Are low wages an instrument for the unemployed to switch to high-paying jobs within a medium-term period? Using data from the British Household Panel Survey (BHPS), the labor market dynamics of men are analyzed up to six years after entering unemployment. An alternative econometric approach is...

In this paper, a capacitated vehicle routing problem is discussed which occurs in the context of glass waste collection. Supplies of several different product types (glass of different colors) are available at customer locations. The supplies have to be picked up at their locations and moved to...

This paper studies the variance risk premium from a new perspective by disaggregating the total premium into upper and lower semivariance premia. To this end, we provide novel tools for computing conditional expectations using traded options as well as moment generating functions. Across a...

In this note, we propose a method for efficient simulation of paths of latent Markovian state processes in a Markov Chain Monte Carlo setting. Our method harnesses available parallel computing power by breaking the sequential nature of commonly encountered state simulation routines. We offer a...

Im Zuge der kommenden EU Strukturfondsperiode 2014 - 2020 verstärkt sich der politische Druck auf die Hochschulen ihrer Verpflichtung, die Wirtschaft aktiv mit F&E-Wissen zu versorgen, nachzukommen. Gerade in kleinstrukturierten Wirtschaftsräumen, in denen die Unternehmen aufgrund mangelhafter...

Financiers of social entrepreneurs are typically characterized as having some form of prosocial or CSR related objective. While in some studies such objectives have been formulated on an analytically inconvenient level, other contributions are limited only to charity finance. In this paper we...

Positive effects of multimarket activities on cooperation between firms are widely acknowledged. We study these effects in a setting with home market asymmetries as is typical for global competition. In our multimarket duopoly experiment each firm has a home market but may also enter the other...

Leading companies in several industries purchase materials with the combined use of capacity reservation contracts and spot market. We analyse the optimal and a simplified policy for making long-term capacity reservation and periodic ordering/inventory decisions using the above two sources under...

Die Unterstützung von Wirtschaftsclustern spielt in der Politik eine zentrale Rolle. Rückschlüsse auf positive Wachstumseffekte dieser Maßnahme können bislang nur vermutet, aber nicht empirisch nachgewiesen werden. Ursächlich dafür sind einerseits eine unscharfe Clusterdefinition in der...

Microprudential capital requirements are designed to reduce the excessive risk taking of banks. If banks are required to use more equity funding for risky assets they invest more funds into safe assets. This paper analyzes a government that simultaneously regulates the banking sector and borrows...