Das Streben nach Flexibilität hat in innovativen Beschaffungsentscheidungen den Rang eines eigenständigen Entscheidungsziels: Die Nachfrager wollen sich die Möglichkeit der Entschlußrevision offenhalten. Die Anbieter entsprechen diesem Streben nach Handlungsautonomie ihres Partners durch das...

Entrepreneurship has been gaining increasing respect from the research community as a field of scholarly study as well as practical application worldwide as a means to achieve wealth creation and personal fulfillment. Yet, entrepreneurship, as a theoretical construct and practical phenomenon,...

In this paper we develop a quantitative model of entrepreneurial activity (risk-taking) and consumer bankruptcy choices and use the model to study the effects of bankruptcy regulations on entrepreneurial activity, bankruptcy rate and welfare. We show that eliminating bankruptcy exemptions leads...