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SÉMINAIRES PRÉCÉDENTS |
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THE USE OF POPULAR FILM IN THE TEACHING OF BUSINESS AND MANAGEMENT |
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- Speaker
Joseph E. Champoux, PhD Regents’ Professor Emeritus of Management, The Robert O Anderson School of Management, The University of New Mexico
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- Date and
place
23/10/2008 at 13:00 IÉSEG School of Management 3, rue de la Digue, 59000 Lille, Lecture Room: B254
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- IESEG
Seminar
jointly with LEM UMR8179
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Description
“The Use of Popular Film in the Teaching of Business and Management,” will examine the unique qualities of film as a teaching tool. I will also demonstrate several business and management concepts with selected film scenes.
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ECOLOGICAL BENCHMARKING TO EXPLORE ALTERNATIVE FISHING SCHEMES: THE DANISH DEMERSAL FISHERY IN THE NORTH SEA |
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- Speaker
Niels Vestergaard Department of Environmental and Business Economics Centre of Fisheries and Aquaculture Management and Economics (FAME) University of Southern Denmark
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- Date and
place
22/05/2008 at 14:00 IÉSEG School of Management 3, rue de la Digue, 59000 Lille, Lecture Room: A320
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- IESEG
Seminar
jointly with LEM UMR8179
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Co-Author(s)
of the
underlying
paper
Jens Kjærsgaard and Kristiaan Kerstens
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Description
The cod stock in the North Sea is threatened by overexploitation. To recover this fishing stock, pressure needs to be reduced. This implies that catch compositions with small amounts of cod are preferred by public policy makers. The present analysis assesses the technological efficiency of fishing trips, considering landings of cod as an undesirable output. A non-parametric frontier technology approach based on directional distance functions is applied to explore alternative fishing activities for Danish gill netters operating in the North Sea with the goal of protecting the cod stock. Since the performance observed on different fishing trips may be under influence of the external operating environment, a four-stage approach introduced by Fried et al. (1999) is applied to correct for such exogenous factors. The corrected directional distance function efficiency scores reveal the behavioural inefficiencies, i.e., prospects for decreasing the catch of cod while catch of other species are increased.
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Workshop: Efficiency and Productivity in Banking Industry |
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- Speaker
Ana Lozano-Vivas, Alexei Karas; Koen Schoors; Laurent Weill; Rym Ayadi; Jean-Philippe Boussemart; Hervé Leleu; Dhafer Saidane; Olivier Brandouy; Walter Briec; Kristiaan Kerstens; Ignace Van De Woestyne; Aude Deville; Garry Ferrier...
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- Date and
place
IÉSEG School of Management, 7 rue Solférino, Lille
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- IESEG
Seminar
- European Research Group (Groupement de Recherche Européen) - LEM - EQUIPPE
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Description
This workshop aims bringing together both professionals and academics interested in the fields of efficiency and productivity in banking and finance. There is a widespread need to continuously assess the efficiency of banks and their restructuring to avoid financial crises and bankruptcies. Global threats to banking and financial systems can no longer be ignored.
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COMPARING INEQUALITY ACROSS DISTRIBUTIONS WITH DIFFERENT TOTAL INCOME: A CHARACTERIZATION OF INEQUALITY EQUIVALENCE CRITERIA |
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- Speaker
Claudio Zoli Department of Economics University of Verona (Italy)
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- Date and
place
23/04/2008 at 14:00 IÉSEG School of Management 7, rue Solférino, 59000 Lille, Lecture Room: E11
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- IESEG
Seminar
jointly with LEM UMR8179
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Description
We introduce an axiomatic framework to analyze the perception of inequality across distributions with different total income. The main result is the characterization of a new two parameters generalized version of the inequality equivalence criterion (IEC), the Flexible IEC (FIE). This criterion is able to encompass all the most used criteria of inequality equivalence and is sufficiently flexible to provide a perception consistent with evidence from questionnaire investigations, namely that the inequality perception goes from the relative view (focussing on income shares) to the absolute view (focussing on absolute income differentials) as incomes increase. One parameter of the FIE is associated with the Bossert and Pfingsten (Math. Soc. Sc. 1990) Intermediate IEC (IIE) while the other is shown to lead to an alternative single parameter version of the IEC, the Proportional IEC which is dual to the previous. We provide independent characterizations both of PIE and IIE. Also alternative IECs existing in the literature are characterized within the axiomatic framework suggested. These results are consistent with those obtained in the surplus sharing literature and recently in the inequality measurement literature. Moreover they can provide insights on risk comparisons of lotteries with different expected value.
