Narrow search
Showing 1 - 10 of 262
Cover Image
Strategic delegation in experimental markets
Huck, Steffen; Müller, Wieland; Normann, Hans-Theo - 2000
contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits …, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is … only rarely chosen in the experimental markets. This behavior is rational given that managers do not play according to the …
Persistent link: https://www.econbiz.de/10009583883
Cover Image
Semiparametric analysis of German East-West migration intentions : facts and theory
Burda, Michael C.; Härdle, Wolfgang; Müller, Marlene; … - 1997
compatible with classical Marshallian theory of migration and motivates the semiparametric analysis. We estimate a Generalized … proposed option-value-of-waiting theory. …
Persistent link: https://www.econbiz.de/10009574896
Cover Image
Fixed-term contracts in East and West Germany : low wages, poor prospects?
McGinnity, Frances; Mertens, Antje - 2002 - Rev.
Amid lively debate on the consequences of temporary employment, the paper examines the wages and transitions of temporary employees in Germany using socio-economic panel data from the late 1990s. Compared to simple OLS estimates, using a fixed effects model decreases wage differentials between...
Persistent link: https://www.econbiz.de/10009627289
Cover Image
Unpaid overtime in Germany : differences between East and West
Anger, Silke (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001917007
Cover Image
Non-uniformity of job-matching in a transition economy : a nonparametric analysis for the Czech Republic
Profit, Stefan; Sperlich, Stefan - 1998
We consider problems in modelling job-matching in the Czech Republic during the transition to a market economy. Special interest is devoted to functional form considerations and the analysis of returns to scale of the matching function. This explorative study aims to shed some light into the...
Persistent link: https://www.econbiz.de/10009574874
Cover Image
Twin peaks in regional unemployment and returns to scale in job-matching in the Czech Republic
Profit, Stefan - 1997
The regional distribution of unemployment rates in the Czech Republic over the transition period is shown to be characterized by twin peaks, e.g. a high and a low unemployment equilibrium. The emergence of strong regional disparities at the beginning of the 1990s can, at least partially, be...
Persistent link: https://www.econbiz.de/10009659065
Cover Image
Corporate restructuring, downsizing and managerial compensation
Graßhoff, Ulrike; Schwalbach, Joachim - 1997
performance elasticities are contrary to predictions of agency theory. Both results provide further support to the common belief … that compensation contracts in public corporations seem imperfectly tied to firm performance and managers' tasks. …
Persistent link: https://www.econbiz.de/10009578030
Cover Image
Quantile hedging
Föllmer, Hans; Leukert, Peter - 1998
In a complete financial market every contingent claim can be hedged perfectly. In an incomplete market it is possible to stay on the safe side by superhedging. But such strategies may require a large amount of initial capital. Here we study the question what an investor can do who is unwilling...
Persistent link: https://www.econbiz.de/10009574876
Cover Image
On model based seasonal adjustment procedures
Breitung, Jörg - 1998
In this note the unobserved component approach underlying the software package SEATS is compared with the Beveridge-Nelson type of decomposition for seasonal time series. The main strength of the SEATS approach lies in the appealing model formulation and the careful specification and adjustment...
Persistent link: https://www.econbiz.de/10009574877
Cover Image
The monetary model of the exchange rate : a structural interpretation
Moersch, Mathias; Nautz, Dieter - 1998
We emphasize the importance of properly identifying the long-run relations underlying the monetary model of the exchange rate. The separate estimation of long-run money demands leads to a "structural" error correction equation which allows an interpretation of the various channels affecting the...
Persistent link: https://www.econbiz.de/10009574885