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Persistent link: https://www.econbiz.de/10013520573
Investment and all other economic actions depend on 'subjective' expectations. The problem is how to construct a theory … economics of F.A.Hayek, Koppl gives us such a theory. This includes a theory of 'Big Players', demonstrating that discretionary … economic theory, and connects with many other schools of economics including New Institutional Economics, Constitutional …
Persistent link: https://www.econbiz.de/10012054265
-- 2. Determinanten der Erwartungsbildung und -Veränderung -- 3. Bezugsobjekt von Erwartungen im Dienstleistungsbereich … theoretischen und empirischen Forschung für das weitere Vorgehen -- III: Modell der phasenbezogenen Erwartungsbildung und -Wirkung …. Zusammenfassung der Hypothesen -- IV: Experimentelle Überprüfung des phasenspezifischen Modells der Erwartungsbildung und -Wirkung …
Persistent link: https://www.econbiz.de/10014017021
bezüglich aller zukünftigen Renditen entsprechen. So plausibel dieser Zusammenhang in der Theorie ist, so komplex und … messbar ist. Thilo Helpenstein leistet einen Erklärungsbeitrag zum besseren Verständnis der Erwartungsbildung des Marktes …
Persistent link: https://www.econbiz.de/10014020459
zentralen Adoptionsfaktoren. Auf der Grundlage der Principal-Agent-Theorie entwickelt Christina Rabe ein Modell zur Relevanz und …
Persistent link: https://www.econbiz.de/10013517360
Over the last decades, technological progress has brought about a multitude of standardization problems. For instance, compatibility standards ensure the interoperability of goods, which is of decisive importance when users face positive externalities in consumption. Consumers' expectations are...
Persistent link: https://www.econbiz.de/10013520491
Negotiations are ubiquitous in business, politics, and private life. In many cases their outcome is of great importance. Yet, negotiators frequently act irrationally and fail to reach mutually beneficial agreements. Cognitive biases like overconfidence, egocentrism, and the mythical fixed pie...
Persistent link: https://www.econbiz.de/10014014243
framework of game theory in order to better fit with the results of rapidly increasing laboratory experiments concerned with …
Persistent link: https://www.econbiz.de/10013520755
Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting rule. The comparison is based on a medium-scale DSGE model which has been estimated based on state-of-the-art Bayesian methods. The model for the Swiss economy is an expanded...
Persistent link: https://www.econbiz.de/10012819094
The extensive monetary policy of central banks during the Great Recession has re-newed the interest in the relation between (possibly) non-neutral money and wealth and income inequality. In this work, a dynamic general equilibrium model approach is used to study the effects of an inflation rate...
Persistent link: https://www.econbiz.de/10012396988