Search Results - subject:"reference points"

Noncontractible investments and reference points

Hart, Oliver - In: Games 4 (2013) 3, pp. 437-456

We analyze noncontractible investments in a model with shading. A seller can make an investment that affects a buyer's value. The parties have outside options that depend on asset ownership. When shading is not possible and there is no contract renegotiation, an optimum can be achieved by giving...

Persistent link: https://www.econbiz.de/10010369342

ТЕОРЕТИЧЕСКИЕ И ПРИКЛАДНЫЕ АСПЕКТЫ ИСПОЛЬЗОВАНИЯ СБАЛАНСИРОВАННОЙ СИСТЕМЫ ПОКАЗАТЕЛЕЙ В УПРАВЛЕНИИ БАНКОМ

ЯКОВЛЕВНА, ВОВК ВИКТОРИЯ - In: Проблемы экономики (2013) 3, pp. 267-273

В статье проанализированы направления использования сбалансированной системы показателей (ССП) для управления деятельностью банка. Систематизированы...

Persistent link: https://www.econbiz.de/10011226289

Market experience is a reference point in judgments of fairness

Herz, Holger; Taubinsky, Dmitry - Institut für Volkswirtschaftslehre, … - 2013

People's desire for fair transactions can play an important role in negotiations, organizations, and markets. In this paper, we show that markets can also shape what people consider to be a fair transaction. We propose a simple and generally-applicable model of path-dependent fairness...

Persistent link: https://www.econbiz.de/10010817279

The Unemployment Volatility Puzzle: a Note on the Role of Reference Points

Boitier, Vincent - HAL - 2013

This theoretical note aims at studying the role of reference points in generating unemployment volatility. For this … purpose, I introduce the notion of reference points in a standard Mortensen-Pissarides model. I obtain two results. First, I … introduction of reference points can increase significantly unemployment volatility through a mechanism à la Hagerdorn and …

Persistent link: https://www.econbiz.de/10010821164

Theoretical and applied aspects of use of the balanced scorecard in bank management

Vovk Viktoriya Ya. - In: The Problems of Economy (2013) 3, pp. 267-273

The article analyses directions of use of the balanced scorecard (BS) for managing bank activity. It systemises strategic goals within financial, client and process sub-systems and BS personnel sub-system. It generalises advantages of BS integration into the process of bank management. It offers...

Persistent link: https://www.econbiz.de/10010855779

Noncontractible Investments and Reference Points

Hart, Oliver - In: Games 4 (2013) 3, pp. 437-456

We analyze noncontractible investments in a model with shading. A seller can make an investment that affects a buyer’s value. The parties have outside options that depend on asset ownership. When shading is not possible and there is no contract renegotiation, an optimum can be achieved by...

Persistent link: https://www.econbiz.de/10010685982

Domestic Violence and Football in Glasgow: Are Reference Points Relevant?

Dickson, Alex; Jennings, Colin; Koop, Gary - Economics Department, University of Strathclyde - 2013

-match expectations (which can be interpreted as reference points) play an especially important role in this relationship. In particular … violence. Furthermore, we find little evidence for the importance of reference points. Matches with disappointing outcomes …

Persistent link: https://www.econbiz.de/10010602230

Loss aversion and ex post inefficient renegotiation : conference paper

Herweg, Fabian; Schmidt, Klaus M. - 2013 - This version: November 15, 2012

We propose a theory of ex post inefficient renegotiation that is based on loss aversion. When two parties write a long-term contract that has to be renegotiated after the realization of the state of the world, they take the initial contract as a reference point to which they compare gains and...

Persistent link: https://www.econbiz.de/10010342285

Reference points, social norms, and fairness in contract renegotiations : conference paper

Bartling, Björn; Schmidt, Klaus M. - 2013

Do contracts provide reference points that affect ex post behavior? We address this question in a canonical buyer …

Persistent link: https://www.econbiz.de/10010342843

Domestic violence and football in Glasgow : are reference points relevant?

Dickson, Alex; Jennings, Colin C.; Koop, Gary - 2013

Persistent link: https://www.econbiz.de/10009735503