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) price uncertainty and (ii) inventory risk into account. This treatment captures demand response in the retail market with …, where consumers only bear the price risk – thus mimicking the demand response in the electricity market. We find that in …Despite the efforts of restructuring power markets over the last decades, the lack of demand response in the retail …
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Supply chains today routinely use third parties for many strategic activities, such as manufacturing, R&D, or software development. These activities often include relationship-specific investment on the part of the vendor, while final outcomes can be uncertain. Therefore, writing complete...
Persistent link: https://www.econbiz.de/10012838809
The inclination of individuals to improve their performance when it lags behind that of others with whom they naturally compare themselves can be harnessed to optimize the individuals’ effort in work and study. In a given set of individuals, we characterize each individual by his relative...
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compensation schemes and ambiguity on insurance and self-insurance decisions. Consistent with theory, we find that government … results on the impact of ambiguity on insurance demand for low probability risks. Lastly, our experiment provides a clear … support for the hypothesis that attitude to risk and attitude to ambiguity are two independent phenomena. In fact in this …
Persistent link: https://www.econbiz.de/10013127788
Due to differences in the effectiveness and side effects of different drugs, uncertainty is an important component of prescription drug choice. This uncertainty can cause patients and doctors to experiment with different drugs until they find a good match. In this paper, we specify and estimate...
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We investigate enabling performance measurement systems (PMS) in operations, i.e., systems that are perceived by employees as assisting with their daily work. We contrast enabling PMS with those that are primarily a control device by senior management. Previous research in accounting suggests...
Persistent link: https://www.econbiz.de/10013069898