Modelling of debt and capital structures
What is the impact of debt structure and repayment schedule on cash flows, dividends and profit?
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2024
Related expertiseValuation, Strategy and Pricing, Financial Services, Risk Management
TeamUrs Trinkner, Tobias Binz, Lilia Habibulina
ContactProject description
In a recent project, Swiss Economics supported a client by designing and implementing a model to calculate and value the amount of debt outstanding, level of cash flows and profits, and dividend paying capacity for different assumptions regarding debt composition and structuring, interest rate, and debt repayment scheduling.
Other projects
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PAEC: Design of a pan-european gas TSO benchmark
How should an international efficiency comparison of European gas transmission system operators be organized in light of the energy transition?
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WACC 2026 for Swiss electricity grids and renewable energies
What is the appropriate cost of capital for Swiss electricity grids and renewables for 2026?
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Competitive analysis and due diligence of data centers
How is the market for data centers developing? How should a provider's existing business model be evaluated? What recommendations can be derived for business development?
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Analysis of the current situation in the field of biomedical technologies
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Securing investments to integrate Switzerland into the European hydrogen transportation network
What is the investment need for a Swiss connection to the European hydrogen network? How could funding mechanisms look like? How can investments be secured?
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Independent Expert Reports in ICC Arbitration
Swiss Economics supported on the quantum case of an international arbitration
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Nouns DAO: Alternative Fork Design
Can an alternative fork design in Nouns DAO reduce the speculative participation of arbitrageurs?
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The Ethereum Issuance Curve and its Impact on Validators
What effect does a change in Ethereum's issuance curve have on the degree of decentralisation in Ethereum's validator set? Swiss Economics is investigating this question as part of cyber.Fund's MVI Grants Program.
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International developments in ESG and their impact on Swiss SME
Increasingly comprehensive rules on sustainability reporting and due diligence apply in the EU. What does this mean for Switzerland and its SMEs?
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Tokenomics support for the 6022 insurance blockchain
How should the 6022 project's tokenomics and distribution mechanisms be designed to ensure its long-term success?
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Cashflow Currencies and Capital Costs
How do currencies affect the risk exposure of an airport or ANSP?
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Evaluation of the Confederation's Ownership Strategy for Swisscom
Is the provision of telecommunications services by a state-controlled company still legitimate?
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Developments in the electricity market
How has the Swiss electricity market developed in recent years?
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Assessment of new electricity legislations
What are the critical points of the ordinances on the overarching decree?
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Benchmarking and cost driver analysis of German power grids (EVS4)
What are the main cost drivers of power grids? How efficient are German distribution system operators (DSOs)?
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Sales fundamentals in the pensions sector
How can complex relationships in the pensions sector be explained to potential customers?
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Modelling of debt and capital structures
What is the impact of debt structure and repayment schedule on cash flows, dividends and profit?
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Economic Evaluation of temporary agency work
How do existing and potential regulations of temporary agency work affect individual stakeholder and the economy as a whole?
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Regulatory impact assessment on centralisations in trade surveillance
What are the economic effects of centralisations for reporting offices and trade monitoring in the Swiss financial centre?
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Study on housing allowances
How could housing allowances be organised throughout Switzerland?
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Asset Beta of two Indian Airports
How does the regulatory framework of an airport affect its exposure to market risk?
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Flat-rate tariff systems in the outpatient sector
How does a flat-rate system differ from an individual service tariff in terms of a number of important assessment criteria?
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WACC for Swiss electricity grids and renewable energies
How high should the financing cost rate for electricity grids and renewables be in future?
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Development of venture capital in Switzerland
How has venture capital developed in Switzerland?
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Environmental impacts of DLT-applications
How resource and energy efficient are different DLT applications?
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Effect of price signals and government measures on electricity demand
How have end customers reacted to the rise in electricity prices? What role do government measures play?
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Reversion of hydropower concessions
What are the reversion strategies of the mountain cantons? What do they mean for the canton of Zurich? Is there a need for action?
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Economic support in the merger of UBS and CS
Economic support of the legal team in the merger proceedings of the two major Swiss banks before FINMA.
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Supply Tasks, Capitalisation & Governance of a Market Area Manager
Should the future market area manager in the Swiss gas market take on tasks related to supply security? If yes, how should the market area manager be capitalized, and how should the governance be structured?
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Project support for a revision of the law
What are economically sensible thresholds for state intervention?
