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Assumption without representation: the unacknowledged abstraction from communities and social goods
Wicks, Rick - Volkswirtschaftliche Fakultät, … - 2011
We have not clearly acknowledged the abstraction from unpriceable “social goods” (derived from communities) which … economics has not been argued, much less established. Acknowledging communities would reinforce rather than undermine them, and …
Persistent link: https://www.econbiz.de/10011259455
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Rural Tourism and Ecotourism – the Main Priorities in Sustainable Development Orientations of Rural Local Communities in Romania
Dorobantu, Maria Roxana; Nistoreanu, Puiu - Volkswirtschaftliche Fakultät, … - 2012
forms of tourism, a result of the advantages which it offers bouth tourists and host communities. Rural areas are rich in … ecological and rural diversity. For a long time in their existence, rural communities have relied on the abundance of natural … transformation in agriculture, as well as other industrial resources were renewerable, which has led rural communities to be …
Persistent link: https://www.econbiz.de/10011260436
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User Generated Content: Web 2.0 Taking the Video Sector by Storm
Mabillot, David - Volkswirtschaftliche Fakultät, … - 2007
This article examines the communities involved in the distribution and sharing of videos on the internet. Firstly, we …
Persistent link: https://www.econbiz.de/10005619758
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Political Influence in Multi-Choice Institutions: Cyclicity, Anonymity and Transitivity
Pongou, Roland; Tchantcho, Bertrand; Diffo Lambo, Lawrence - Volkswirtschaftliche Fakultät, … - 2008
influence relation of binary voting games. Weak conditions of anonymity are sufficient for each of them to be transitive. We …
Persistent link: https://www.econbiz.de/10008555439
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Does Anonymity Matter in Electronic Limit Order Markets?
Foucault, Thierry; Moinas, Sophie; Theissen, Erik - Volkswirtschaftliche Fakultät, … - 2004
between the spread and volatility is weaker after the switch to anonymity. …
Persistent link: https://www.econbiz.de/10005248997
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Diversification of Investor's Expertise in IPOs
Bourjade, Sylvain - Volkswirtschaftliche Fakultät, … - 2002
In most Initial Public Offerings (IPO) in the world, the underwriter selects syndicate members and uses the information of their investors' clientele to set the offering price. The objective of this paper is to develop a model of the "book building" process in which the formation of the...
Persistent link: https://www.econbiz.de/10005835395
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Rule Rationality
Heller, Yuval; Winter, Eyal - Volkswirtschaftliche Fakultät, … - 2013
We study the strategic advantages of following rules of thumb that bundle different games together (called rule rationality) when this may be observed by one's opponent. We present a model in which the strategic environment determines which kind of rule rationality is adopted by the players. We...
Persistent link: https://www.econbiz.de/10011259059
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Risk, ambiguity and sovereign rating
Di Caro, Paolo - Volkswirtschaftliche Fakultät, … - 2014
Decisions of investing in sovereign assets involve both risk and ambiguity. Ambiguity arises from unknown elements characterizing the value of a generic sovereign. In presence of ambiguity, ambiguity-averse investors are prone to pay for obtaining summary information such as ratings which...
Persistent link: https://www.econbiz.de/10011107677
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The value of useless information
Alaoui, Larbi - Volkswirtschaftliche Fakultät, … - 2008
There are a number of cases in which individuals do not expect to find out which outcome occurs. The standard von Neumann-Morgenstern Expected Utility model cannot be used in these cases, since it does not distinguish between lotteries for which the outcomes are observed by the agent and...
Persistent link: https://www.econbiz.de/10005620124