While other parts of the new institutional economics (e. g. principal agent theory,transaction cost theory) have … already been applied to co-operative researchwith some success, property rights theory has as yet been only rarelyused in this … criticized the co-operative structure as lacking in incentivesand being outmoded. Maybe property rights theory has some input …

This paper investigates time allocation decisions in new ventures of female and male entrepreneurs using a model that …

generated by regime-switching models, and theory onasset allocation …We study the strategic asset allocation for an international investor. The recent empirical evidence on the partial … predictability of asset returns has renewed theacademic and practical interest in strategic asset allocation. To model time varying …

Purpose of this paper: we study the asset allocation problem for a pension fund which maximizes the expected present … is always less risky than the Mertons (1969-1971) one. In particular, the asset allocation is less and less risky until … optimal asset allocation. …

Rationierungsentscheidungen. Es geht um die Allokation und Distribution knapper Zuteilungsgüter, also etwa um die Vergabe von Kindergarten- oder … Untersuchung ist zweigeteilt. Der erste Teil rekonstruiert Elsters Beiträge zu einer Theorie lokaler Gerechtigkeit. Der zweite Teil … betreffen zum einen den Erklärungsgehalt seiner Analysen ((4)). Sie betreffen zum anderen den normativen Ertrag seiner Theorie …