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Revenue opportunities Swiss hydropower
What are the revenue opportunities for different hydropower plants in Switzerland? What role do the various sales options such as spot, futures, ancillary services, capacity and proof-of-origin markets play?
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Price tags for basic postal services
How expensive are the basic supply requirements today and in ten years?
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Audit of a forecast model of the cost impact of standardised financing in the healthcare system (EFAS)
How would the standardised reimbursement of ambulatory, inpatient and nursing care services (EFAS) affect insurers?
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Impact of TV broadcasting licenses on the program and opinion diversity
How will the reallocation of broadcaster licenses for regional television affect the program and opinion diversity?
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Economic analysis of an e-voting pricing
What are the effects of a planned pricing of an e-voting plattform on competition?
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Market Power in Energy Platforms and Artificial Intelligence
From an economics perspective, what challenges do energy platforms pose? What role does artificial intelligence play in this context?
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Measures against high energy prices for a canton
Should a canton react in the event of persistently high energy prices? If so, how and when?
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Value creation effects of the Climate Protection Law (KlG)
What is the impact of the KlG on the value chains?
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Strategies for international letter mail
What are the market trends and customer needs in international letter mail? How should the UPU respond?
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Necessity and Key Elements of a Swiss Data and Digital Policy
What are the main challenges for Swiss digital policy? How can these challenges be analyzed and classified economically?
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Support for the Football Prediction Platform Pooky Labs
A new collaboration between the Center for Cryptoeconomics and Pooky Labs to create the world's first multi-sport prediction game in a web3 environment.
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Economic support for Decommerce
How to incentivize different groups to join Decommerce's community service platform?
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Assessing the opportunity costs of hydropower reserve providers
What are appropriate bids for the hydropower reserve?
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Geographical market analysis for a merger in the retail market
What is the geographical extent of retail markets?
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WACC Tool
How can the cost of capital be set in a project- or company-specific manner in a pragmatic but coherent way?
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Measures against high energy prices
What measures are being discussed at EU and Swiss level to combat high energy prices? Which of these are relevant for Switzerland? What measures could Switzerland take?
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Economic and social significance of the EVZ
What is the economic and social significance of the EVZ in the Zug region?
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Economic Audit of a Lending Protocol
Exactly is an algorithmic credit market protocol built on the Ethereum blockchain. Exactly asked Swiss Economics to review their protocol design.
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Reference network analysis and cost driver analysis of electric utilities
Looking ahead to the energy transition, what are potentially suitable comparison parameters for an efficiency comparison?
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Dublin Airport WACC
Should Dublin Airport's regulatory WACC be amended in light of Covid-19?
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Valuation of a Blockchain Protocol
Valuation for a new project developed by a group of scientists, engineers, and creatives who work at the intersection of multi-agent systems and distributed ledger technology.
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Economic monitoring of legislative work
How should the legal framework be adapted to enable sustainable development?
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Token economics for an NFT launchpad and trading platform
How to allocate and distribute the native token of the NFT lauchpad and trading platfrom Meme Cake?
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Token economics for a decentralized exchange
What is the impact of token distribution and rewards on the success of Pact?
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Analyse de coûts et stratégie tarifaire pour le chauffage à distance en Valais central
A quel niveau devrait se situer le tarif du chauffage à distance en Valais central ?
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Feasibility analysis for benchmarking in the hospital sector
How could benchmarking be implemented in the hospital sector?
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Support for the definition of the incentive regulation of Austrian DSOs
How should the system for the new regulatory period for the Austrian gas distribution networks be defined?
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Economic analysis of the partial revision of the RTVO
Is the partial revision of the Radio and Television Ordinance (RTVO) economically justified and sensible?
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Swiss Economics establishes a strategic partnership with Folks Finance
Swiss Economics' Center for Cryptoeconomics cryptecon is pleased to announce a strategic partnership with Folks Finance – a lending protocol on the Algorand Blockchain. Cryptecon will review the economic model of the protocol.
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Determination of Xgen in Germany
Have German gas and electricity networks become more productive? At what level should the Xgen be set for the fourth regulatory period?
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Tokenomics and Protocol Design for Folks Finance
Folks Finance is a lending protocol on the Algorand Blockchain. The Center for Cryptoeconomics started a strategic partnership to review the economic model of the protocol.
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Structure and governance of a Swiss innovation fund
If Switzerland wants to introduce an innovation fund, how should it be structured?
