| History as Reflected in Capital Markets: The Case of World War II |
| Historical events are reflected in asset prices. Looking at government bond prices of five European countries traded on the Swiss stock exchange during WWII provides a useful way of interpreting the (...) |
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| Was bewirkt die Volkswirtschaftslehre? |
| Due to its formality and highly analytic thinking, economics is often attributed a leading role among the social sciences and a prominent position as contributor to economic or social issues in the (...) |
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| Outcome, Process & Power in Direct Democracy |
| Based on survey data for Switzerland, new empirical findings on direct democracy are presented. In the first part, we show that, on average, public employees receive lower financial compensation (...) |
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| Managerial Power and Compensation |
| According to the widely used Managerial Power Model, a higher hierarchical position with associated higher power leads to higher compensation. In contrast, the Compensating Wage Differentials Model (...) |
