Using the data from 4.4 million transactions in bank-issued warrants from the European Warrant Exchange, we compute an index of investor confidence and expectations. We show that retail investors are contrarian, that retail investor sentiment is an important part of the equity pricing process...

The results of recent studies on prediction markets are encouraging. Prior experience demonstrates that markets with different incentive schemes predicted uncertain future events at a remarkable accuracy. In this paper, we study the impact of different monetary incentives on prediction accuracy...

The results of recent studies on prediction markets are encouraging. Prior experience demonstrates that markets with different incentive schemes predicted uncertain future events at a remarkable accuracy. In this paper, we study the impact of different monetary incentives on the prediction...

The work described in the literature on inventory and supply chain management has advanced greatly over the last few decades and now covers many aspects and challenges of applied supply chain management. In this paper we describe an approach that combines many of these academic aspects in a...

Service-oriented computing as a concept for providing interoperability and flexibility within heterogeneous environments has gained much attention within the last few years. Dynamically integrating external Web services into enterprise applications requires automatic contracting between service...

The paper examines what impact different design options of emissions trading have on the innovation process in the electric power industry. Recent concepts of innovation research in evolutionary economics are reviewed and investment cycles in the German power sector are examined before taking a...