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Balance of power, certainty and discretion in the franchise relationship: An analysis of contractual terms
Spencer, Elizabeth C. - 2008
to in making the contract. Discretion, if it is too wide, may no longer represent the true intentions of the parties, but … franchisees. This section also discusses the allocation of discretion in franchise contracts. Discretion accorded to parties in … conditions. The results presented here also indicate that franchise contracts confer high levels of discretion upon a franchisor …
Persistent link: https://www.econbiz.de/10009441788
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Monetary policy and sovereign debt vulnerability
Nuño, Galo; Thomas, Carlos
economy model where the government issues nominal defaultable debt and chooses fi scal and monetary policy under discretion …
Persistent link: https://www.econbiz.de/10012530474
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Causal Inference with Two-Stage Logistic Regression - Accuracy, Precision, and Application
Cai, Bing - 2010
2SPS and 2SRI for logistic binary outcomes have not been thoroughly studied. We study the bias and variance properties … trial. We first present closed form expressions of asymptotic bias for the causal odds ratio from both 2SPS and 2SRI … approaches. Our closed form bias results show that the 2SPS logistic regression generates asymptotically biased estimates of this …
Persistent link: https://www.econbiz.de/10009439053
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Better Safe than Sorry: Precautionary Reasoning and Implied Dominance in Risky Decisions
DeKay, Michael L.; Patiño-Echeverri, Dalia; Fischbeck, … - 2005
alternatives can seriously bias the evaluation of consequences in risky high-stakes decisions. …
Persistent link: https://www.econbiz.de/10009441242
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Better Safe than Sorry: Precautionary Reasoning and Implied Dominance in Risky Decisions
DeKay, Michael L.; Patino-Echeverri, Dalia; Fischbeck, … - 2008
alternatives can seriously bias the evaluation of consequences in risky high-stakes decisions. …
Persistent link: https://www.econbiz.de/10009441300
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The Impacts of Attribute Level Framing and Changing Cost Levels on Choice Experiments Value Estimates
Kragt, Marit Ellen; Bennett, Jeffrey W. - 2010
Choice Experiments (CE) are increasingly used to estimate the values of environmental goods andservices. CE questionnaires represent the environmental good under valuation by varying levels ofnon-market attributes. Inclusion of a cost attribute enables the estimation of monetary values...
Persistent link: https://www.econbiz.de/10009446025
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Adaptive Inference for Multi-Stage Survey Data
Al-Zou'bi, L. M.; Clark, Robert Graham; Steel, D. G. - 2009
Two-stage sampling usually leads to higher variances for estimators of means and regression coefficients, because of intra-cluster homogeneity. One way of allowing for clustering in fitting a linear regression model is to use a linear mixed model with two levels. If the estimated intra-cluster...
Persistent link: https://www.econbiz.de/10009457371
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Robustness in Latent Variable Models
Huang, Xianzheng - 2006
still more appealing in many situations in terms of consistency and efficiency in estimation and computation burden. The …
Persistent link: https://www.econbiz.de/10009431306
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Machine learning in credit risk: measuring the dilemma between prediction and supervisory cost
Alonso, Andrés; Carbó, José Manuel - 2020
Informes recientes muestran la creciente adopción en el sector financiero de técnicas de aprendizaje automático o machine learning (ML) en la gestión del riesgo de crédito. En este entorno, los supervisores se encuentran ante el reto de permitir que se maximicen las oportunidades derivadas...
Persistent link: https://www.econbiz.de/10012525231
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Artificial intelligence in financial services
Fernández Bedoya, Ana
Artículo de revista ; The use of artificial intelligence tools has escalated recently in all sectors of the economy owing, among other factors, to the growing volume of digital data and higher computational capacity. Major benefits may be reaped from applying these tools to the provision of...
Persistent link: https://www.econbiz.de/10012532407