Showing 1 - 10 of 22,095
-averse farmer. We apply the models to irrigated maize production in Switzerland. To analyze the sensitivity of optimal water and … nitrogen use to likely future states of several economic variables, we conduct sensitivity analyses with respect to changes in … price variability, the price–yield correlation, water and maize prices as well as farmers’ risk preferences. Results show …
Persistent link: https://www.econbiz.de/10011047850
Diese Dissertation besteht aus drei Aufsätzen aus den Bereichen Arbeitsmarktökonomie, berufliche Vorsorge und Sozialpolitik, die sich mit den Auswirkungen öffentlicher Gesetzgebung und makroökonomischer Schocks auf individuelle Verhaltensweisen befassen. Der zweite und dritte Aufsatz...
Persistent link: https://www.econbiz.de/10011554108
This paper analyzes risk aversion in discriminatory share auctions. I generalize the k‐step share auction model of Kastl (2011, 2012) and establish that marginal profits are set‐identified for any given coefficient of constant absolute risk aversion. I also derive necessary conditions for...
Persistent link: https://www.econbiz.de/10014308566
It is often argued that Black-Scholes (1973) values overstate the subjective value of stock options granted to risk-averse and under-diversified executives. We construct a "representative" Swiss executive and extend the certainty- equivalence approach presented by Hall and Murphy (2002) to...
Persistent link: https://www.econbiz.de/10003666884
Persistent link: https://www.econbiz.de/10003731105
Persistent link: https://www.econbiz.de/10008654685
We study the attitudes of junior and senior employees towards strategic uncertainty and competition, by means of a market entry game inspired by Camerer and Lovallo (1999). Seniors exhibit higher entry rates compared to juniors, especially when earnings depend on relative performance. This...
Persistent link: https://www.econbiz.de/10009548637
Persistent link: https://www.econbiz.de/10009529108
Persistent link: https://www.econbiz.de/10003298635
Persistent link: https://www.econbiz.de/10001667813