We present a bottom-up electricity market model for Switzerland called Swissmod. It includes a detailed electricity network and hydropower representation. Swissmod captures the features and restrictions of run-of-river, yearly storage and pumped-storage power plants and combines this with a...

Understanding the forces that support and inhibit product development (PD) in family firms is central to explaining their long-term success and survival. Our study reveals that social capital and relational conflict among family members do not affect PD directly, as existing theory suggests, but...

The Bank of England (“the Bank”) has access to some of the granular transaction level data resulting from EMIR trade reports. The velocity, granularity and richness of this dataset puts it in the realm of Big Data in the derivatives market, which brings with it its own set of challenges....

This paper analyzes the impacts of financial literacy on pension planning in Austria and Switzerland. Based on survey data of 442 individuals, we explain the pension planning behavior by the level of financial literacy as well as other relevant person- and country-specific characteristics...

20 years ago, Zweifel, Felder and Meier (1999) established the by now famous "red-herring" hypothesis, according to which population ageing does not lead to an increase in per capita health care expenditures (HCE) because the observed positive correlation between age and health care expenditures...

The 2007–2009 financial crisis has shown the important role of the lender of last resort in restoring financial stability in the financial markets. A rethink of this doctrine is therefore needed. This article shows how a potential lender of last resort regime can be designed for the 21st century

This paper studies the relationship between structural equation modeling and Balanced Scorecard in a Swiss non-profit establishment. Using financial and non-financial performance indicators collected directly from the organization, the paper proposes a rational construction and analysis of...

This study investigates the effect of the changes in economic policy uncertainty in Europe on the performance of stock markets in the European Union, Croatia, Norway, Russia, Switzerland, Turkey and Ukraine. Based on the analyses of monthly returns on the major stock market indices in these...

Do minorities fare worse under direct democracy than under representative democracy? We provide new evidence by studying naturalization requests of immigrants in Switzerland that were typically decided with referendums in each municipality. Using panel data from 1,400 municipalities for the...

We present and illustrate novel data on more than a century of regulation in Switzerland. We provide quantitative measures for Swiss cantons on the annual stock of legally binding rules from 2006-2013 and on regulatory activity as reflected in the annual changes to such regulation from...