This paper contributes to possible answers to the question: What are the effects of computermediatedcommunication on relationship qualities in organizations? To answer this question withoutoversimplifying the phenomena an adequate research methodology has to be found.First, the interrelationship...

This paper analyzes the recently documented instability of money demand in theeuro area in the framework of a Markov switching trend model. First, we consider astandard °exible price model with stable money demand, rational expectations, andan exogenous income-money ratio which follows a Markov...

The present paper examines the wage effects of continuous training programs usingindividual-level data from the German Socio Economic Panel (GSOEP). In order to accountfor selectivity in training participation we estimate average treatment effects (ATE and ATT)of general and firm-specific...

While there is little controversy on the profitability of momentum strategies, their implementation is afflicted with many difficulties. Most important, chasing momentum can generate high turnover. Though there are already several attempts to make momentum strategies less expensive with respect...

This paper presents simple su±cient conditions under which optimal bunches inadverse-selection principal-agent problems can be characterized without using optimal controltheory.