Now showing items 601-610 of 610
Price variability and price dispersion in a stable monetary environment
Evidence from German retail markets
We investigate the relationship between inflation and price variation using highly disaggregated, weekly price data for consumption goods recorded in Germany during 1995, a low inflation period. We find a significant ...
Hedging the Standard of Living via Cost of Living Index Futures
People dislike inflation because inflation erodes the real value of future nominal income and wealth. Adjustment of future nominal values via a cost of living index is an appropriate way to handle the problem of real income ...
Common Factors Governing VDAX Movements and the Maximum Loss
Based on daily VDAX data this paper analyzes the factors governing the movements of implied volatilities of options on the German stock index DAX. Using Principal Components Analysis over the sample period from 1996 to ...
Training Systems and Labor Mobility
A Comparison between Germany and Sweden
The impact of general and specific training on income and mobility is an important issue for the discussion around human capital as well as the design of educational systems. Using data from two retrospective life-history ...
Privately Contributing to Public Goods over Time
An Experimental Study
Similar to Levati and Neugebauer (2001), a clock is used by which participants can vary their individual contributions for voluntarily providing a public good. As time goes by, participants either in(de)crease their ...
Unobservable Effects in Structural Models of Business Performance
Critiques of the concept of key success factors have raised objections both conceptually and methodologically. From the latter perspective, common research practice is criticized for neglecting the influence of firm-specific, ...
Intuitive Optimizing for Time Allocation Decisions in Newly Formed Ventures
This article investigates whether decision makers intuitively optimize close to the normative prediction in entrepreneurial decision situations where their time must be allocated between a wage job and a newly formed ...