Unternehmer koennen eine aktive Rolle in ihren eigenen Unternehmen spielen: Sie sind dann gleichzeitig Eigentuemer, Fuehrungskraft und stehen in der operativen Verantwortung. Fuer das UEberleben der Unternehmen sind Innovationen essentiell: Ohne Innovation entsteht kein Produkt. Wie sich...

This paper discusses the design, implementation and use of standards from the perspective of transaction costs economics. A proper design and implementation of standards may lead to a considerable reduction of transaction costs, which enhances trade and, consequently, economic welfare. A major...

Im Zuge der Globalisierung und Beschleunigung des Wettbewerbs wird die schnelle und kostenguenstige Entwicklung von Produkten bis zur Marktreife zunehmend zu einem zentralen Wettbewerbsfaktor. Dies gilt im besonderen Masse fuer die pharmazeutische Industrie, in der die Ausgaben fuer Forschung &...

A recent literature has emerged providing compelling evidence that a major shift in the organization of the developed economies has been taking place: away from what has been characterized as the <I>managed economy</I> towards the <I>entrepreneurial economy</I>. In particular, the empirical evidence provides...</i></i>

A turnaround in the way we convert and consume energy is the key to successful climate change mitigation. Taking a micro-economic perspective, in order to put the necessary changes into practice corporations in the energy sector need not only have a long-term vision of the developments necessary...

In relativ kurzer Zeit haben Open Source-Projekte als selbst organisierte, informale (Arbeits-)Netzwerke freiwillig Arbeitender, die durch eine rechtlich spezifische Lizenz ein „oeffentliches Gut“ erstellen, neben kommerzieller Software eine hohe Bedeutung erlangt. In dieser Arbeit wird die...

A Forecast Support System (FSS), which generates sales forecasts, is a sophisticated business analytical tool that can help to improve targeted business decisions. Many companies use such a tool, although at the same time they may allow managers to quote their own forecasts. These sales...

In this era of globalisation the traditional Ricardian theory of trade in products governed by comparative advantages is replaced by a modern theory of trade in tasks. Tasks are outsourced to those places in the world where the lower production costs outweigh the additional transaction costs...

This era of globalisation is characterized by an ongoing international fragmentation of production where the supply chain is split up in more and more parts. The traditional Ricardian theory of trade in products governed by comparative advantages is replaced by a modern theory of trade in tasks....

This discussion paper has led to a publication in the <I>Journal of Business Ethics</I>, 2013, 117(3), 601-13.<P> Halal certification of financials product may reduce transaction costs for its buyers when it provides a trusted standard for investors that seek to comply with Islamic law. However, we show...</p></i>