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Today's predominant disclosure philosophy calls for the fulldisclosure of all decision relevant information bycompanies. More publicly available information, theargument goes, limits the adverse selection problem by reducinginformation asymmetry among heterogeneous investors. Thus, theliquidity...
Persistent link: https://www.econbiz.de/10009475317
This thesis addresses the high-frequency price formation in the European Union Emissions Trading Scheme (EU ETS). In particular, it deals with high-frequency price reactions of European Union Allowances (EUAs) to scheduled macroeconomic and regulatory announcements. The work incorporates several...
Persistent link: https://www.econbiz.de/10009451138
Wirtschaftsprognosen sollen die Unsicherheit bezüglich der zukünftigen wirtschaftlichen Entwicklung mindern und Planungsprozesse von Regierungen und Unternehmen unterstützen. Empirische Studien bescheinigen ihnen jedoch in aller Regel ein unbefriedigendes Qualitätsniveau. Auf der Suche nach...
Persistent link: https://www.econbiz.de/10011288103
This dissertation addresses the question of choosing the best information alternative in engineering decisions. The decision maker maximizes his expected utility under uncertainty where both the action he takes and the state of the environment determines the payoff earned. The decision maker...
Persistent link: https://www.econbiz.de/10009465093
Die Nutzung des Internet zur Vermarktung und zum Vertrieb von touristischen Produkten hat seit den neunziger Jahren ein rasantes Wachstum erfahren und dazu geführt, dass im Bereich des internetbasierten Tourismus eine besonders ausgeprägte Konkurrenzsituation zwischen den Anbietern...
Persistent link: https://www.econbiz.de/10009467439
essay proposes a welfare valuation theory amenable to analyses in this context. The second essay proposes an empirical … strategy to implement the theory in practice, and demonstrates how policies may be misguided if regulators follow conventional … theory of green consumerism, which correctly accounts for asymmetric information and is consistent with empirical evidence …
Persistent link: https://www.econbiz.de/10009462877
theory, development theory and structuralism have all made contributions to understanding the effects of this global …
Persistent link: https://www.econbiz.de/10009431129
In this paper, we develop a decision-theoretic frameworkfor evaluating data mining systems, which employ classification methods, in terms of their utility in decision-making. The decision-theoretic model provides an economic perspective on the value of â extracted knowledge,â in terms of its...
Persistent link: https://www.econbiz.de/10009431139
Standardisierung und stellt dann kurz die Entwicklungen auf dem Markt für digitales Entgeltfernsehen in Deutschland dar. Dieser Markt …The study offers first a selected survey of major contributions to the economic theory of standardization and then …Die Arbeit gibt zunächst einen ausgewählten Überblick über wichtige Beiträge zurökonomischen Theorie der …
Persistent link: https://www.econbiz.de/10009459131
There is an evolution in the process used by standards-developmentorganizations (SDOs) and this is changing the prevailing standardsdevelopment activity (SDA) for information and communications technology(ICT). The process is progressing from traditional SDA modes, typicallyinvolving the...
Persistent link: https://www.econbiz.de/10009435090