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Peitz, Martin - 1996

An oligopolistic market with vertical product differentiation is parametrized in cost parameters. This allows me to study the impact of the technology of the firms (cost parameters) on market structure, conduct, and performance. Firms which differ only by the order of the sequential move to...

Persistent link: https://www.econbiz.de/10010291068

Consumption based capital asset pricing and the Austrian Stock Exchange

Böheim, René; Boss, Michael - 1996

Using data from the Vienna Stock Exchange we investigate three different types of consumption based capital asset pricing models: the well known two state model of Mehra and Prescott, the model of Rietz, which includes also a crash state, and an own four state model. The aim of this Vienna Stock...

Persistent link: https://www.econbiz.de/10010291074

Technology transfer with moral hazard

Choi, Jay Pil - 1996

This paper develops an incomplete contract model of the licensing relationship that is susceptible to the moral hazard problem. The optimal contractual form of licensing derived in the model generates predictions that seem to be consistent with actual practice. For instance, the introduction of...

Persistent link: https://www.econbiz.de/10010291075

Unanticipated money

Cooley, Thomas F.; Hansen, Gary D. - 1997

quantitative equilibrium business cycle theory. A stochastic growth model with money is constructed that has the feature, following …

Persistent link: https://www.econbiz.de/10010291076

Testing the Modigliani-Miller theorem directly in the lab: A general equilibrium approach

Qiu, Jianying; Mahagaonkar, Prashanth - 2009

In this paper, we directly test the Modigliani-Miller theorem in the lab. Applying a general equilibrium approach and not allowing for arbitrage among firms with different capital structures, we are able to address this issue without making any assumptions about individuals' risk attitudes and...

Persistent link: https://www.econbiz.de/10010291078

Are earthquakes needed to shake economics?

Schettkat, Ronald - 2010

-'natural rate theory'- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy …. Economic trends were filtered through the lens of the 'natural rate theory,' focusing on labor market institutions only and … confronts the economic trends with the interpretations of the 'natural rate theory' and argues that they hardly fitting the …

Persistent link: https://www.econbiz.de/10010291082

Exploring organizational crises from a legitimation perspective: Results from a computer simulation and illustrative cases

Breitsohl, Heiko - 2008

Organizational crises are rare, yet they fundamentally influence the evolution of organizations. An aspect of crises deserving more attention is the interaction of organizations and their stakeholders during a crisis from a legitimation perspective. This paper presents a simulation model mapping...

Persistent link: https://www.econbiz.de/10010291085

Analyzing rebound effects

Schettkat, Ronald - 2009

Are efficiency improvements in the use of natural resources the key for sustainable development, are they the solution to environmental problems, or will second round effects -so-called rebound effects- compensate or even overcompensate potential savings, will they fire back? The answer to this...

Persistent link: https://www.econbiz.de/10010291087

Legitimierungsstrategien junger Unternehmen: Ergebnisse einer experimentellen Studie

Stelzer, Franziska - 2008

Die Gründung eines Unternehmens kann elementare Veränderungen in bestehenden wirtschaftlichen Prozessen und Strukturen nach sich ziehen (vgl. Schumpeter 1934, S. 99f.). Jedoch erfolgen solche Veränderungen oftmals nicht problemlos. So können sich etablierte Branchen sowie das institutionelle...

Persistent link: https://www.econbiz.de/10010291105

The heirs of Schumpeter: An insight view of students' entrepreneurial intentions at the Schumpeter School of Business and Economics

Ruhle, Sascha; Mühlbauer, Daniel; Grünhagen, Marc; … - 2010

This working paper addresses the question which dimensions of Ajzens (1988) Theory of Planned Behavior, named attitude …

Persistent link: https://www.econbiz.de/10010291114