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Deceleration: Revealed Preference in Society and Win-Win-Strategy for Sustainable Management

Günther, Edeltraud; Lehmann-Waffenschmidt, Marco - 2007

Until recently "deceleration" has been little recognized as a technical term or as an idea, but now it seems to be getting more attention. Despite time is a decisive factor for the productivity and competitive advantages of companies continual acceleration may well be counter-productive and lead...

Persistent link: https://www.econbiz.de/10010296817

Differential Taxation and Corporate Futures-Hedging

Wahl, Jack E.; Broll, Udo - 2007

Using a two-moment decision model this paper analyzes corporate hedging behavior in the presence of unified and differential income taxation. We start with the well-known result that risk-taking may increase when income tax rates increase and, therefore, the incentive for hedging reduces. We...

Persistent link: https://www.econbiz.de/10010296818

The New Basel Accord and the Nature of Risk: A Game Theoretic Perspective

Siebe, Wilfried; Milde, Hellmuth; Broll, Udo; Bieta, Volker - 2007

– game theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the … Basel Accord in this article we introduce some basic ideas of game theory in the context of rating procedures in accordance … with Basel II. As well, some insight is given how game theory works. Here, the primary value of game theory stems from its …

Persistent link: https://www.econbiz.de/10010296819

Educational Federalism and the Quality Effects of Tuition Fees

Kemnitz, Alexander - 2007

This paper investigates how the abolishment of a ban on tuition fees affects the quality of higher education with centralized and decentralized decision making. It is shown that tuition fees fully crowd public funds under centralization and quality of university education does not improve....

Persistent link: https://www.econbiz.de/10010296820

Licensing by a monopolist and unionized labor market

Mukherjee, Soma; Broll, Udo; Mukherjee, Arijit - 2007

We show that a monopolist final goods producer may find it profitable to create competition by licensing its technology if the input market is imperfectly competitive. With a centralized union, we show that licensing by a monopolist is profitable under both uniform and discriminatory wage...

Persistent link: https://www.econbiz.de/10010296821

Komparative Evolutorische Analyse Konzeption und Anwendungen

Lehmann-Waffenschmidt, Marco - 2007

Wirtschaften vollzieht sich unzweifelhaft in der Zeit - aber kann man aus dieser Tatsache wirklich einen direkten Analogieschluss zwischen der natürlich-biologischen Evolution und dem Wirtschaftsprozess ziehen? Müßte dazu nicht nur sowohl das begriffliche als auch das methodische Arsenal der...

Persistent link: https://www.econbiz.de/10010296823

The Competitive Firm Under Price Uncertainty: The Role of Information and Hedging

Broll, Udo; Eckwert, Bernhard - 2007

We study the impact of transparency in a commodity market on the decision problem of a competitive firm under price uncertainty and hedging opportunities. Market transparency is modeled by means of the informational content of publicly observable signals which are correlated with the random...

Persistent link: https://www.econbiz.de/10010296824

Minimum Wages and Union Bargaining in a Dual Labour Market

Dittrich, Marcus - 2007

The paper analyses the links between a binding minimum wage and union bargaining. A dual labour market model is developed where the first sector outcome is characterised by bargaining between unions and firms, while in the second sector firms have to pay a statutory minimum wage. It is shown...

Persistent link: https://www.econbiz.de/10010296825

Barriers to Diversification and Regional Allocation of Capital

Broll, Udo; Roldán-Ponce, Antonio; Wahl, Jack E. - 2007

In order to evaluate the allocational effectiveness of regional policy when harmonizing regional economic conditions firms? preferences play a pivot role. If harmonization hinders risk diversification of the firm, then instead of regional diversification of capital agglomeration of capital...

Persistent link: https://www.econbiz.de/10010296826

Native Welfare Losses from High Skilled Immigration

Kemnitz, Alexander - 2007

This paper explores the effects of high skilled immigration to a host country with unionized low skilled labor and an unemployment insurance scheme. We show that such immigration can create a negative immigration surplus due to adverse effects on low skilled employment, provided that the...

Persistent link: https://www.econbiz.de/10010296828