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Dying in an Avalanche: Current risks and Valuation
Leiter, Andrea M.; Pruckner, Gerald J. - EconWPA - 2005
to pay (WTP) values for a risk prevention of dying in an avalanche. We present results of a contingent valuation (CV … affect individual risk evaluations. Surprisingly, individuals state a lower WTP in winter although avalanche accidents are … predominant at that time. Personal responsibility of risk exposure and its associated voluntariness are main reasons for the …
Persistent link: https://www.econbiz.de/10005550931
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Expected utility without utility
Castagnoli, Erio; LiCalzi, Marco - EconWPA - 2005
This paper advances an interpretation of Von Neumann–Morgenstern’s expected utility model for preferences over lotteries which does not require the notion of a cardinal utility over prizes and can be phrased entirely in the language of probability. According to it, the expected utility of a...
Persistent link: https://www.econbiz.de/10005118603
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NEW PRODUCT DEVELOPMENT & MANAGEMENT OF KNOWLEDGE IN PORTUGUESE HIGHER EDUCATION
Batiz-Lazo, Bernardo; Gomes, Jorge; Mendes, Maria - EconWPA - 2002
This chapter uses key concepts in the knowledge management literature to analyse the procedures and practices used by a project management team to identify, create, store, disseminate, and apply knowledge management systems for successful project completion. This project allowed a long...
Persistent link: https://www.econbiz.de/10005412984
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Absorptive Capacity – One Size Fits All? A Firm-level Analysis of Absorptive Capacity for Different Kinds of Knowledge
Schmidt, Tobias - EconWPA - 2005
from research institutions. Using data from the German innovation survey we investigate how firms are able to exploit … knowledge from external partners for successful innovation activities. The estimation results show that the determinants of … absorptive capacity differ with respect to the type of knowledge absorbed for innovation activities. In particular we find that …
Persistent link: https://www.econbiz.de/10005412880
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The Changing Concept of Financial Risk
LOS, CORNELIS A. - EconWPA - 2004
financial risk based on asset classes only is ready for a epistemological change. Currently, the definition of financial risk … suffers from three major deficiencies: (1) financial risk is insufficiently measured by the conventional second - order … moments; (2) financial risk is assumed to be stable and all distribution moments are assumed to be time-invariant; and (3 …
Persistent link: https://www.econbiz.de/10005077030
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Gains and losses: the same or different choices? A “non-ideal” economics approach.
Harin, Alexander - EconWPA - 2005
Ideal economics? A “non-ideal” economics approach has been proposed, which considers the possibility of arrangement infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields of research. The approach application in...
Persistent link: https://www.econbiz.de/10005124942
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Arrangement Infringement Possibility Approach: Some Economic Features of Large-Scale Events
Harin, Alexander - EconWPA - 2004
The definition of arrangement infringement has been given. Several characteristics of hurricanes as large-scale events and objectives for the first stages of insurance data analysis have been sketched out. Scale hypotheses, insurance and investment problems have been formulated.
Persistent link: https://www.econbiz.de/10005124993
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Gains and losses. The same or different choices?
Harin, Alexander - EconWPA - 2005
Arrangements (agreements, contracts, projects, etc.) are widespread economic events and are the fundamental concept of the economic theory. Infringements (breaches, modifications, changes, etc.) of arrangements are common and have a significant importance for the economic theory. For many years...
Persistent link: https://www.econbiz.de/10005125490
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Do bilateral investment treaties increase foreign direct investment to developing countries?
Neumayer, Eric; Spess, Laura - EconWPA - 2004
Foreign investors are often skeptical toward the quality of the domestic institutions and the enforceability of the law in developing countries. Bilateral Investment Treaties (BITs) guarantee certain standards of treatment that can be enforced via binding investor-to- state dispute settlement...
Persistent link: https://www.econbiz.de/10005125530
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Scientific Revolution. A Farewell to EconWPA.
Harin, Alexander - EconWPA - 2005
A revolution in economics. Is it possible? Is its concept a transition from ideal to real economics? The way to the transition may be a new aspect of uncertainty. Problems, which can be solved, research fields, which can be augmented or created, and fields of applications in practical economy...
Persistent link: https://www.econbiz.de/10005126070