Similar Search Results

Agonism, decision, power: The art of working unfinished

Pløger, John - In: Raumforschung und Raumordnung / Spatial Research and … 81 (2023) 5, pp. 449-460

with a finite decision. This paper suggests that this agonistic approach needs de-cisions or simply put, temporary … decisions drawn from seeing a decision as a solution for now. A de-cision is not a no-decision, but a decision recognised as … planning process from being a matter of reaching a finite decision to a strife about how to understand the present and which …

Persistent link: https://www.econbiz.de/10014442545

The transaction cost theory of the nonprofit firm: Beyond opportunism

Valentinov, Vladislav - In: Nonprofit and Voluntary Sector Quarterly 37 (2008) 1, pp. 5-18

Building on the transaction cost theory of the for-profit firm, the article argues that the transaction cost-economizing role of the nonprofit firm has two distinct dimensions. One of them consists of reducing the cost of searching for, processing, and communicating information and the other...

Persistent link: https://www.econbiz.de/10011993659

Simulating a Multiproduct Barter Exchange Economy

Levy, Daniel; Bergen, Mark - In: Economic Inquiry 31 (1993) 2, pp. 314-321

We describe a multiproduct barter trading experiment in which students exchange real goods in an open market based on their own personal preference. The experiment is designed for simulating a pure exchange market in order to demonstrate the role of money and its functions in real economies by...

Persistent link: https://www.econbiz.de/10012140512

Moderating factors in distant investment of corporate venture capital

Kang, Shinhyung; Hwang, JungTae - In: Journal of Open Innovation: Technology, Market, and … 5 (2019) 1, pp. 1-13

The role of venture capital as mediator and gatekeeper is well acknowledged and geographical barriers for open innovation have been questioned, but venture capital firms' distant investments have been investigated only rarely. The strategic benefits accrued from corporate venture capital (CVC)...

Persistent link: https://www.econbiz.de/10012620233

Majority voting ensemble with a decision trees for business failure prediction during economic downturns

Kim, Soo Young; Upneja, Arun - In: Journal of Innovation & Knowledge (JIK) 6 (2021) 2, pp. 112-123

voting ensemble method with a decision tree (DT) with experimental data on US restaurant between 1980 and 2017. According to …

Persistent link: https://www.econbiz.de/10013266792

Implied volatility surfaces: a comprehensive analysis using half a billion option prices

Ulrich, Maxim; Zimmer, Lukas; Merbecks, Constantin - In: Review of Derivatives Research 26 (2023) 2, pp. 135-169

This study delves into the critical aspect of accurately estimating single stock volatility surfaces, a task indispensable for option pricing, risk management, and empirical asset pricing. Utilizing a comprehensive dataset consisting of half a billion daily price observations for options on 499...

Persistent link: https://www.econbiz.de/10015179572

Obvious and hidden features of corporate default in bankruptcy models

Kuběnka, Michal; Myšková, Renáta - In: Journal of Business Economics and Management (JBEM) 20 (2019) 2, pp. 368-383

The aim of this article is to prove the key role of the structure of the research sample used for accuracy determining on the accuracy of bankruptcy models. The creators of these models report the accuracy usually in the range of 60 to 90%. The authors of this article claim that these values are...

Persistent link: https://www.econbiz.de/10015401705

La teoría de juegos conductual, el dilema del viajero alternativo y la maximización de pagos

Moro, Rodrigo; Freidin, Esteban; Tohmé, Fernando; … - In: Estudios de Economía 38 (2011) 2, pp. 457-473

Within the area of Behavioral game theory, we focus on a specific context, namely, on a game we called the Alternative traveler's dilemma. In this context, we observe that participants tend to choose strictly dominated strategies. In order to explain similar tendencies in other games,...

Persistent link: https://www.econbiz.de/10011538730

Stochastically stable implementation

Cabrales, Antonio; Serrano, Roberto - In: SERIEs - Journal of the Spanish Economic Association 3 (2012) 1/2, pp. 59-72

Restricting attention to economic environments, we study implementation under perturbed better-response dynamics (BRD). A social choice function (SCF) is implementable in stochastically stable strategies of perturbed BRD whenever the only outcome supported by the stochastically stable strategies...

Persistent link: https://www.econbiz.de/10010317077

Stochastic games with hidden states

Yamamoto, Yuichi - In: Theoretical Economics 14 (2019) 3, pp. 1115-1167

This paper studies infinite-horizon stochastic games in which players observe payoffs and noisy public information about a hidden state each period. We find that, very generally, the feasible and individually rational payoff set is invariant to the initial prior about the state in the limit as...

Persistent link: https://www.econbiz.de/10012215319