The development state of regions depends not only on the own efficiency, but also on spatial spillovers. Positive (backward linkages, use of the infrastructure in neighbouring economic areas etc.) and negative (e. g. environmental effects) spillovers give reasons for a mutual economic influence...

This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity involves risk. On the one hand, the risk of firm owners is limited if their liability is limited. On the other hand credits will be more difficult to receive if liability is limited....