250 Folgen

Die Universitätsbibliothek (UB) verfügt über ein umfangreiches Archiv an elektronischen Medien, das von Volltextsammlungen über Zeitungsarchive, Wörterbücher und Enzyklopädien bis hin zu ausführlichen Bibliographien und mehr als 1000 Datenbanken reicht. Auf iTunes U stellt die UB unter anderem eine Auswahl an elektronischen Publikationen der Wissenschaftlerinnen und Wissenschaftler an der LMU bereit. (Dies ist der 1. von 3 Teilen der Sammlung 'Volkswirtschaft - Open Access LMU'.)

Volkswirtschaft - Open Access LMU - Teil 01/03 Ludwig-Maximilians-Universität München

    • Bildung
    • 2,8 • 21 Bewertungen

Die Universitätsbibliothek (UB) verfügt über ein umfangreiches Archiv an elektronischen Medien, das von Volltextsammlungen über Zeitungsarchive, Wörterbücher und Enzyklopädien bis hin zu ausführlichen Bibliographien und mehr als 1000 Datenbanken reicht. Auf iTunes U stellt die UB unter anderem eine Auswahl an elektronischen Publikationen der Wissenschaftlerinnen und Wissenschaftler an der LMU bereit. (Dies ist der 1. von 3 Teilen der Sammlung 'Volkswirtschaft - Open Access LMU'.)

    Contests with multi-tasking

    Contests with multi-tasking

    The standard contest model in which participants compete in a single dimension is well understood and documented. Multi-dimension extensions are possible but are liable to increase the complexity of the contest structure, mitigating one of its main advantages: simplicity. In this paper we propose an extension in which competition ensues in several dimensions and a competitor that wins a certain number of these is awarded a prize. The amount of information needed to run the contest is hence limited to the number of dimensions won by each player. We look at the design of this contest from the point of view of maximizing effort in the contest (per dimension and totally), and show that there will be a tendency to run small contests with few dimensions. The standard Tullock model and its results are encompassed by our framework.

    Economic integration and redistribuitive taxation

    Economic integration and redistribuitive taxation

    We set up a simple political economy model where economic integration raises the profitability of multinational firms. In this setting redistributive taxation may rise following economic integration, if the effects of the widened income gap dominate the higher excess burden of the tax.

    Estimation with Numerical Integration on Sparse Grids

    Estimation with Numerical Integration on Sparse Grids

    For the estimation of many econometric models, integrals without analytical solutions have to be evaluated. Examples include limited dependent variables and nonlinear panel data models. In the case of one-dimensional integrals, Gaussian quadrature is known to work efficiently for a large class of problems. In higher dimensions, similar approaches discussed in the literature are either very specific and hard to implement or suffer from exponentially rising computational costs in the number of dimensions - a problem known as the "curse of dimensionality" of numerical integration. We propose a strategy that shares the advantages of Gaussian quadrature methods, is very general and easily implemented, and does not suffer from the curse of dimensionality. Monte Carlo experiments for the random parameters logit model indicate the superior performance of the proposed method over simulation techniques.

    The Intensity of Incentives in Firms and Markets: Moral Hazard with Envious Agents

    The Intensity of Incentives in Firms and Markets: Moral Hazard with Envious Agents

    While most market transactions are subject to strong incentives, transactions within firms are often not incentivized. We offer an explanation for this observation based on envy among agents in an otherwise standard moral hazard model with multiple agents. Envious agents suffer if other agents receive a higher wage due to random shocks to their performance measures. The necessary compensation for expected envy renders incentive provision more expensive, which generates a tendency towards flat-wage contracts. Moreover, empirical evidence suggests that social comparisons like envy are more pronounced among employees within firms than among individuals who interact only in the market. Flat-wage contracts are thus more likely to be optimal in firms than in markets.

    Company tax coordination cum tax rate competition in the European Union

    Company tax coordination cum tax rate competition in the European Union

    This paper reviews the recent theoretical literature that analyses the European Union's policy to eliminate preferential corporate tax regimes and the proposal to introduce a consolidated EU tax base with formula apportionment for the taxation of multinational firms. Since neither proposal includes a harmonisation of corporate tax rates, a core issue is how tax competition between member states will be affected by these partial coordination measures. The conclusions from our review are supportive of the EU's ban on preferential tax regimes, but the economic incentive effects of a switch to formula apportionment are found to be ambiguous.

    Conditional Allocation of Control Rights in Venture Capital Finance

    Conditional Allocation of Control Rights in Venture Capital Finance

    When a young entrepreneurial firm matures, it is often necessary to replace the founding entrepreneur by a professional manager. This replacement decision can be affected by the private benefits of control enjoyed by the entrepreneur which gives rise to a conflict of interest between the entrepreneur and the venture capitalist. We show that a combination of convertible securities and contingent control rights can be used to resolve this conflict efficiently. This contractual arrangement is frequently observed in venture capital finance.

Kundenrezensionen

2,8 von 5
21 Bewertungen

21 Bewertungen

Ömer5454 ,

U

R

Top‑Podcasts in Bildung

Eine Stunde History - Deutschlandfunk Nova
Deutschlandfunk Nova
Gehirn gehört - Prof. Dr. Volker Busch
Prof. Dr. Volker Busch
G Spot mit Stefanie Giesinger
Stefanie Giesinger & Studio Bummens
KRÜMELTALK Chaos trifft Herz
Antonia Zimmermann
Easy German: Learn German with native speakers | Deutsch lernen mit Muttersprachlern
Cari, Manuel und das Team von Easy German
Quarks Science Cops
Quarks

Mehr von Ludwig-Maximilians-Universität München

Grundlagen der Sozialpsychologie II (Klassische Psychologie) - SoSe 2005
Prof. Dr. Dieter Frey
LMU Grundkurs Strafrecht I (L-Z) WS 2017/18
Prof. Dr. Helmut Satzger
LMU Fakultät für Philosophie, Wissenschaftstheorie und Religionswissenschaft - Vorlesungen und Vorträge
Professoren der Fakultät für Philosophie, Wissenschaftstheorie und Religionswissenschaft
GK Strafrecht II (A-K) SoSe 2020 Satzger
Helmut Satzger
Persönlichkeitspsychologie - SoSe 2008
Dr. Tobias Haupt
LMU Europarecht Vertiefung
Caspar Behme