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Die Stadt Pforzheim feiert im Jahr 2017 die 250 Jahre zurückliegende Begründung ihrer Traditionsindustrie durch Markgraf Karl Friedrich mit einer Vielzahl von Veranstaltungen. Naturgemäß beteiligte sich auch die der Stadt eng verbundene Hochschule mit Beiträgen ihrer drei Fakultäten. Die...
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Generating a regular season schedule is a demanding task for any sports league. In Europe, the creation of a suitable schedule for every national top soccer league not only has to address numerous conflicting inner-league requirements and preferences. Additionally, the games of the European Cup...
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This collection presents an updated bibliography of those empirical forest ecosystem service valuation studies in the German speaking countries which relate to demand oriented measures of the utility of public goods. The associated database (which is provided as a separately downloadable...
Persistent link: https://www.econbiz.de/10011572273
This paper explores the price-setting behavior of Austrian firms based on survey evidence. Our main result is that customer relationships are a major source of price stickiness in the Austrian economy. We also find that the majority of firms in our sample follows a timedependent pricing...
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Based on individual price records collected for the computation of the Austrian CPI, average frequencies of price changes and durations of price spells are estimated to characterize price setting in Austria. Depending on the estimation method, prices are unchanged for 10 to 14 months on average....
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We ask why, in many circumstances and many environments, decision-makers choose to act on a time-regular basis (e.g. adjust every six weeks) or on a stateregular basis (e.g. set prices ending in a 9), even though such an approach appears suboptimal. The paper attributes regular behaviour to...
Persistent link: https://www.econbiz.de/10011604715
In this paper we present an extension of the Taylor model with staggered wages in which wage-setting is also influenced by reference norms (i.e. by benchmark wages). We show that reference norms can considerably increase the persistence of inflation and the extent of real wage rigidity but that...
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