This study investigates the voluntary allocation of monetary resources to future food consumption by customers of campus cafeterias. A rich dataset allows us to infer social proximity of cafeteria customers and to measure social spillovers in allocation decisions. We show that individuals tend...

There is widespread agreement that given currently available data, we cannot accurately estimate the parameters of intertemporal allocation using GMM on Euler equations, whether they be exact or approximate. Our reading of this literature and our own results is that this is a small sample...

The English and Welsh water and sewerage industry is characterised by indivisible capital which has a long service life. Previous studies of efficiency for the English and Welsh water and sewerage industry take a static framework, assuming all inputs can be adjusted instantaneously. This paper...

Introducing equilibrium unemployment to the solution of the intertemporal allocation of non-leisure time, we derive two wage-setting models which we estimate by panel data and cross-section regressions applied on aggregative data. The results support the empirical relation known as the...

Introducing equilibrium unemployment to the solution of the intertemporal allocation of non-leisure time, we derive two wage-setting models which we estimate by panel data and cross-section regressions applied on aggregative data. The results support the empirical relation known as the...

Traditionally, the inventory across value chain has been linked to customer service level (CSL), i.e., the service level provided by any company between distribution centre (DC) and cash distributor (CD). In order to get closer to the consumer, we need to relook at the traditional approach. With...

Optimierungsmodelle führten im Marketing lange Zeit ein eher bescheidenes Dasein. Dies hat sich jedoch durch die Übertragung der Aussagen der Neuen Institutionenökonomik sowie die gestiegenen Rechnerkapazitäten geändert. Mittlerweile können zum Beispiel agentenbasierte Simulationen...

Der An- und Verkauf von Erdgas an Grosshandelsmaerkten wird in einem zunehmend liberalisierten Gasmarkt auch in Kontinentaleuropa weiter an Bedeutung gewinnen. Die Preise an diesen Maerkten bilden sich aus Angebot und Nachfrage; wie in jeder netzgebundenen Industrie kommt der Infrastruktur und...