We analyze the comparative statics of optimal decisions under uncertainty when preferences are represented by two-moment, mean-variance utility functions. We relate our findings to concepts for risk attitudes that have recently been proposed for the expected utility approach. In the...

Immer wenn wir Kaufentscheidungen treffen, hinterlassen wir Spuren, oft ohne dass wir dies überhaupt bemerken: beim online shoppen, der Handy Recherche oder der Verwendung einer Kundenkarte. Preisanpassungen in Echtzeit, intelligente Systeme für die Kundenkommunikation - Daten und Algorithmen...

Many households in developing countries spend substantial amounts on lottery tickets but have only poor knowledge about the properties of the game and hold upwardly biased beliefs on the prospects of winning. To test whether more accurate knowledge reduces lottery participation, households in...

The EU Commission is advocating a common consolidated tax base for the corporate income tax, accompanied by a revenue sharing mechanism based on formula apportionment. We analyse tax competition in such a regime, focussing on the interaction between the definition of the tax base and the...

Government-run entities are often more labor-intensive than private companies, even with identical production technologies. This need not imply slack in the public sector, but may be a rational response to its wage tax advantage over private firms. A tax-favored treatment of public production...

Hier erhalten Sie einen Überblick über die vielfältigen Anwendungsmöglichkeiten von Künstlicher Intelligenz im Marketing. Das Buch erklärt einfach und verständlich die dahinterliegende Technologie und ihre Wirkungsmechanismen. Dabei verfolgt es einen ganzheitlichen Ansatz, der alle...

The term “metaverse” describes the merging of the virtual and physical world. The underlying technical development leads to a change in market conditions and should enable new business models – also in the area of the festival economy. The text is dedicated to the opportunities and...