This article investigates the impact of terrorist attacks on global capital markets. We find economic consequences of terrorist attacks spillover through trading partners. When a bigger economy (measured by GDP) is targeted, the spillover is specifically prominent for economically smaller trading partners. Such partners see a -2.5% reduction in national stock indices. Odds for smaller trading p...

In corporate practice, incentive schemes are often complicated even for simple tasks. Hence, the way they are communicated might matter. In a controlled field experiment, we study a minimally invasive change in the communication of a well-established incentive scheme – a reminder regarding the piece rate at the beginning of the shift. The experiment was conducted in a large firm where experienc...

Peer-to-peer (P2P) energy trading is gaining attention as a technology to effectively handle already existing distributed resources (DER). In order manage large number of DER, it necessary increase the P2P participants. For that, designing incentives for participants engage in important. This paper describes user-centric cooperative mechanism that enhances user participation trading. The key co...

This paper examines how reputational ranking and trading commission incentives influence the forecasting behavior of sell-side analysts. I develop a model in which two analysts simultaneously forecast a company’s earnings. Each analyst attempts to maximize his compensation, which is a linear combination of his trading commissions and his expected reputational value in the labor market. My main ...

one of the main problems in the quality control of rivers is the high control cost imposed upon pollutant units. the cooperative policy approach in the treatment process between two or more pollutant units is a new and economic perspective in the environmental management of catchment basins. origins of large amounts pollutants which require a high cost to control pollution are trying to start p...