Der Aufsatz diskutiert das Vorgehen bei und die Konsequenzen aus der Einführung von Evaluation und Akkreditierung in die deutsche Hochschullandschaft. Es wird gezeigt, dass Akkreditierung und Evaluation zwei Seiten einer Münze bilden, die sich jedoch in ihrer Perspektive unterscheiden....

We study the optimal design of alternative dispute resolution (ADR) mechanisms by a third-party mediator. ADR takes place before two litigants face each other in court. Litigation is a legal contest with players who are privately informed about the cost of collecting admissible evidence. Players...

Der Aufsatz diskutiert das Vorgehen bei und die Konsequenzen aus der Einführung von Evaluation und Akkreditierung in die deutsche Hochschullandschaft. Es wird gezeigt, dass Akkreditierung und Evaluation zwei Seiten einer Münze bilden, die sich jedoch in ihrer Perspektive unterscheiden....

For an intriguing variety of switching processes in nature, the underlying complex system abruptly changes from one state to another in a highly discontinuous fashion. Financial market fluctuations are characterized by many abrupt switchings creating upward trends and downward trends, on time...

We introduce a simple model for simulating financial markets, based on an order book, in which several agents trade one asset at a virtual exchange continuously. For a stationary market the structure of the model, the order flow rates of the different kinds of order types and the used price time...

The compute unified device architecture is an almost conventional programming approach for managing computations on a graphics processing unit (GPU) as a data-parallel computing device. With a maximum number of 240 cores in combination with a high memory bandwidth, a recent GPU offers resources...

This study examines how dimensions of culture influence variations in views about the link between corporate tax payments and corporate social responsibility (CSR). Using textual analysis and a newly-developed set of keywords unique to a tax setting, we analyze 4,438 CSR reports from 24...

This study examines the impact of credit rating announcements from the three leading credit rating agencies (Moody's, S&P, Fitch)on the Credit Default Swap Spreads of corporates and their spillover effects within industries. We find, that both downgrades and upgrades have an impact on the CDS...