Technological progress and globalization foster relocation and automation of business processes.Especially financial services providers oftentimes have the choice either to automate informationprocessingtasks or to relocate them to foreign sites to profit from differences in wage levels....

Durch die ständige Weiterentwicklung drahtloser Übertragungstechniken werden regelmäßig neueVerfahren standardisiert und auf den Markt gebracht. Diese bieten Verbesserungen gegenüber denbestehenden Varianten und eröffnen damit potenziell neue Einsatzgebiete und Anwendungen. Um...

This paper studies budget processes, both theoretically and experimentally.The authors give a sufficient condition for top-down and bottom-up budget processes to have the same voting equilibrium.

In an experimental 2x2 coordination game with two strict equilibria we observe that, in contrast to equilibrium selection theory (Harsanyi and Selten 1988), only half of the subjects choose the strategy that relates to the payoff- and risk-dominant equilibrium. We propose modified risk dominance...