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COGNITIVE CONSISTENCY, THE ENDOWMENT EFFECT AND THE PREFERENCE REVERSAL PHENOMENON |
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- Speaker
Louis Lévy-Garboua Université de Paris I and Paris School of Economics
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- Date and
place
02/04/2008 at 14:00 IÉSEG School of Management 7, rue Solférino, 59000 Lille, Lecture Room: E21
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- IESEG
Seminar
jointly with LEM UMR8179
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Co-Author(s)
of the
underlying
paper
Serge Blondel
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Description
We exhibit three non-standard cases of preference reversal (PR) between choices and valuations of bets. PR patterns diverge whether asking prices or bidding prices are used to elicit values, a finding not well explained by contingent weighting theory. PR also occurs when a lottery is confronted with a sure gain, which is inconsistent with regret theory. Lastly, PR does not require small probabilities of winning for the riskier bet. The endowment effect arises as a surprising consequence of the WTA/WTP disparity when the probabilities of winning get close to certainty. Due to the presence of a small uncertainty regarding goods which one does not own and to a discontinuity of WTP close to certainty, people underestimate the value of goods not owned but do not overestimate the value of goods owned. We consider a new theory of choice under risk, cognitive consistency (CC) theory (Lévy-Garboua 1999), which can predict both standard and non-standard cases of PR, the WTA/WTP disparity and the endowment effect in the context of single choices with a single parameter added to risk aversion. We show that the BDM mechanism and the random lottery incentive system are incentive-compatible if subjects have preferences which satisfy CC theory. A new experiment is designed to test the predictions of CC versus other theories of PR and the endowment effect. The experimental results strongly support CC predictions, reject the regret theory explanation for PR and the loss aversion explanation for the endowment effect, and allow direct estimation of risk aversion and the additional parameter of CC theory with no restriction on the utility function.
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SKEWNESS PREFERENCE, RISK TAKING AND EXPECTED UTILITY MAXIMIZATION |
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- Speaker
W. Henry Chiu School of Social Sciences University of Manchester, UK
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- Date and
place
26/03/2008 at 14:00 IÉSEG School of Management 7, rue Solférino, 59000 Lille, Lecture Room: E21
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- IESEG
Seminar
jointly with LEM UMR8179
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Description
Available empirical evidence suggests that skewness preference plays an important role in understanding asset pricing and gambling. This paper establishes a skewness-comparability condition on probability distributions that is necessary and sufficient for any decision maker’s preferences over the distributions to depend on their means, variances and, third moments only. Under the condition, an Expected Utility maximizer’s preferences for a larger mean, a smaller variance, and a larger third moment are shown to parallel respectively his preferences for a first-degree stochastic dominant improvement, a mean-preserving contraction, and a downside risk decrease and are characterized in terms of the von Neumann-Morgenstern utility function in exactly the same way. The condition and its characterizations permit a rigorous evaluation of the available empirical evidence on skewness preference in the context of asset pricing and gambling. By showing that all Bernoulli distributions are mutually skewness comparable, we further show that in the wide range of economic models where these distributions are used individuals’ decisions under risk can be understood as tradeoffs between mean, variance, and skewness. Our results on skewness-inducing transformations of random variables can also be applied to analyze the effects of progressive tax reforms on the incentive to make risky investments.
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SUPPLY CHAIN STRUCTURES, COORDINATION COSTS, AND TRADE |
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- Speaker
Bernard Sinclair-Desgagné HEC Montréal et CIRANO
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- Date and
place
12/03/2008, Time: 14:00 IÉSEG School of Management 7, rue Solférino, 59000 Lille, Lecture Room: E21
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- IESEG
Seminar
jointly with LEM UMR8179
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Co-Author(s)
of the
underlying
paper
Ari Van Assche, HEC Montréal at CIRANO
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Description
This paper investigates the coordination of international production activities across different countries. In a three-country industry-equilibrium model, firms acquire inputs from different locations to benefit from comparative advantage.
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SCALE EFFICIENCY TEST AND DEA ESTIMATION: A BOOTSTRAP APPROACH WITH QUASI-FIXED INPUTS |
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- Speaker
Stéphane Vigeant EQUIPPE (Universités de Lille) and CABREE (University of Alberta) Faculté des Sciences Économiques et Sociales Université des Sciences et Technologies de Lille
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- Date and
place
13/02/2008 at 14:00 IÉSEG School of Management 7, rue Solférino, 59000 Lille Lecture Room: E21
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- IESEG
Seminar
jointly with LEM UMR8179
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Co-Author(s)
of the
underlying
paper
Hédi Essid (Institut des HEC de Carthage) Pierre Ouellette (Department of Economics, Université du Québec à Montréal)
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Description
The objective of the paper is to provide us with a nonparametric statistical test procedure for organization scale efficiency.
