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Using cointegration techniques, we investigate the determinants of gasoline demand in Switzerland over the period 1970–2008. We obtain a very weak price elasticity of −0.09 in the short run and −0.34 in the long run. For fuel demand, i.e. gasoline plus diesel, the corresponding price...
Persistent link: https://www.econbiz.de/10011046780
This paper investigates the relationships between energy consumption and economic growth in Switzerland over the period 1950–2010. We apply bounds testing techniques to different energy types separately. Robustness tests are performed by including additional variables and restricting the...
Persistent link: https://www.econbiz.de/10010616845
Persistent link: https://www.econbiz.de/10010083777
We propose an aggregate planning model based on integer optimization that combines consumers' perception, market share, and cost-benefit analysis. This model provides a new direction to optimize the design of credit card services. The survey was administered online last summer in China and...
Persistent link: https://www.econbiz.de/10009428642
We have conducted survey research to measure the perception of the Genevese population regarding the problem of information overload. The sample size is 581. Main findings indicate that information overload is a real concern in Geneva and seems to affect the efficiency of companies. Themes like...
Persistent link: https://www.econbiz.de/10010990677
Service enterprises have traditionally used organizational models from the manufacturing and industrial sectors, incorporating ideas such as hierarchy, task repetition, and standardization of procedures. However, these disciplined production systems tend to use humans more than machines in the...
Persistent link: https://www.econbiz.de/10009318574
The goal of this paper is to study a very important risk metric in commodity trading: volume liquidity risk. It begins by examining the statistical properties of volume and settlement price change of futures contracts of different maturities. The results are used in the construction of a model...
Persistent link: https://www.econbiz.de/10009318575
Switzerland has introduced a new regulation that forces most SMEs to adopt an internal control system (ICS) by the end of 2008. The implementation of ICSs might not provide proper risk management approaches for the organisations. Indeed, logistical and psychological barriers might affect their...
Persistent link: https://www.econbiz.de/10010669442
This paper proposes a new framework for the calculation of liquidity adjusted value at risk, or LVaR. The model presented in this paper is extended from Almgren and Chriss's mean-variance optimal trading approach (1999 and 2000). Contrary to Almgren and Chriss's model, we express price...
Persistent link: https://www.econbiz.de/10012758106
We estimate the rebound effect for private transportation using cross-section micro-level data in Switzerland for 2010. Our simultaneous equations model accounts for endogeneity of travel distance, vehicle fuel intensity and vehicle weight. Compared to the literature, our paper provides an...
Persistent link: https://www.econbiz.de/10010928120