We show that tests for a break in the persistence of a time series in the classicalI(0) - I(1) framework have serious size distortions when the actual data generatingprocess exhibits long-range dependencies. We prove that the limiting distributionof a CUSUM of squares based test depends on the...

This paper presents a profit-oriented shift scheduling approachfor inbound contact centers. The focus is on systems in which multiple agentclasses with different qualifications serve multiple customer classes with differentneeds. We assume that customers are impatient, abandon if they haveto...

Numerous (high-tax) countries presume that multinational ¯rms use their transfer-pricing policies to shift pro¯ts into countries with lower tax rates. To avoid thecorresponding loss in tax revenues, tax authorities develop constantly tighteningrules to curb transfer-price distortions. A®ected...

Die FIFA Fußball-WM 2006 hat in Deutschland einen Boom bei Stadioninvestitionenausgelöst. Eine zweite Welle ist derzeit bei mittelgroßen Projekten zu beobachten, mit denenkleinere Bundesligisten und Zweitligisten den Anschluss an die Top-Klubs zu halten versuchen.[...]

Effective from 2008, Germany´s top marginal income tax rate rises from 42 to 45 per cent. However, sole proprietorships and partnerships can opt for a preferential tax rate of 28.25 per cent for retained profits are taxed again upon distribution (§ 34a EStG-E). If they do so, profits are taxed...

Personal ist ein strategischer Erfolgsfaktor für die Arbeit von Museen.Die sich verschärfenden Umfeld- und Marktbedingungen, denen sich der kulturelle Sektorgegenübersieht, verleihen der Notwendigkeit für ein Personalmanagement zusätzlich Nachdruck.Das Themenfeld Museum und Personal wurde...

Using data from the German Socio-Economic Panel (GSOEP) we study whether being individually affected by downward wage rigidity has an effect on layoffs, quits and intra-firm mobility. Within a structural empirical model we estimate the individual extent of wage rigidity. This is expressed by the...

This paper gives a first economic approach to pro cycling and analyses the changes induced bythe newly introduced UCI Pro Tour on the racing teams’ behaviour. We develop an oligopolistic model startingfrom the well known Cournot framework to analyse if the actual setting of the UCI Pro Tour...

Lending is associated with credit risk. Modelling the loss stochastically,the cost of credit risk is the expected loss. In credit business the probabilitythat the debtor will default in payments within one year, often is the onlyreliable quantitative parameter. Modelling the time to default as...

We examine the dynamics of bank lending to the private sector for countries of theEuro area by applying a Markov switching error correction model. We identify forBelgium, Germany, Ireland and Portugal stable, mean reverting regimes andunstable regimes with no tendency to return to the long term...