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Consumption based capital asset pricing and the Austrian Stock Exchange
Böheim, René; Boss, Michael - 1996
Using data from the Vienna Stock Exchange we investigate three different types of consumption based capital asset pricing models: the well known two state model of Mehra and Prescott, the model of Rietz, which includes also a crash state, and an own four state model. The aim of this Vienna Stock...
Persistent link: https://www.econbiz.de/10010291074
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Technology transfer with moral hazard
Choi, Jay Pil - 1996
This paper develops an incomplete contract model of the licensing relationship that is susceptible to the moral hazard …
Persistent link: https://www.econbiz.de/10010291075
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Unanticipated money
Cooley, Thomas F.; Hansen, Gary D. - 1997
quantitative equilibrium business cycle theory. A stochastic growth model with money is constructed that has the feature, following …
Persistent link: https://www.econbiz.de/10010291076
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Testing the Modigliani-Miller theorem directly in the lab: A general equilibrium approach
Qiu, Jianying; Mahagaonkar, Prashanth - 2009
In this paper, we directly test the Modigliani-Miller theorem in the lab. Applying a general equilibrium approach and not allowing for arbitrage among firms with different capital structures, we are able to address this issue without making any assumptions about individuals' risk attitudes and...
Persistent link: https://www.econbiz.de/10010291078
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Are earthquakes needed to shake economics?
Schettkat, Ronald - 2010
-'natural rate theory'- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy …. Economic trends were filtered through the lens of the 'natural rate theory,' focusing on labor market institutions only and … confronts the economic trends with the interpretations of the 'natural rate theory' and argues that they hardly fitting the …
Persistent link: https://www.econbiz.de/10010291082
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Exploring organizational crises from a legitimation perspective: Results from a computer simulation and illustrative cases
Breitsohl, Heiko - 2008
Organizational crises are rare, yet they fundamentally influence the evolution of organizations. An aspect of crises deserving more attention is the interaction of organizations and their stakeholders during a crisis from a legitimation perspective. This paper presents a simulation model mapping...
Persistent link: https://www.econbiz.de/10010291085
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Analyzing rebound effects
Schettkat, Ronald - 2009
Are efficiency improvements in the use of natural resources the key for sustainable development, are they the solution to environmental problems, or will second round effects -so-called rebound effects- compensate or even overcompensate potential savings, will they fire back? The answer to this...
Persistent link: https://www.econbiz.de/10010291087
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Legitimierungsstrategien junger Unternehmen: Ergebnisse einer experimentellen Studie
Stelzer, Franziska - 2008
Die Gründung eines Unternehmens kann elementare Veränderungen in bestehenden wirtschaftlichen Prozessen und Strukturen nach sich ziehen (vgl. Schumpeter 1934, S. 99f.). Jedoch erfolgen solche Veränderungen oftmals nicht problemlos. So können sich etablierte Branchen sowie das institutionelle...
Persistent link: https://www.econbiz.de/10010291105
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The heirs of Schumpeter: An insight view of students' entrepreneurial intentions at the Schumpeter School of Business and Economics
Ruhle, Sascha; Mühlbauer, Daniel; Grünhagen, Marc; … - 2010
This working paper addresses the question which dimensions of Ajzens (1988) Theory of Planned Behavior, named attitude …
Persistent link: https://www.econbiz.de/10010291114
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Why powerful buyers finance suppliers' R&D
Bönte, Werner; Wiethaus, Lars - 2008
It is a common concern that pricing pressure by powerful buyers discourages suppliers' R&D investments. Employing a simple monopsonist - competitive upstream industry - framework, this paper qualifies this view in two respects. First, the monopsonist has an incentive to subsidize upstream R&D...
Persistent link: https://www.econbiz.de/10010291128