Blog,collaboration and e-commerce theoretical and applicative research project

This theme continues and completes another interdisciplinary project launched one year ago, and its aim is to realize one or several models about e-business in Romania. As a consequence, we can speak now about an extended project. The elaborated material will be useful for a large number of companies doing business in Romanian online environment. The team wants to elaborate solutions for e-businesses, as well as to create a complex and utile work, a starting point for companies wishing to exist in web lifestyle within a global economy. It will be elaborated a manual of blog and electronic commerce, both with theoretical and applicative aspects. This project will consolidate a research nucleus in blogs, collaboration and electronic businesses at the Business Administration Department, Babes-Bolyai University. The results of this extended project will have impact on several plans on the scientific community.     

Economic Sentiments and Money Demand Stability in the CEECs

Open Economies Review - This paper aims at building a money demand function that takes account of the heterogeneities of the Central and Eastern European Countries (CEECs) in the context of the...     

A STRUCTURAL MODEL OF ELECTORAL ACCOUNTABILITY

This article proposes a structural approach to measuring the effects of electoral accountability. We estimate a political agency model with imperfect information in order to identify and quantify discipline and selection effects, using data on U.S. governors. We find that the possibility of reelection provides a significant incentive for incumbents to exert effort, that is, a disciplining effect. We also find a positive but weaker selection effect. According to our model, the widely used two‐term regime improves voter welfare by 4.2% compared to a one‐term regime, and better voter information about the effort of the governors would further increase voter welfare by up to 0.5%.     

哈勒姆——欧洲花都

荷兰是一个君主立宪制国家。现位君主是Ｂｅａｔｒｉｘ女王。荷兰自古以来就实行高度集中的行政管理体系,这一体系由３个层次组成:１中央政府２省级政府３市级政府国家的统治机关是选举产生的议会,议会由上院和下院组成,上院有７５名议员,下院有１５０名议员。行政权力集中在部长会议,现任首相是ＷｉｍＫｏｋ。因为荷兰是一个极富个性的民族,有许多的政治党派。目前,议会下院中大约有１０个党派占居席位。荷兰分为１２个省,各省每隔４年选举一次。各省的主要任务是监督所辖城市的工作,尤其是对财政预算的控制。●关于哈勒姆市哈勒姆市是荷兰…     

Strategic loan defaults and coordination: An experimental analysis

This paper experimentally studies the impact of bank and borrower fundamentals on loan repayment. We find that solvent borrowers are more likely to default strategically when the bank’s expected strength is low, although loan repayment is a Pareto dominant Nash equilibrium. Borrowers are also less likely to repay when other borrowers’ expected repayment capacity is low, regardless of banks’ fundamentals. We show that changes in expectations about bank and borrower fundamentals change the risk dominance properties of the borrowers’ coordination problem, and that these changes subsequently explain strategic defaults. For the individual borrower, loss aversion and negative past experiences reduce repayment, suggesting that bank failure can be contagious in times of distress.     

Studying purchasing specialization in organizations: a multi-agent simulation approach

This paper reports on a series of multi-agent-based simulation experiments. The purpose of these experiments is to investigate how factors like task-complexity, availability of skills and corporate policies determine the degree to which a firm may benefit from a specific, dedicated purchasing department. Particular attention is paid to the purchasing of non-product-related items and services. Among the factors investigated are: corporate purchasing policies, available information, capacity of organizational members and the nature of the various purchasing activities. Preliminary results suggest that most of these factors impact on the degree of involvement of a purchasing department as well as the quality of the purchasing activities carried out. The results show the limits of Purchasing's added value and the importance of organizational learning in that respect.     

The Role of TTIP on the Environment

The current study empirically investigates and shows that, on average, the possible implementation of the Transatlantic Trade and Investment Partnership (TTIP) would generally help in the fight against global warming. In particular, the study finds that a 1% increase in the bilateral trade between the United States and the typical EU member would reduce annual per capita emissions of CO₂ and GHGs in the typical TTIP member by about 2.7% and 2.4%, respectively. However, results also show that TTIP may increase annual per capita emissions of GHGs in the United States by about 2.5% per year. These results stand because the factor endowment hypothesis and the pollution haven hypothesis based on population density variations appear to dominate the pollution haven hypothesis based on national income differences.     

Corporate Management of Highly Dynamic Risks: Evidence from the Demand for Terrorism Insurance in Germany

This paper investigates a corporation's risk management response to highly dynamic risks. Using a unique data set on the German terrorist insurance market, the paper tests whether corporate risk managers have a clear understanding of the probability distribution of highly dynamic risks or if risk managers learn from severe losses and base their decisions upon day-to-day experience. The paper further investigates whether risk managers become more confident in their risk management decisions over time. For this purpose, we apply Viscusi's prospective reference theory to a corporate context. We find that firms learn from single events when making their risk management decisions, and that risk managers become more confident with their risk management decisions over time.