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ökonomischen wie auch nicht-ökonomischen Modelle wird die mikroökonomische Theorie der Insitutionenökonomik, hier insbesondere des … surveying the transaction cost theory.// With alteration of mass production of standardised products into assembly of highly …
Persistent link: https://www.econbiz.de/10009467182
Im traditionellen Lebensmittel-Supermarkt stellt die Verkaufsfläche neben dem Personal wohl den wichtigsten Leistungsfaktor dar. Dieser Faktor ist aber mit hohen fixen Kosten belastet. Ein Ziel von Lebensmitteleinzelhandelsunternehmen ist, den Ertrag auf der bestehenden Verkaufsfläche zu...
Persistent link: https://www.econbiz.de/10009448913
Published as Feeny, David, "Sub-Optimality and Transaction Costs on the Commons," in Edna Tusak Loehman and D. Marc Kilgour (eds.), Designing Institutions for Environmental and Resource Management (Cheltenham, Edward Elgar Publishing, Ltd., 1998), 124-141. "Much of the literature on the...
Persistent link: https://www.econbiz.de/10009468417
to explain nonprofit production of certain types of goods. Hansmann (1980, 1986) developed Contract Failure Theory to …. Weisbrod (1977, 1988) developed the theory of Market/Government Failure to explain nonprofit production of collective goods … primary justification for the nonprofit institutional form. In Contract Failure Theory it signals quality to consumers because …
Persistent link: https://www.econbiz.de/10009468484
"We are concerned here with the creation of non-market institutions for reducing the cost of risk in poor agrarian societies that operate at low levels of technology without the benefits of insurance, credit and other intertemporal markets. 1 Institutions, the formal and informal rules that...
Persistent link: https://www.econbiz.de/10009468491
Diese Dissertation liefert empirische Evidenz zum Investitionsverhalten von Privatanlegern. Es wird oft angenommen, dass Privatanleger schlechter informiert sind und deshalb weniger rational handeln als institutionelle Investoren. Die empirischen Befunde sind jedoch gemischt. Während der...
Persistent link: https://www.econbiz.de/10009454732
At today's stock markets, most of the trading volume is traded electronically. Thus, also many market participants execute their order flow automatically with the help of trading algorithms. Hence, several important aspects concerning algorithmic trading are discussed. One of the main topics of...
Persistent link: https://www.econbiz.de/10009434653
Extreme market outcomes are often followed by a lack of liquidity and a lack of trade. This market collapse seems particularly acute for markets where traders rely heavily on a specific empirical model such as in derivative markets like the market for mortgage backed securities or credit...
Persistent link: https://www.econbiz.de/10009441008
The neglected firm effect is the phenomenon where stocks of less widely-known firms have larger returns than that predicted by asset pricing models. Researchers have found mitigating variables, such as the price of the stock, that have partially explained the performance of neglected firms....
Persistent link: https://www.econbiz.de/10009441581