Zusammenfassung Eine Sonderauswertung der Schweizerischen Nationalbank zu den Direktinvestitionen schweizerischer Unternehmen desaggregiert nach Zielländern und Branchen erlaubt erstmals für den langen Zeitraum von 1985 bis 1997 sowohl für die Gesamtwirtschaft als auch für die zentralen...

In this paper, unique data from the Swiss National Bank on foreign direct investment (FD1) of Swiss firms, disaggregated according to recipient country and industrial sector for the years 1985 to 1997 are analysed for the first time. The analysis is performed on an aggregate, country-wide level...

The aim of this paper is to analyze working-hour constraints in an international setting. We use data from the latest Work Orientations data set of the International Social Survey Program (ISSP). The survey was conducted in 1997 and, in this paper, data for twenty-one countries are used. Our...

We investigate the suitability of securitization as an alternative to reinsurance for the purpose of transferring natural catastrophe risk. We characterize the conditions under which one or the other form of risk transfer dominates using a setting in which reinsurers and traders in financial...

Most items are sold to consumers by retail stores. Stores have two features that distinguish them from auctions. First, the price is posted and a consumer who values the good at more than the posted price is sold the good. Second, the sale takes place as soon as the consumer decides to buy. In...