Showing 1 - 10 of 654
In diesem Beitrag wird nach Wegen gesucht, die nichtmarktlichen Leistungen der Schweizer Landwirtschaft gezielter als bislang in die Landwirtschaftliche Gesamtrechnung zu integrieren. Dabei werden drei Methoden geprüft: Die Erfassung der leistungsbezogenen Direktzahlungen, die Ermittlung der...
Persistent link: https://www.econbiz.de/10011070457
With rapid urban expansion and loss of open space, attractive local landscapes will continue to gain importance in location decisions and on political agendas. The present study reviews the evidence on the local economic role of landscape amenities from two major strands of empirical research,...
Persistent link: https://www.econbiz.de/10008870486
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Risk management and asset pricing benefit from simple functional descriptions of the distribution of real asset returns. Recently, several authors have proposed that asset returns in real stock markets are distributed according to a hyperbolic distribution. While asset returns are generated by...
Persistent link: https://www.econbiz.de/10005463511
The corporate governance structure of monasteries is analyzed to derive new insights into solving agency problems of modern corporations. In the long history of monasteries, some abbots and monks lined their own pockets and monasteries were undisciplined. Monasteries developed special systems to...
Persistent link: https://www.econbiz.de/10005463512
The main interest of this paper is to compare the value of education systems of different countries. For this reason I use data on workers who have completed their education before immigrating to Switzerland to estimate a country specific return to education. I estimate the standard...
Persistent link: https://www.econbiz.de/10005463513
In this paper we study experimentally four remedies to overcome inefficiencies that arise from the incompleteness of contracts. These remedies are reciprocity, repeated game effects, social embeddedness, and incentive contracts. In our baseline treatment we find that reciprocity is a powerful...
Persistent link: https://www.econbiz.de/10005463514
This paper analyzes individual decision making under risk. It is assumed that an individual does not have a preference relation on the set of risky lotteries. Instead, an individual possesses a probability measure that captures the likelihood of one lottery being chosen over the other. Choice...
Persistent link: https://www.econbiz.de/10005463515
One of the most basic questions in economics concerns the effects of competition on market prices. We show that the neglect of both fairness concerns and decision errors prevents a satisfactory understanding of how competition affects prices. We conducted experiments which demonstrate that the...
Persistent link: https://www.econbiz.de/10005463516