Showing 1 - 10 of 63
Jensen/Mecklings Konzept der Agency Costs (des Fremdkapitals) beschreibt die Vermögenseinbuße opportunistisch agierender Schuldner, wenn rationale Gläubiger (fremdkapitalinduzierte) Risikoanreize korrekt antizipieren und, risikoadjustiert, höhere Kreditforderungen durchsetzen. Dabei wird...
Persistent link: https://www.econbiz.de/10005785959
Die deutsche Wohnungswirtschaft unterliegt einer tiefgreifenden staatlichen Regulierung. Hiervon sind insbesondere Heizungsanlagen betroffen. Durch die vorgeschriebene Aufteilung in Kaltmiete und Nebenkosten stellt sich die Investition in eine neue, effiziente Heizungsanlage für den Vermieter...
Persistent link: https://www.econbiz.de/10008596356
During the last three decades the ascent of behavioral economics clearly helped to bring down artificial disciplinary boundaries between psychology and economics. Noting that behavioral economics seems still under the spell of the rational choice tradition - and, indirectly, of behaviorism - we...
Persistent link: https://www.econbiz.de/10005090539
Global environmental protection is characterized as a public good. In contrast to the national level where the state is able to regulate external effects, there is a lack of supranational institutions which have enough power to force countries to reduce pollution levels. In spite of the...
Persistent link: https://www.econbiz.de/10005739732
This paper aims to analize the role of personal identity in decision making. To this end, it starts by reviewing critically the growing literature on economics and identity. Considering the ambiguities that the concept of social identity poses, our proposal focuses on the concept of personal...
Persistent link: https://www.econbiz.de/10005032019
For our experiment on corruption, we designed a coordination game to model the influence of risk attitudes, beliefs, and information on behavioral choices and determined the equilibria. We observed that the participants' risk attitudes failed to explain their choices between corrupt and...
Persistent link: https://www.econbiz.de/10010555244
issues will be cross classified with J23; those focusing on innovation and entrepreneurship will be cross classified with O31 … the questions this review covers the intersection of entrepreneurship with labor markets, innovation and capital markets …
Persistent link: https://www.econbiz.de/10004970272
innovative inputs on a sample of 3045 manufacturing firms drawn from the third Italian Community Innovation Survey (1998 …-2000). The interactions between four different sources of innovation - internal and external R+D, embodied and disembodied … complementarity and substitutability relationships, depending both on the typology of the targeted innovation output and on the …
Persistent link: https://www.econbiz.de/10004970285
The aim of this paper is to analyse the effects of knowledge management on the innovation success of firms in Germany …. Using a matching procedure on data from the German Innovation Survey of 2003 ("Mannheim Innovation Panel"), we pair firms … management on the share of cost reductions with process innovation. …
Persistent link: https://www.econbiz.de/10004980453
In the past decades the role of profit sharing schemes (PSS) as a way to foster innovation in a principal-agent context …, and more generally of innovation in economic growth, have been widely acknowledged and studied. However, surprisingly … innovation in a pure knowledge economy: a 'patent box' incentive and a tax incentive on compensation earned by agents as PSS. A …
Persistent link: https://www.econbiz.de/10011183322