Showing 1 - 10 of 16
This paper explores the origin and development of the consumer choice paradigm as the core concept of German ordoliberal thought which has had a strong impact on EU competition policy and law. Outside Germany, ordoliberal thought is often identified exclusively with the learning of the original...
Persistent link: https://www.econbiz.de/10010335909
recently that the term sustainability economics was used explicitly in the ecological, environmental, and resource economics … community. Yet, the contributions that use the term sustainability economics do not refer to any explicit definition of the term … background. The question thus arises: What is sustainability economics? In this essay, we make an attempt at systematically …
Persistent link: https://www.econbiz.de/10010265935
We argue that economics - as the scientific method of analyzing trade-offs - can be helpful (and may even be …
Persistent link: https://www.econbiz.de/10010286575
different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal … demand system, we estimate input and profit demand functions to obtain proxies for expected return and risk. Efficiency is … then measured in this risk-return space. Mean risk-return efficiency is somewhat higher than cost and considerably higher …
Persistent link: https://www.econbiz.de/10010295915
products and services to informationally opaque customers, their ability to diversify credit and liquidity risk, and how they … liabilities to reduce the probability of bank runs. These aspects of banking affect a bank´s choice of risk vs. expected return …, which, in turn, affects bank performance. Banks have an incentive to reduce risk to protect the valuable charter from …
Persistent link: https://www.econbiz.de/10010334246
cost minimization to a more general assumption of managerial utility maximization that can incorporate risk incentives into … between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature … that ignores the relationship between production decisions and risk. …
Persistent link: https://www.econbiz.de/10010334306
The prisoner's dilemma (PD) is arguably the most important model of social dilemmas, but our knowledge about how a PD's material payoff structure affects cooperation is incomplete. In this paper we investigate the effect of variation in material payoffs on cooperation, focusing on one-shot PD...
Persistent link: https://www.econbiz.de/10014533918
factors: risk, temptation, and efficiency, which we vary as orthogonal treatments. We find that temptation has the largest … relatively small compared to temptation. Risk does not have a significant effect on cooperation. Our finding suggests that …
Persistent link: https://www.econbiz.de/10012389705
) we vary three payoff indices. Indices of risk and temptation capture the unilateral incentives to defect against … reduces cooperation. In neither study, nor in either subject pool of our second study, do we find a significant effect of risk. …
Persistent link: https://www.econbiz.de/10012882471
The aim of this research is to develop a conceptual model that includes variables related to financing modes, risk … Mudharabah and Musharakah financing will generate high credit risk. Murabahah financing increases, directly and indirectly, the … examined the determinants of Islamic banks performance. The conceptual model added risk-taking and cost efficiency as …
Persistent link: https://www.econbiz.de/10012657593