Mostrando recursos 1 - 3 de 3

  1. Timing the Start of Material Substitution Projects: Creating Switching Options under Volatile Material Prices

    Fisch, Jan Hendrik; Ross, Jan-Michael
    Firms developing new products often face the challenge of making investment decisions under uncertain input-cost conditions due to the price volatilities of the materials they use. These decisions need to be made long before the final products are launched on the market. Therefore, firms who invest in the opportunity to switch materials in a timely manner will have the flexibility to react to material price changes and realize competitive advantages. However, volatile material prices may also cause a firm to delay investment. Using real-options reasoning, this article studies the influence of input-cost fluctuations on the timing decision to start new...
    (application/pdf) - 18-oct-2016

  2. From Rome to Lisbon and Beyond: Member States' Power, Efficiency, and Proportionality in the EU Council of Ministers

    Antonakakis, Nikolaos; Badinger, Harald; Reuter, Wolf Heinrich
    This paper provides a comprehensive assessment of the evolution of EU member states' power, the EU's capability to act (efficiency), and the proportionality of the voting system in the Council of Ministers from the treaties of Rome in 1958 till the Treaty of Lisbon in 2009 and beyond, using a wide range of alternative power indices. Moreover, it considers explicitly the relevance of additional legal provisions (such as the 'Luxembourg Compromise', the 'Demographic Clause', and the 'Ioannina Compromise') and the implications of novel, more recently introduced voting rules such as reverse qualified majority voting. (authors' abstract)
    (application/pdf) - 18-oct-2016

  3. Intergenerational Educational Persistence in Europe

    Schneebaum, Alyssa; Rumplmaier, Bernhard; Altzinger, Wilfried
    Primarily using data from the 2010 European Social Survey, we analyze intergenerational educational persistence in 20 European countries, studying cross-country and cross-cluster differences in intergenerational mobility; the role of gender in determining educational persistence across generations; and changes in the degree of intergenerational persistence over time. We find that persistence is highest in the Southern and Eastern European countries, and lowest in the Nordic countries. While intergenerational persistence in the Nordic and Southern countries has declined over time, it has remained relatively steady in the rest of Europe. Further, we find evidence of differences in intergenerational persistence by gender, with mothers' education...
    (application/pdf) - 18-nov-2016

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