Zur Politischen Ökonomie der wirtschaftspolitischen Beratung

After providing some examples of contradictory economic policy advice, we characterise different conceptions of policy advice. This is possible because, in many situations, neither economic theory nor empirical analyses provide unambiguous answers to policy questions. Thus, contradictory advice by different economists is often possible without violating scientific standards. Thus, in the process of seeking policy advice, politicians and interest groups will engage scientists with similar political ideologies. In this situation, the objectivity of political advice is still possible, but only if there is an open discussion and, in the case of empirical analyses, if data are available for re-estimations.     

Neue Sterblichkeitstafeln der “Varma” für minderwertige Leben

Abstract

Die in der Versicherung minderwertiger Leben angewendeten hypothetischen Sterblichkeitstafeln zerfallen ihrem Klassifizierungsgrunde nach in zwei Gruppen: die Klassifizierung gründet sich 1:0 auf die Art der Minderwertigkeitsursache, 2:0 auf den geschatzten Grad der Minderwertigkeit.     

Blanket guarantee,deposit insurance and restructuring decisions for multinational banks

This paper examines blanket guarantee, deposit insurance and restructuring decisions with respect to a multinational bank (MNB) using Nash bargaining when the threat of a bank panic motivates countries to make decisions quickly. Failure of the bank would unevenly distribute externalities across countries, influencing the restructuring incentives. In equilibrium, the bank is either liquidated or one of the countries – or both – recapitalizes it. A partition of the recapitalization costs is sensitive to the country-specific benefits and costs from recapitalization, panic and liquidation. The home regulator benefits from the advantage that it is the only entity that can legally liquidate the MNB. Rational expectations regarding the bargaining result affect the incentives to declare a blanket guarantee.     

That Sounds Sweet: Using Cross‐Modal Correspondences to Communicate Gustatory Attributes

Building on existing research into sound symbolism and cross‐modal correspondences, this article proposes that cross‐modal correspondences—systematic mappings between different sensory modalities—can be used to communicate nonmusical, low‐level sensory properties such as basic tastes through music. A series of three experiments demonstrates that cross‐modal correspondences enable people to systematically encode basic taste properties into parameters in musical space (Experiment 1), and that they are able to correctly decode basic taste information embedded in complex musical compositions (Experiments 2 and 3). The results also suggest some culture‐specificity to these mappings, given that decoding performance, while still above chance levels, was lower in Indian participants than in those from the United States (Experiment 3). Implications and potential applications of these findings are discussed.     

Technik für ein langes Leben

Megatrend Ambient Assisted Living - Im Jahr 2035 wird in Deutschland jeder dritte Mensch ?lter sein als 60 Jahre. Die Nachfrage nach Dienstleistungen und unterstützenden Systemen wird steigen. Technische Assistenzsysteme für Pflegende, Pflegebedürftige und deren Angeh?rige sollen das Leben im Alter sicherer und bequemer machen.     

Construction of owner–manager identity in corporate social responsibility discourse

This article examines the different discursive resources on which small business owner–managers draw when understanding their sense of self in relation to corporate social responsibility. In the small business context, identity provides a justifiable framework to study corporate social responsibility, as decisions regarding socially responsible activities are mainly taken by managers and stem from their sense of who they are in the world. On the basis of 25 thematic interviews with owner–managers, two broad discursive resources were found that describe how they actively seek to create and legitimise their sense of self within the discussion on corporate social responsibility. These discursive resources are called being altruistic and being instrumental. The findings emphasise that the essential and also the most challenging feature in small business owner–managers' identity work is the process of reconciling economic values with the social and ethical aspects of business life.