Manufacturers in a wide range of industries nowadays face the challenge of providing arich product variety at very low cost. This typically requires the implementation of costefficient, flexible production systems. Often, so called mixed-model assembly lines areemployed, where setup operations...

Rückversicherung kann als Überwälzung von versicherungstechnischem Risiko vom Erstaufden Rückversicherer definiert werden, kurz gesagt: ”Rückversicherung ist Versicherungvon Versicherungen“. Einen entscheidenden Aspekt bei der Ausgestaltung von Rückversicherungsverträgenstellt die...

Sick-pay is a common provision in labor contracts. It insures workersagainst a sudden loss of income due to unexpected absences andhelps them smooth consumption. Therefore, many governments findsick-pay socially desirable and choose to mandate its provision. Butsick-pay is not without its...

Provisions for maternity leave are common among industrialized countries, but their institutional design varies distinctly from country to country. Developing our theory on the impact on maternity leave regulations on women's labor market situation, we argue that a woman on leave creates a...

Das Ziel des Transaktionskostenansatzes besteht darin, Aussagen über die Effizienz von Verträgenund institutionellen Arrangements unter verschiedenen Bedingungen abzuleiten. Alszentrales Effizienzkriterium wird dabei die Minimierung der insgesamt bei einer Transaktionanfallenden...

Consumers use price of a product both as a signal of product quality and as a monetary constraint in choosing it. Consequently, price has two distinct roles - informational and allocative - in the evaluation of a product. In this paper, we test the validity of a research approach proposed by...

Retailers have been criticized for heavily relying on odd prices although their advantage over even prices has not been convincingly proven. In this paper we argue that such behavior does not have to stem solely from tradition, but may be seen as a rational way of dealing with uncertainty. We...