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Study on regulating interchange fees of Debit- and Credit Cards
Is there a need for regulation in the area of interchange fees in the wake of the rapid growth of new debit cards?
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Economic Assessment of Climate Change Measures and Strategies
How effective and efficient are cantonal climate measures and strategies?
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Tokenomics for a Carbon Offset Trading Platform
ChangeBlock aims to provide a platform that facilitates trading carbon offsets and allowances.
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Tokenomics for a Metaverse Platform
Consulting project for a metaverse platform that offers users immersive experiences through a VR headset.
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Platform- and Token Economics Applied to Integrity
Integrity is a platform provider that connects small businesses with service providers that help them grow.
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Decentralized option platform
What are the optimal set of parameters of a DeFi protocol mechanism that offers put options to its users?
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Reference net analysis of german electricity transmission system operators
How efficient are German transmission system operators (TSOs)?
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The role of cross-subsidization for corporate financing
How can cross-subsidies be classified? When is cross-subsidzation allowed and reasonable to corporate financing?
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Connecting renewable energies to distribution grids
How do distribution system operators (DSOs) assess the connection of renewable energies? Is there a need for harmonization?
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Importance of parking spaces in city centres
What commercial effects do traffic calming measures in inner cities have in Switzerland and Europe? What is the role of parking spaces?
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Decentralized futures contracts
How can decentralized futures contracts be implemented on Synthetix' DeFI protocol?
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Regulatory impact assessment on critical energy infrastructure
What are the implications of making critical Swiss energy infrastructure subject to "Lex Koller"?
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Effectiveness of COVID-19 measures in the second wave
Which measures taken by the Federal Council and the cantons were effective during the second wave of the Covid-19 pandemic in Switzerland and how?
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Protection against terrorism and pandemic risks
How can the German economy be protected against the systemic risks of terrorism and pandemics?
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Benchmarking European electricity and gas transmission (TCB21)
How efficient are European electricity and gas transmission system operators?
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Cooperation Partner for SWEET PATHFNDR
What are PATHways to an efficient future energy system through flexibility and sector coupling?
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Supporting CoinFantasy's launch
Cryptecon and CFX Technologies Ltd. are collaborating to create the world’s first fantasy prediction platform for cryptocurrencies.
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SwissCovid App and testing behavior in the corona pandemic
How can notified users of the SwissCovid App be motivated to get tested?
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Trusted data spaces
Swiss data governance: How to govern data spaces such that they are trusted by the public and enable innovation?
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Effectiveness and costs of corona measures and optimal level of intervention
How effective are non-pharmaceutical measures in containing the coronavirus and how high are the costs of specific measures?
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Decentralized exchange for cryptocurrencies
How to organize a decentralized exchange for cryptocurrencies? What are the pros and cons of different automated market-makers?
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NOVA and platforms in public transport
How can the interests of public transport providers be taken into account in the NOVA platform?
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Damages assessment in an arbitration case
What is the damage arising from the enactment of new EC law on an affected business?
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Amendments to the methodology for determining the WACC for Swiss power grids
How should the weighted average cost of capital (WACC) of Swiss power grids be determined?
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Assessment of economic effects from UPC - Sunrise merger
Update on the economic assessment of effects from the merger between UPC and Sunrise in the light of the reversed acquisition intention of UPC, following Sunrise's withdrawal of its own bid
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Railway power networks and fast charging of e-buses
What role(s) could SBB play in the domain of fast charging of e-buses and what could be the benefits for the whole economy?
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Effectiveness of non-pharmaceutical measures to contain the spread of the coronavirus
How effective are non-pharmaceutical measures to contain the spread of the coronavirus?
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Benchmarking and cost driver analysis of German gas pipelines (EFG4)
What are the relevant cost drivers of gas pipelines? How efficient are the German gas transmission operators in the photo year 2020?
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The Effects of the Corona Crisis on the regional Strategy of the Canton of Solothurn
How does the regional strategy of the Canton of Solothurn need to be adjusted following the Corona crisis?
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Socio-economic value of a postal service provider
How high is the socio-economic value of a postal service provider?
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Net costs of the USO of tomorrow
What are the net costs of the postal universal service obligation (USO) today and in ten years?
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Regulation, costing and pricing of district heating
What are the cost drivers of district heating? What is a "fair" price for district heating? How should the governance and regulation for district heating networks look like?
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DLT for Power
What are the requirements for DLT in the Swiss energy sector? Which norms should the sector define to foster the technology?