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ABOUT SHARING RULES |
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- Speaker
Eugenio Peluso University of Verona, Italy
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- Date and
place
28/11/2007 at 15:00 IÉSEG School of Management 7, rue Solférino Lecture room: E21
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- IESEG
Seminar
jointly with LEM UMR8179
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Co-Author(s)
of the
underlying
paper
Alain Trannoy EHESS-GREQAM-IDEP, Marseille (France)
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Description
The effect of a change in wealth on its allocation between two attributes is examined for three classes of utility function that generate non-linear sharing rules. Our results allow for a very wide range of applications: the Arrow-Debreu contingent claims case, the risk-sharing problem, including the standard portfolio choice, intertemporal individual consumption, the demand for insurance and tax evasion.
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“SURPRISE GIFT” PURCHASES: CUSTOMER INSIGHTS FROM THE SMALL ELECTRICAL APPLIANCES MARKET |
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- Speaker
Joëlle Vanhamme Erasmus University Rotterdam
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- Date and
place
23/11/2007 at 14:00 IÉSEG School of Management, 7, rue Solférino, 59000 Lille, Lecture Room: E21
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Co-Author(s)
of the
underlying
paper
Cees J.P.M. de Bont Delft University of Technology
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Description
From a managerial point of view, surprise gifts offer more opportunities than gifts suggested by recipients, because a larger part of the selection and purchase processes remains to be molded. Research shows that unexpected gifts that surprise are especially valued by recipients, but the extant literature on gift selection and purchase explicitly takes into account neither the giver’s intention to surprise nor the consequences for gift selection and purchase processes.
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HYBRID CAT-BONDS |
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- Speaker
Henri Loubergé University of Geneva and Swiss Finance Institute
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- Date and
place
16/11/2007 at 14:00 IÉSEG School of Management 7, rue Solférino, 59000 Lille Lecture room: E21
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- IESEG
Seminar
Henri Loubergé University of Geneva and Swiss Finance Institute
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Co-Author(s)
of the
underlying
paper
Henri Loubergé University of Geneva and Swiss Finance Institute
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Description
Natural catastrophes attract regularly the attention of media and have become a source of public concern. From a financial viewpoint, natural catastrophes represent idiosyncratic risks, diversifiable at the world level.
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NEITHER MARKET NOR HIERARCHY NOR NETWORK: THE EMERGENCE OF BAZAAR GOVERNANCE |
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- Speaker
Xavier Lecocq Professeur des Universités IAE de Lille
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- Date and
place
08/11/2007 at 15:00 7, rue Solférino, 59000 Lille Lecture Room: E21
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- IESEG
Seminar
Xavier Lecocq Professeur des Universités IAE de Lille
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Co-Author(s)
of the
underlying
paper
Xavier Lecocq Professeur des Universités IAE de Lille
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Description
A growing body of literature describes the open source phenomenon in the software industry. Drawing on transaction cost economics, we propose that open source projects illustrate a new generic governance structure - which we label bazaar governance - bas.
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SOME NEW RESULTS ABOUT AN OLD TOPICS: PROPERTIES OF THE UTILITY FUNCTIONS |
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- Speaker
Louis EECKHOUDT (CRESGE - IÉSEG)
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- Date and
place
30/05/2007, Lecture Room B 253
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Co-Author(s)
of the
underlying
paper
Louis EECKHOUDT (CRESGE - IÉSEG)
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Description
In this presentation we propose a general principle of interpretation that applies as well to the first derivatives as to the successive ones of the objective function. We also discuss some economic implications of the result.
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THE IMPACT OF FORECASTING ON THE BULLWHIP EFFECT |
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- Speaker
Prof. Erkan Bayraktar (Bahcesehir University, Industrial Engineering Department, Istanbul, TURKEY)
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- Date and
place
05/04/2007 at 15:30, IESEG Room A320
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- IESEG
Seminar
Prof. Erkan Bayraktar (Bahcesehir University, Industrial Engineering Department, Istanbul, TURKEY)
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Co-Author(s)
of the
underlying
paper
Prof. Erkan Bayraktar (Bahcesehir University, Industrial Engineering Department, Istanbul, TURKEY)
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Description
The purpose of this study is to analyze the impact of exponential smoothing forecasts on the bullwhip effect in a linear-seasonal demand environment for a two-stage supply chain.
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