Recently, it has been suggested that the process of economic development should ideally be viewed as a socioeconomictransformation. Such a view requires a comprehensive understanding of how agents learn and changetheir behaviour. However, these aspects have only been inadequately addressed in...

The common prior assumption asserts that the beliefs of agents in different states of theworld are their posteriors based on a common prior and possibly some private signal. Commonpriors are pervasive in most economic models of incomplete information, oligopoly models withasymmetrically informed...

Mit den folgenden Ausführungen wollen wir daher versuchen, Hinweise auf ein Verständnis von Unternehmensführung zu geben, das den oben angesprochenen Veränderungen in der Organisationspraxis gerecht wird, ja bisweilen sogar der realen Entwicklung stellenweise vorauseilen mag.(...)