Showing 1 - 10 of 45
service-oriented modeling techniques so that correctness can beshown by verification and Web service compositions can be …
Persistent link: https://www.econbiz.de/10005868077
In this paper we consider a regulated monopoly that can pad its costs to increaseits cost reimbursement. Even while padding is ineácient the optimal incentivescheme tolerates some padding of costs to reduce the information rents paid tolow cost types. It is shown that high cost ßrms pad costs...
Persistent link: https://www.econbiz.de/10005868956
We examine the status of the maximization hypothesis in the positive economic theory ofrational choice. We argue that, contrary to a common belief, the maximization hypothesisdoes not play any role in large areas of positive rational choice theory. In contexts where itdoes, it is not logically...
Persistent link: https://www.econbiz.de/10005869303
agent capturing allpossible behaviors of the multi-agent system prior to the verification phase. Thesecond problem concerns … the expressiveness of verification tools when modelingand verifying certain behaviors. Therefore, this paper tackles these … dynamically during the verification phase. This can relieve thestate space complexity that may occur as a result of the …
Persistent link: https://www.econbiz.de/10009354134
This paper may be understood as a continuation of Topsøe’s seminal paper ([16]) to characterize, within an abstract setting, compact subsets of finite inner regular measures w.r.t. the weak topology. The new aspect is that neither assumptions on compactness of the inner approximating lattices...
Persistent link: https://www.econbiz.de/10005861236
Theoretical analyses of (optimal) performance measures are typically performed within therealm of the linear agency model. This model implies that, for a given compensation scheme,the agent's optimal effort is unrelated to the amount of noise in the performance measure...
Persistent link: https://www.econbiz.de/10005861675
Ludewig and Sadowski (2009) empirically examine the economic value of organizationalcapital. They use a comprehensive panel data set from the Institute for EmploymentResearch (IAB) that provides standard information about inputs and outputs of theproduction process of German corporate...
Persistent link: https://www.econbiz.de/10005866651
This paper develops a liquidity measure tailored to the foreign exchange (FX) market, quanties the amount of commonality in liquidity across dierent exchange rates, and determines theextent of liquidity risk premiums embedded in FX returns. The new liquidity measure utilizesultra high frequency...
Persistent link: https://www.econbiz.de/10005868531
This paper provides an axiomatic approach to the problem of measuring the informationcontained in opportunity sets. In many choice situations, the items that can be selectedfrom an opportunity set (the objects of choice) do not coincide with the consequencesthey induce (the objects a...
Persistent link: https://www.econbiz.de/10005869347
Vor der Liberalisierung des Strommarktes 1998 war die deutsche Elektrizitätswirtschaft durch monopolistische Versorgungsstrukturen gekennzeichnet. Energieversorgungsunternehmen hatten für vertraglich abgegrenzte Versorgungsgebiete das alleinige Recht, aber auch die Pflicht einer sicheren und...
Persistent link: https://www.econbiz.de/10005869498