Workshop on Incentives, Information and Organization
April 19. - 20., 1996
Institute for Advanced Studies,
Stumpergasse 56, 1060 Vienna
Tentative Program
Friday, April 19.
3:30 - 5:00 Muriel Goetz (University of Vienna)
"Monitoring Reports with a Self-Interested Inspector"
5:30 - 7:00 Jean Jacques Laffont (Universite des Sciences Sociales,
Toulouse)
"Collusion Under Asymmetric Information in Organizations"
Saturday, April 20.
9:00 - 10:30 Sudipto Bhattacharya (London School of Economics)
"Bargaining and Sharing Knowledge"
11:00 - 12:30 Josef Zechner (University of Vienna)
"IPO-Mechanisms, Monitoring and Ownership
Structure"
2:00 - 3:30 Klaus Schmidt (University of Munich)
"Managerial Incentives and Product Market Competition"
4:00 - 5:30 Stefan Reichelstein (University of Vienna)
"Incentives and Coordination in Hierarchies"
Renate Kogler
Lehrstuhl fuer Controlling
Institut fuer BWL
Universitaet Wien
Bruenner Strasse 72
A-1210 Wien
Tel.: +43-1-29128-402
Fax : +43-1-29128-404
=========================================================================
EINLADUNG
zum
Betriebswirtschaftlichen Forschungsseminar
des Instituts fuer Betriebswirtschaftslehre
der Universitaet Wien
Bruenner Strasse 72, 1210 Wien
Freitag, 29.03.1996; 15.30 Uhr; HS 8 des BWZ
Prof. Michael Kirschenheiter (Columbia University)
,Managerial Discretion Under Alternative Accounting
Standards"
Abstract:
This paper compares financial reporting discretion under market value
and historical cost standards where holding gains are reported under
the former and not under the latter. Management affects reported
earnings by selling a portion of the asset at the interim date or, under
the market value standard, by reporting a different estimate.
Conditions are presented where, with perfect markets, the principal is
indifferent between the alternative standards and a situation of where
the components of earnings are known. If markets are imperfect, so
the project's net realizable value differs from its value in use,
knowledge of the earnings components strictly dominates both the
market value and historical cost standard, while the principal prefers
market value to historical cost if discretion is small enough.
Freitag, 26.04.1996; 15.30 Uhr; HS 8 des BWZ
Dr. Josef Hofbauer (Universitaet Wien)
,Nicht-Konvergenz zum Gleichgewicht: Ein universelles
Shapley Beispiel"
Renate Kogler
Lehrstuhl fuer Controlling
Institut fuer BWL
Universitaet Wien
Bruenner Strasse 72
A-1210 Wien
Tel.: +43-1-29128-402
Fax : +43-1-29128-404
=========================================================================
INSTITUT FUER HOEHERE STUDIEN INSTITUTE FOR ADVANCED STUDIES
ABTEILUNG MATHEMATISCHE METHODEN UND COMPUTERVERFAHREN
Quantitative Finanzwirtschaft
Lehrgang 1996/98
Im Oktober 1996 beginnt an der Abteilung fuer Mathematische Methoden
und Computerverfahren des Instituts fuer Hoehere Studien, Wien ein
neuer zweijaehriger Post-Graduate-Lehrgang "Quantitative Finanzwirt-
schaft" mit folgendem Programm:
Methodische Grundlagen
· Wahrscheinlichkeitstheorie und Statistik
· Oekonometrie und Zeitreihenanalyse
· Financial Econometrics
Finanztheorie/Finanzwirtschaft
· Wertpapieranalyse und Portfoliotheorie
· Derivative Finanzinstrumente
· Zeitstetige Finanztheorie
· Financial Engineering
· Finanzmarktindikatoren
Computational Intelligence Methoden
· Neuronale Netze
· Genetische Algorithmen
EDV und Informationsdienste
Charakteristisch fuer das IHS-Studium sind kleine Jahrgangsgroessen,
welche ein effizientes Studium sicherstellen, sowie der Zugang zu
ausgezeichneten Ressourcen (EDV, Informationsdienste, Bibliothek).
Vortragende sind Gastprofessoren - vor allem aus dem englisch-
sprachigen Raum - und die wissenschaftlichen Mitarbeiter des Instituts.
Voraussetzung fuer die Aufnahme in den Lehrgang ist eine bestandene
Aufnahmspruefung, bei Erfolg wird ein Stipendium gewaehrt. Gute Vor-
kenntnisse in Mathematik/Statistik/EDV sind unbedingt erforderlich.
