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France in 1992. A description of the institutional organisation is provided. Then, the paper analyses how the packaging tax … implemented in France may allow the optimal application of recycling techniques, combined with waste-to-energy facilities …. Nevertheless, this optimal utilisation is lessened by weak or even negative incentives which may lead to a sub-optimal equilibrium …
Persistent link: https://www.econbiz.de/10009372638
Finland and France share some common characteristics regarding the labour market situation and trends : a high level of …
Persistent link: https://www.econbiz.de/10008790996
phenomena in France and what their impact on the French professional relations is. In the first part of this paper, we will show … transformation with the professional industrial relations between employer's organisations, trade unions and State in France. For …
Persistent link: https://www.econbiz.de/10008791702
Scientifiques de France) amongst the engineering graduates, whatever their age and experience. Usually, around 40,000 engineers …
Persistent link: https://www.econbiz.de/10008792745
Early regulator interventions into problem banks is one of the key suggestions of Basel II. However, no guidance is given on their design. To fill this gap, we outline an incentive-based preventive supervision strategy that eliminates bad asset management in banks. Two supervision techniques are...
Persistent link: https://www.econbiz.de/10010933829
This paper applies the Mean Fi eld Game approach pioneered by Lasry and Lions (2007) to the analysis of the researchers' academic productivity. It provides a theoretical motivation for the stability of the universaly observed Lotka's law. It shows that a remuneration scheme taking into account...
Persistent link: https://www.econbiz.de/10010929096
, related to alterations of the contractual incentive structure and judicial challenges. Based on economic theory, we stem some …
Persistent link: https://www.econbiz.de/10010930091
This paper examines the incentives from stock options for loss-averse employees subject to probability weighting …. Employing the certainty equivalence principle, I built on insights from Cumulative Prospect Theory (CPT) to derive a continuous … Expected Utility Theory (EUT) framework that options value to a risk-averse undiversified employee is strictly lower than the …
Persistent link: https://www.econbiz.de/10010538937
This paper examines the incentives from stock options for loss-averse employees subject to probability weighting …. Employing the certainty equivalence principle, I built on insights from Cumulative Prospect Theory (CPT) to derive a continuous … Expected Utility Theory (EUT) framework that options value to a risk-averse undiversified employee is strictly lower than the …
Persistent link: https://www.econbiz.de/10010538938
This paper examines the incentives from stock options for loss-averse employees subject to probability weighting …. Employing the certainty equivalence principle, I built on insights from Cumulative Prospect Theory (CPT) to derive a continuous … finding of standard models based on the Expected Utility Theory (EUT) framework that options value to a risk …
Persistent link: https://www.econbiz.de/10010539641