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Antitrust-compliant pricing
Assessment of the antitrust-compliance of a new pricing model in the energy sector
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Regulatory Impact Assessment on a cost target for the OKP
What is the impact of a cost target on the development of the costs of mandatory health care insurance (OKP)?
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Determination of track charges
How can track user charges for rail freight services be determined? How can they be implemented in practice?
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Regulatory impact assessment of different strategies for Bedag
How do the different strategic options for Bedag Information AG need to be assessed?
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Assessment of unilateral effects in the context of a merger
Assessment of unilateral effects in the context of a merger for a professional association.
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Assessment of economic effects from the UPC - Sunrise merger
Assessment of the effects from the merger between Sunrise and UPC on competition, including analysis of coordinated and non-coordinated effects.
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Determination of the efficient cost of capital for Dublin Airport
Swiss Economics advised the Irish Commission for Aviation Regulation on the appropriate return on capital in the context of its 2019 Determination of price caps for passenger tariffs at Dublin Airport
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Net costs of the USO in Ireland
Can the burden of the net cost of the universal service obligation in the Irish telecoms market be borne by the provider?
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Damage assessment for Sunrise
What are the damages resulting from a margin squeeze (abuse of a dominant position)?
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Platform- and Token Economics Applied to a Project in the Real Estate Industry
Neovate is developing an artificial intelligence platform (Wisp) that allows property residents to interact
- with the property unit’s appliances
- with the property management and,
- with a variety of the city’s local businesses.
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Platform and Monetary Economics for Verasity
Verasity developed the Proof-of-View blockchain technology and an ad-tech solution to prevent ad fraud on various video platforms. Furthermore, they created a platform for e-sport broadcasts with which they could also test their ad tech solution.
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Protocol Design Support for Havven (Synthetix)
Havven, rebranded as Synthetix, is a decentralized payment network enabling cryptocurrency purchases.
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Solving the Incentive Problem of the News Market with Spot
The incentives on the online news market got misaligned with the rise of search engines and online advertisements. In many cases, online news publishers are remunerated solely by online ad distributors. The value of news articles are therefore signaled by clicks. This leads to an overvaluation of clickbaits and an undervaluation of quality articles. This is the problem, Spot wants to solve with their solution.
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Storing and Managing Contacts with Envoy
Envoy built a cloud-based, AI-powered, decentralized application to manage and store networks of contacts securely. Through the launch of Envoy tokens they allow their users to commoditize and monetize their networks.
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Simulation of Monetary Policy Choices for Gen.ki
Cryptecon was contracted in 2018 to do simulations of monetary policy choices for Gen.ki, a blockchain-based IoT application.
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Guarantees of origin to strengthen incentives for investment in renewable energies
How can market-based incentives be set to ensure that sufficient investments are made in Swiss renewables?
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"Regulation brake" and regulation benchmarking
Can regulatory benchmarking contribute to "Better Regulation"?
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Benchmarking German power grids in light of decentralized power (EVS3)
How do increases in decentralized power affect the cost of local power grids? How high is the efficiency of German distribution system operators (DSOs)?
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Benchmarking European Electricity and Gas TSOs (TCB18)
How efficient are European electricity and gas transmission system operators (TSOs)?
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Non-discriminatory pricing
Assessment and design of a pricing model in compliance with antitrust law in the advertising industry.
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Long-term simulation of the Swiss railways infrastructure fund (BIF)
How will the Swiss railways infrastructure fund (BIF) evolve until 2050?
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Partial privatization of a state-owned enterprise
When and under what conditions does it make sense to privatise public companies?
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Introducing the SIEC test in Switzerland: Impact on merger control
Is the dominance test currently used in Switzerland for merger control still up to date?
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Cost driver analysis and benchmarking of German gas transmission system operators (EFG3)
What are the relevant cost drivers of gas pipelines? How efficient are the German gas transmission operators (TSOs) in the base year 2015?
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Benchmarking European gas transmission operators (e2GAS)
How efficient are European gas transmission system operators (TSOs)?
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Shared economy and traffic in Switzerland
What transport effects do new sharing services have? To what extent do new sharing approaches change people's mobility behaviour?
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Possible Applications of the Blockchain Technology in the Postal Sector
In 2013 to 2015 professionals from cryptecon were contracted to share their knowledge about cryptocurrencies with Postfinance, a Swiss bank.
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