Als BewerberInnen kommen deshalb insbesondere Absolventen mathematisch-
naturwissenschaftlicher oder technischer Faecher in Frage, aber auch
Volks- und Betriebswirte mit einer entsprechenden methodischen
Qualifikation.
Naehere Informationen sind am IHS erhaeltlich
(Dr. Mitter - Tel. Wien 59991/158).
--
*************************************************************************
****** __ __ __ ____ *** Peter Mitter,Institute for Advanced Studies *
***** / / / / / / / __ \ * Stumpergasse 56, A-1060 Vienna, Austria *
**** / / / /_/ / / /_ \/ ** Internet: mitter(a)ihssv.wsr.ac.at *
*** / / / __ / \__ \ *** CompuServe: 100271,270 *
** / / / / / / /\__/ / **** BTX (Austria): 912310644 *
* /_/ /_/ /_/ \____/ ***** voice: +43-1-59991-158 *
** ****** fax: +43-1-5970635 *
*************************************************************************
http://www.wsr.ac.at/ihs-html/ gopher://gopher.wsr.ac.at/1/ihs
=========================================================================
Dear network members:
If you know people that are interested in following this course by
Dixit, please let me know so that I can fax you some details. The
deadline for applications is April 15.
Best regards, Peter
------- Forwarded Message Follows -------
>From STJ(a)busieco.ou.dk Sun Mar 19 17:27:57 2000
From: "Steffen J rgensen" <STJ(a)busieco.ou.dk>
Organization: Sch. of Busi. & Eco., O.U., Denmark
To: kort(a)kub.nl
Status: RO
X-Status:
X-Keywords:
X-UID: 104
Date sent: Mon, 18 Mar 1996 14:54:15 GMT-1
Subject: dixit and pindyck
Priority: normal
Status: RO
X-Status:
X-Keywords:
X-UID: 105
Dear Peter:
>From the "Finnish Postgraduate Programme in Economics" I received
information that prof. Dixit will give a postdoctoral course based on
the textbook. It takes place May 21-30 in Helsinki. Do you think it
would be of interest to some of the junior researchers in our EU
network to attend? It could be, since the Dixit-Pindyck approach
plays an important role the work of our network. I can fax the
details to you, if you want to distribute the announcement to
the partners of the network. Also students outside of Finland can
participate.
Best wishes, Steffen
=========================================================================
>
> FINANCE FORSCHUNGSSEMINAR
> (R. Alt)
>
>
>
> Der fuer den 26.Maerz 96 vorgesehene Vortrag
> von M. Scheicher (Uni Wien) mit dem Titel
>
>
"Asset Pricing mit zeitabhaengigen Kovarianzen
> fuer deutsche Aktien"
>
> entfaellt wegen Erkrankung des Vortragenden. Dieser Vortrag
> wird zu einem spaeteren Termin (im April) nachgeholt.
>
>
>
R. Alt
>
> --
>
--
Institute for Advanced Studies Tel: +43-1-59991
Stumpergasse 56 Fax: +43-1-5970635
A-1060 Wien, Austria, Europe
=========================================================================
VSX WORKSHOP
Einladung zum
Vortrag
von
Professor Sudipto Bhattacharya
ueber
''Conceptual Issues in Banking Regulation''
am Donnerstag, 18. April 1996, 15.30 - 17.00 Uhr,
im Hoersaal 6 des Betriebswirtschaftlichen Zentrums
der Universitaet Wien, Bruenner Stra"se 72, 1210 Wien.
=========================================================================
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=========================================================================
EINLADUNG
zum
Betriebswirtschaftlichen Forschungsseminar
des Instituts fuer Betriebswirtschaftslehre
der Universitaet Wien
Bruenner Strasse 72, 1210 Wien
Freitag, 22.03.1996; 15.30 Uhr; HS 8 des BWZ
Dr. Wolfgang Schmidt (Deutsche Bank Frankfurt)
,On interest rate term structure models"
ABSTRACT:
We first survey popular interest rate models currently used in practice
for pricing and hedging interest rate derivatives and discuss their
adaption to market inputs.
Then we present a new approach to the construction of interest rate
term structure models.
This approach is illustrated by some sample applications.
Freitag, 29.03.1996; 15.30 Uhr; HS 8 des BWZ
Prof. Michael Kirschenheiter (Columbia University)
,Managerial Discretion Under Alternative Accounting
Standards"
Renate Kogler
Lehrstuhl fuer Controlling
Institut fuer BWL
Universitaet Wien
Bruenner Strasse 72
A-1210 Wien
Tel.: +43-1-29128-402
Fax : +43-1-29128-404
=========================================================================