Die oft festgestellte Diskrepanz zwischen erwarteten und erzielten Erfolg von Unternehmensuebernahmen ist Ausgangspunkt einer Vielzahl von Untersuchungen, welche die Gruende fuer diese Differenz zu identifizieren versuchen. Der Fokus der aktuellen Diskussion liegt auf der Integrationsphase des...

If an inspector is work averse and his effort spent on investigating reports is not observable this creates a moral hazard problem whenever there is an imperfect monitoring technology. This problem arises because the organization can not distinguish between an inspection that doesn't find...

We propose a computational model to study (the evolution of) post--secondary education. "Consumers" who differ in quality shop around for desirable colleges or universities that also differ in quality. We study the dynamics and asymptotics for three nested variants of this matching model: the...

The probability that actors in economic relationships break rules increases with the profits they thus expect to earn. It decreases with the probability and level of short- and long-term losses resulting from disclosure. It also decreases with the level of social context factors and intrinsic...