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250 Analysten, 1 Portfolio? : eine ökonometrische Analyse von Empfehlungen zur Gestaltung eines Vermögensportfolios zur Altersvorsorge
Dornau, Robert; Szczesny, Andrea - 1999
Im Oktober 1998 befragte das ZEW rund 250 Finanzexperten aus Banken, Versicherungen, Kapitalanlagegesellschaften und großen Industrieunternehmen nach ihren Empfehlungen zur Gestaltung eines Vermögensportfolios zur Altersvorsorge. Dieses Papier untersucht in einem ersten Schritt, ob in...
Persistent link: https://www.econbiz.de/10011442603
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The behaviour of noise traders : empirical evidence on purchases of business magazines
Czarnitzki, Dirk; Stadtmann, Georg - 2000
According to the prospect theory financial investors tend to sell winners too early and ride losers too long. Therefore, demand for financial advise should be high in a bull market and low in a bear market. Thus, we test the hypothesis whether the demand for business magazines is somehow related...
Persistent link: https://www.econbiz.de/10011445202
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Estimating consumer damages in cartel cases
Laitenberger, Ulrich; Smuda, Florian - 2013
We use consumer panel data to calculate the damage suffered by German consumers due to a detergent cartel that was active between 2002 and 2005 in eight European countries. Applying before-and-after and difference-in-differences estimations we find average overcharges between 6.7 and 6.9 percent...
Persistent link: https://www.econbiz.de/10010128730
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Haftungsregeln und Innovation
Czarnitzki, Dirk; Kraft, Kornelius - 2000
This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity … involves risk. On the one hand, the risk of firm owners is limited if their liability is limited. On the other hand credits … will be more difficult to receive if liability is limited. The paper first discusses these issues theoretically and then …
Persistent link: https://www.econbiz.de/10011444773
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Numeracy and the quality of on-the-job decisions : evidence from loan officers
Brown, Martin; Kirschenmann, Karolin; Spycher, Thomas - 2017
We examine how the numeracy level of employees influences the quality of their on-the-job decisions. Based on an administrative dataset of a retail bank we relate the performance of loan officers in a standardized math test to the accuracy of their credit assessments of small business borrowers....
Persistent link: https://www.econbiz.de/10011687888
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The effects of cartel damage compensations
Hunold, Matthias - 2013
Damage compensation claims in case of cartels are supposed to increase deterrence, compensate losses and increase efficiency. I show that such claims can instead have adverse effects: If suppliers or buyers of cartelists are compensated in proportion to the profits lost due to the cartel,...
Persistent link: https://www.econbiz.de/10010194468
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A primer on damages of cartel suppliers : determinants, standing US vs. EU and econometric estimation
Bueren, Eckart; Smuda, Florian - 2013
While private actions for damages by customers against price-cartels receive much attention, the treatment of other groups affected by such conspiracies is largely unresolved. This article narrows the research gap with respect to suppliers to a downstream price cartel. First, we show that such...
Persistent link: https://www.econbiz.de/10009787408
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A primer on damages of cartel suppliers : determinants, standing US vs. EU and econometric estimation
Bueren, Eckart; Smuda, Florian - 2014 - First version: August 2013, this version: September 2014
, with exemplary looks at England and Germany, thereby delineating the boundaries of the right to damages in different legal …
Persistent link: https://www.econbiz.de/10010468358
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Toward a coherent policy on cartel damages
Franck, Jens-Uwe; Peitz, Martin - 2017
The focus of cartel damages law is on the recovery of the cartel overcharge. Parties other than purchasers are often neglected, not only as a matter of judicial practice, but also due to legal restrictions. We argue that a narrow concept of standing - which excludes parties that supply either...
Persistent link: https://www.econbiz.de/10011595130
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New evidence on determinants of IP litigation : a market-based approach
Czarnitzki, Dirk; Criekingen, Kristof van - 2018
We contribute to the economic literature on patent litigation by taking a new perspective. In the past, scholars mostly focused on specific litigation cases at the patent level and related technological characteristics to the event of litigation. However, observing IP disputes suggests that not...
Persistent link: https://www.econbiz.de/10011816416