It is all very well exhorting UK business to be more innovative, more competitive andto close the productivity gap with economic rivals such as the US. The problem is,approximately 40 per cent of companies in the private sector are owned by non-UKbased companies. In these cases the parent...

In this paper, we propose a decision framework where people are individuallyasked to either actively consent or dissent to some pro-social behavior. We hypothesize thatconfronting individuals with the choice of engaging in a specific pro-social behaviorcontributes to the formation of...

The interdependence of technical and financial considerations poses a majorproblem for the development of appropriate decision support systems in businesspractice. In this paper, an application - with strategic importance for outsourcingproviders in information technology - is described...

The rise of the Internet economy can be attributed to the worldwide spread of Internetaccess points and the rapid pace of ICT development (information and communicationtechnology), which together induced cross-border networking between privatehouseholds, enterprises and entire markets [Wirt01,...

Investors need performance measures particularly as a means for funds selection in the process of exanteportfolio optimization. Unfortunately, there are various performance measures recommended for differentdecision situations. Since an investor may be uncertain which kind of decision problem is...

This paper provides an analysis of individual and social decision criteria foralternatives that are composed of several attributes. We derive additive and multiplicativecriteria for individual decision-making with new axioms and apply these criteria toobtain new justications of known social...

This paper presents a model for investigating group decisions of managers who are imperfectlyinformed and averse to taking risks. Of primary interest is financial success for risk neutral shareholderswho have no other aim than maximizing expected profit and can therefore be treatedhomogeneously...

In contrast to companies that are run by their owners, business decisions in companies run by management boards are made by groups of individuals with different qualifications and heterogeneous objectives that may differ from those of the owners. The members of the board will assess alternative...

Decision making in the rational choice domain requires the decision problem at hand to appear in closed form. Closed form here means that it is based on a well defined set of alternative courses of action (acts) to choose from that for their part are connected to well defined, probably uncertain...

The productivity of (human) information processing as an economicactivity is a question that is raising some interest. Using Marschak’s evaluationframework, Radner and Stiglitz have shown that, under certain conditions,the production function of this activity has increasingmarginal returns in...