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The article determines which conflict resolution mechanisms are constructive and which are destructive, through analysing contractual agreements in European biotechnology enterprises. In the article, the term mechanism is used to refer to tools or the way in which conflicts are resolved....
Persistent link: https://www.econbiz.de/10010706481
This paper provides evidence for the assertion that there is deep structural coherence between the work of Adam Smith and modern general equilibrium theory, most notably Gérard Debreu's Theory of Value. In particular, we show that Adam Smith formulated a number of highly original and to some...
Persistent link: https://www.econbiz.de/10010706967
In order to analyse the effect of ambiguity and uncertainty aversion on equilibrium welfare, a two period, pure exchange one good economy is considered. Agents are Choquet-expected-utility maximizers with same convex capacity and strictly concave utility index. It is proven that equilibrium is...
Persistent link: https://www.econbiz.de/10010708255
This comment deals with Lipietz's presentation of a solution which had been proposed to the transformation problem. Lipietz's account can be criticized in two respects. First, his attempt to integrate the familiar Morishima-type approach with the newer one is based on a confusion between the...
Persistent link: https://www.econbiz.de/10011072266
Différentes études théoriques et empiriques ont déterminé les raisons pour lesquelles les entreprises décident de gérer leurs risques financiers. Les hypothèses qui les sous-tendent et les principaux résultats auxquels elles ont abouti sont synthétisés dans cet article. Ces études...
Persistent link: https://www.econbiz.de/10011073023
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Alliance is one of the organizational practices that have increased in popularity over the past decade. However, many of this collaborative relations fails. Management literature insist on the fact that organizations need to create specific structures to manage alliance relationships. The aim of...
Persistent link: https://www.econbiz.de/10011074015
Persistent link: https://www.econbiz.de/10010905340
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At the dawn of the 21st century, the appearance of fair value accounting is often presented as, if not a revolution, at least an innovation. The present article on the history of "value" as used in German and French accounting regulations from 1673 to 1914 will show that although valuation at...
Persistent link: https://www.econbiz.de/10010905387