Book review: democracy and prosperity: reinventing capitalism through a turbulent century

Democracy and Prosperity: Reinventing Capitalism through a Turbulent Century. Torben Iversen and David Soskice. Princeton University Press. 2019. Democracy and Prosperity: Reinventing Capitalism through a Turbulent Century. Torben Iversen and David Soskice. Princeton University Press. 2019. Is democracy compatible with (advanced) capitalism? And how has (advanced) democracy maintained resilience? In Democracy and Prosperity: Reinventing Capitalism through a Turbulent Century, Torben Iversen and David Soskice, two prominent scholars of comparative political economy, take up the challenge to contribute to the debate concerning the relationship between democracy and capitalism with a unique and provocative analytical framework. It should be stated at the very beginning that this review cannot do full justice to every noteworthy point raised in this significant contribution given the space limitation

Diabetic cats have decreased gut microbial diversity and a lack of butyrate producing bacteria

none11noneKieler, Ida Nordang*; Osto, Melania; Hugentobler, Leoni; Puetz, Lara; Gilbert, M. Thomas P.; Hansen, Torben; Pedersen, Oluf; Reusch, Claudia E.; Zini, Eric; Lutz, Thomas A.; Bjørnvad, Charlotte ReinhardKieler, Ida Nordang; Osto, Melania; Hugentobler, Leoni; Puetz, Lara; Gilbert, M. Thomas P.; Hansen, Torben; Pedersen, Oluf; Reusch, Claudia E.; Zini, Eric; Lutz, Thomas A.; Bjørnvad, Charlotte Reinhar

Torben Holvad

Torben Holvad is Analysis Team Leader at the European Union Agency for Railways (France). He obtained Economics degrees from Copenhagen University (MSc) and the European University Institute in Florence (PhD). He has more than 30 years of experience in applied economic analysis. His skills and expertise correspond to backgrounds like: Quantitative methods, Data Envelopment Analysis, Impact Assessment, Cost Benefit Analysis, Transport Economics, Multicriteria analysis, Economics of regulation, Data analysis, Health economics.rben Holvad es líder del equipo de análisis en la Agencia de Ferrocarriles de la Unión Europea (Francia). Obtuvo un título en Economía de la Universidad de Copenhague (MSc) y el Instituto Universitario Europeo de Florencia (PhD). Tiene más de 30 años de experiencia en análisis económico aplicado. Sus habilidades y experiencia se corresponden con antecedentes como: métodos cuantitativos, análisis envolvente de datos, evaluación de impacto, análisis de costo-beneficio, economía del transporte, análisis multicriterio, economía de la regulación, análisis de datos, economía de la salud

A framework for exploring the macroeconomic determinants of systematic risk

We selectively survey, unify and extend the literature on realized volatility of financial asset returns. Rather than focusing exclusively on characterizing the properties of realized volatility, we progress by examining economically interesting functions of realized volatility, namely realized betas for equity portfolios, relating them both to their underlying realized variance and covariance parts and to underlying macroeconomic fundamentals

Deduction, Legal Reasoning, and the Rule of Law. Book Review Of: Rhetoric and the Rule of Law. a Theory of Legal Reasoning. by Neil McCormick

Book review: Rhetoric and the Rule of Law. A Theory of Legal Reasoning. By Neil MacCormick. Oxford: Oxford University Press, 2005. Pp. xvi + 287. Reviewed by: Torben Spaa

Charge gaps and quasiparticle bands of the ionic Hubbard model

The ionic Hubbard model on a cubic lattice is investigated using analytical approximations and Wilson's renormalization group for the charge excitation spectrum. Near the Mott insulating regime, where the Hubbard repulsion starts to dominate all energies, the formation of correlated bands is described. The corresponding partial spectral weights and local densities of states show characteristic features, which compare well with a hybridized-band picture appropriate for the regime at small $U$, which at half-filling is known as a band insulator. In particular, a narrow charge gap is obtained at half-filling, and the distribution of spectral quasi-particle weight reflects the fundamental hybridization mechanism of the model

Uncertainties and risks of strategy implementation

A framework helps executives classify and understand the risk profile of a strategic initiative, write Josef Oehmen, Pelle Willumsen, Bzhwen A Kadir and Torben Juul Anderse

Does knowledge sharing pay? A multinational subsidiary perspective on knowledge outflows

Empirical studies on the impact of knowledge management on the performance of MNC subsidiaries remain elusive to date. This study examines the effect of knowledge management tools on absorptive capacity and firm performance with unique data from subsidiary units in a large German MNC – HeidelbergCement. The findings suggest that knowledge management tools unfold their performance impact through their significant influence on absorptive capacity and knowledge inflows. The key contributions to the current literature on knowledge flows in the MNC include an empirically corroborated link between deployments of knowledge management tools and their impact on the subsidiary employee’s ability and motivation to learn from internal knowledge flows in the MNC as well as their impact on subsidiary business performance

Benchmarking news recommendations: the CLEF NewsREEL use case

The CLEF NewsREEL challenge is a campaign-style evaluation lab allowing participants to evaluate and optimize news recommender algorithms. The goal is to create an algorithm that is able to generate news items that users would click, respecting a strict time constraint. The lab challenges participants to compete in either a "living lab" (Task 1) or perform an evaluation that replays recorded streams (Task 2). In this report, we discuss the objectives and challenges of the NewsREEL lab, summarize last year's campaign and outline the main research challenges that can be addressed by participating in NewsREEL 2016