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Les notions de point de référence et d’aversion aux pertes sont deux éléments essentiels de la prospect theory, qui constitue à ce jour la théorie la plus reconnue concernant la représentation de la prise de décision individuelle dans le risque. L’objectif de cet article est de...
Persistent link: https://www.econbiz.de/10004997495
In a recent paper, Machina (2008) suggested choice problems in the spirit of Ellsberg (1961) which challenge tail-separability, an implication of Choquet Expected Utility (CEU) to a similar extent as the Ellsberg paradox challenged the sure-thing principle implied by Subjective Expected Utility...
Persistent link: https://www.econbiz.de/10004997496
The design of employment protection legislation (EPL) is of particular importance in the European debate on the contours of labor market reform. In this article we appeal to an equilibrium unemployment model to investigate the virtues of EPL reform which reduces the red tape and legal costs...
Persistent link: https://www.econbiz.de/10004997497
Since September 11, 2001; and during the ensuing economic slowdown, U.S airline companies have experienced significant financial difficulties, including bankruptcies and near bankruptcies on the part of several major carriers. In an economic setting where U.S. airlines are struggling to achieve or...
Persistent link: https://www.econbiz.de/10004998429
The aim of this research work is the study of quality information systems in services companies. The first part of the report describes the many definitions of service quality and ways to measure it. <p> Based upon these approaches, the second part suggests a framework designed to ensure quality...</p>
Persistent link: https://www.econbiz.de/10005007883
Planning and management control in France in 1998, the major changes in the management control systems.
Persistent link: https://www.econbiz.de/10005007884
This paper analyzes the way of thinking of the managers when they have to take a decision on a complex situation.
Persistent link: https://www.econbiz.de/10005011499
The article proposes an answer to the question of why people care about justice in the workplace.
Persistent link: https://www.econbiz.de/10005011500
We investigate the role of analyst following as a monitoring device reducing earnings management. We find strong evidence that analysts are more effective monitors in transparent environments than in opaque environments. In a sample of 51,401 observations for 10,866 non-financial firms in 26...
Persistent link: https://www.econbiz.de/10005011501
This paper investigates the case of market entry strategies following the introduction of a disruptive innovation. Recognizing that market entry strategies have been envisioned in the literature as a discrete phenomenon, we develop an empirical framework that portrays these strategies as a...
Persistent link: https://www.econbiz.de/10005011502