Showing 1 - 10 of 147
Operations managers are becoming more important in modern corporations. They do not only care on firms’ inventory management but also they are involved in firms’ strategic decisions. Within this setting we ask about the consequences in the inventory policy of this new role undertaken by...
Persistent link: https://www.econbiz.de/10005035373
Persistent link: https://www.econbiz.de/10003397970
In the framework of Cognitive Approach, this paper proposes a new method to identify strategic groups (SG) using Data Envelopment Analysis (DEA) methods. Two assumptions are maintained in the SG literature: first, firms grouped together value inputs and outputs similarly, and, second, some...
Persistent link: https://www.econbiz.de/10005417093
I consider an auction with participants that differ in valuation and access to liquid assets. Assuming credit is costly (e.g. due to moral hazard considerations) different auction rules establish different ways of screening valuation-liquidity pairs. The paper shows that standard auction forms...
Persistent link: https://www.econbiz.de/10005417094
This paper addresses the hedging of bond portfolios interest rate risk by drawing on the classical one period no-arbitrage approach of Financial Economics (Ingersoll (1987)). Under quite weak assumptions on the interest rate behavior several shadow riskless assets are introduced by means of...
Persistent link: https://www.econbiz.de/10005417095
We consider a model in which a holding company has to decide whether to finance an investment project in a subsidiary. The project can be financed either through internal capital or through debt. The subsidiary's manager has private information on the quality of the project and has...
Persistent link: https://www.econbiz.de/10005417096
This paper presents a model linking two financial markets (stocks and bonds) with the real business cycle, in the framework of the Consumption Capital Asset Pricing Model with Generalized Isoelastic Preferences. Besides interest rate term spread, the model includes a new variable to forecast...
Persistent link: https://www.econbiz.de/10005417097
Brand image is a key component of customer-based brand equity, and refers to the associations a consumer holds in memory. Such associations are often directional; one should distinguish between brand-to-attribute and attribute-to-brand associations. Information on these associations arise from...
Persistent link: https://www.econbiz.de/10005417098
Using an approach similar to that of Gerber and Shiu (1998), a recursive formula is given for the expected discounted penalty due at ruin, in the discrete time risk model. With it the joint distribution of three random variables is obtained; time to ruin, the surplus just before ruin and the...
Persistent link: https://www.econbiz.de/10005417099
This paper presents sufficient conditions for pointwise universal consistency of nonparametric delta estimators. We show the applicability of these conditions for some classes of nonparametric estimators.
Persistent link: https://www.econbiz.de/10005417100