contribution to book – microfoundations.org

Wozu 1000er Noten?

ylemaster — Sun, 11 Sep 2016 06:00:42 +0000

Contribution to Monetary Economic Issues Today — Festschrift für Ernst Baltensperger, Juni 2017.

The origins of expected utility theory

ylemaster — Thu, 01 Jan 2009 07:00:45 +0000

Lengwiler, Yvan (2009) in: Vinzenz Bronzin’s Option Pricing Models Exposition and Appraisal. Berlin: Springer, S. 535-546. This short contribution is not about Vinzenz Bronzin or about option pricing. Rather, the topic I would like to address is another important piece of economic theory, namely the theory of expected utility maximization. It is interesting to note… Read More »

Corruption in procurement auctions

ylemaster — Wed, 01 Mar 2006 07:00:37 +0000

Lengwiler, Yvan und Wolfstetter, Elmar (2006), in: Handbook of Procurement : Theory and Practice for Managers. Cambridge: Cambridge University Press, S. 412-429. Auctions are an efficient mechanism to procure. This is why they have been used for centuries and are being used ever more frequently. But they are not immune to manipulations through collusion and… Read More »

On some auction rules for amicable divorce in equal share partnerships

ylemaster — Tue, 01 Mar 2005 07:00:45 +0000

Lengwiler, Yvan und Wolfstetter, Elmar (2005), in: Festschrift für Hans G. Nutzinger. Marburg: Metropolis (Ethik und Ökonomie), S. 199-211. Partnerships form and dissolve. Dissolution often requires a change in property rights, from joint to single ownership, in the hands of one of the partners. This calls for a dissolution rule that assigns full property rights… Read More »