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Monitoring Costs and the Mode of International Investment

Lin, Chu-Chia S.; Png, Ivan P.L. - EconWPA - 2002

Our central proposition is that monitoring costs increase with physical distance, and hence, direct investments located further from the foreign investor’s home base should be more likely formed as joint ventures. Tests on a data set of Taiwanese direct investments in Mainland China provide...

Persistent link: https://www.econbiz.de/10005134453

How information influences the cost of transport in a supply chain, a monte carlo simulation

Brusset, Xavier - EconWPA - 2005

The present paper studies the impact of information sharing and contractual instruments on a shipper and her transport suppliers through a monte carlo simulation. After reviewing the literature, we propose a model to measure the benefits in terms of expected transport cost and variance of this...

Persistent link: https://www.econbiz.de/10005119207

Monitoring Costs and the Mode of International Investment

Lin, Chu-Chia S.; Png, Ivan - EconWPA - 2002

Persistent link: https://www.econbiz.de/10005119257

Risk and De-collectivization in the Czech Republic

Bezemer, Dirk J. - EconWPA - 2001

of family farms and socialist-style farms in the presence of risk, given the typical post-socialist environment …

Persistent link: https://www.econbiz.de/10005555994

Vulnerability in a Stochastic Dynamic Model

Elbers, Chris; Gunning, Jan Willem - EconWPA - 2004

Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the household consumed permanently at the poverty line. The...

Persistent link: https://www.econbiz.de/10005556097

Risk, productive government expenditure, and the world economy

Erauskin-Iurrita, Inaki - EconWPA - 2004

This paper analyzes the expenditure policy of the public sector and risk in a two-country stochastic AK growth model … public spending on productivity and risk diversification. …

Persistent link: https://www.econbiz.de/10005556589

A Rational Irrational Man

Harin, Alexander - EconWPA - 2005

paradox, risk aversion and other well-known fundamental problems. For a long time, this opinion was a barrier to proper …

Persistent link: https://www.econbiz.de/10005560978

Conditional Risk Mappings

Ruszczynski, Andrzej; Shapiro, Alexander - EconWPA - 2004

We introduce an axiomatic definition of a conditional convex risk mapping. By employing the techniques of conjugate … duality we derive properties of conditional risk mappings. In particular, we prove a representation theorem for conditional … risk mappings in terms of conditional expectations. We also develop dynamic programming relations for multistage …

Persistent link: https://www.econbiz.de/10005561062

Stakeholder und Unternehmensrisiko

Figge, Frank - EconWPA - 2004

Dass Stakeholder zum Unternehmensrisiko beitragen können, ist heute weitgehend unbestritten. Höhe und Art des Unternehmensrisikos haben einen Einfluss auf den Unternehmenswert. Der Beitrag von Stakeholdern zum Unternehmensrisiko hat daher auch einen Einfluss auf den Unternehmenswert. Gelingt...

Persistent link: https://www.econbiz.de/10005561064

Verification, Validation and Evaluation of Expert Systems in Order to Develop a Safe Support in the Process of Decision Making

Cojocariu, Adrian; Munteanu, Alin; Sofran, Ofelia - EconWPA - 2005

one of them will have to pass a test of correctness. More than ever, the risk management will be an important part of the …

Persistent link: https://www.econbiz.de/10005561521