demand lead...

Zentraler Gegenstand der Arbeit sind die Steuerwirkungslehre sowie deren allokationstheoretischen Grundlagen und Implikationen. Auf der Basis eines allgemeinen Gleichgewichtsmodells werden die Auswirkungen unterschiedlicher Formen der Besteuerung auf die Ressourcen- und Einkommensverteilung...

Contracts paying a guaranteed minimum rate of return and a fraction of a positive excess rate, which is specified relative to a benchmark portfolio, are closely related to unit-linked life-insurance products and can be considered as alternatives to direct investment in the underlying benchmark....

The allocation of decision rights is an integral component of designing organizational architecture. Economists have long understood the importance of co-locating decision rights with the knowledge that is valuable to those decisions. Following this prescription, marketing scholars have...

In this paper we first show that the gains achievable by integrating pricing and inventory control are usually small for classical demand functions. We then introduce reference price models and demonstrate that for this class of demand functions the benefits of integration with inventory control...