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It is commonly argued that dynamic consistency, consequentialism and non-expected utility are incompatible. The first aim of this paper is to rebut such arguments, by targeting the implicit assumption that the relevant contingencies correspond to objective resolutions of uncertainty (that is,...
Persistent link: https://www.econbiz.de/10010832945
Author's abstract. Judgment aggregation theory generalizes social choice theory by having the aggregation rule bear on judgments of all kinds instead of barely judgments of preference. The paper briefly sums it up, privileging the variant that formalizes judgment by a logical syntax. The theory...
Persistent link: https://www.econbiz.de/10010832946
Using data from a U.S. household survey, we examine the empirical relation between subjective life horizon (i.e., the self-reported expectation of remaining life span) and portfolio choice. We find that equity portfolio shares are higher for investors with longer horizons, ceteris paribus, in...
Persistent link: https://www.econbiz.de/10010832947
We investigate how a large-scale French reform to reduce the risk from small business creation for unemployed workers, affects the composition of people who are drawn into entrepreneurship. New firms started in response to the reform are, on average, smaller, but have similar growth expectations...
Persistent link: https://www.econbiz.de/10010832948
How do we, as management researchers, develop novel theoretical contributions, and potentially break new ground, in management studies? To address this question, we review previous methodological work on theorizing and advance a typology of the reasoning processes that underlie theoretical...
Persistent link: https://www.econbiz.de/10010832949
When will knowledge holders share their knowledge with peers? Several studies suggest that norms of knowledge disclosure encourage knowledge transfer. More recently, scholars have hypothesized that norms of knowledge use may indirectly promote it. In this article, we synthesize a theoretical...
Persistent link: https://www.econbiz.de/10010832950
We investigate the private returns for academics that start new businesses. Total earnings for the universe of 478 individuals working at Swedish universities who quit to become full-time entrepreneurs between 1999 and 2008 are compiled. To the best of our knowledge, this is the first analysis...
Persistent link: https://www.econbiz.de/10010832951
Integrated bundles of products and services are gaining importance in various sectors and are reshaping the competitive landscape of many industries. They also pose new challenges to established firms, who need to reconfigure their capabilities. Drawing upon the resource-based view and...
Persistent link: https://www.econbiz.de/10010832952
Notwithstanding their many environmental, economic and social advantages, renewable energy technologies (RE) account for a small fraction of the world’s primary energy supply. One possible cause for this limited diffusion is that private investments in the RE sector, although potentially...
Persistent link: https://www.econbiz.de/10010832953
Actors at the boundary of two or more fields undertake work to stabilize, coordinate across or breach the field’s boundary. Meaning work is a key category of boundary work, which involves aintaining or changing of field-level meanings. Mobilizing institutional analysis of field level change...
Persistent link: https://www.econbiz.de/10010832954