Public security is an essential precondition for personal freedom, civil liberties, and the functioning ofpolitical institutions in a market economy. The protection against infringements from third partiesagainst life and limb is an important human need.1 Whether people feel secure or insecure...

Der Neue Markt soll wachstumsorientierten Unternehmen den Zugang zur Börse eröffnen. Diefür dieses Marktsegment neu geschaffene Institution des Betreuers soll Vorbildcharakter fürandere Marktsegmente haben. In der vorliegenden Arbeit werden Vor- und Nachteile desBetreuer-Konzeptes...

Der Aufbau der Stadtwerke Halle ist mit der Geschichte der deutschen Einheit verknüpft, die - juristisch - mit dem Beitritt der DDR zur Bundesrepublik Deutschland vollzogen wurde. Dieser bedeutete im Grundsatz, daß die DDR ihre Rechts-und vor allem ihre Wirtschaftsordnung aufgab und die der...

Agent-based Computational Economics (ACE) is the computational study of economic processesmodeled as dynamic systems of interacting agents. This essay discusses the potentialuse of ACE modeling tools for the study of macroeconomic systems. Points are illustratedusing an ACE model of a two-sector...

The tasks as well as the types of co-operatives within an economy have continuouslybeen discussed for nearly two hundred years. Since the days ofOwen, the principles as well as the appearance of co-operatives have beenheavily disputed. This became evident by the controversy between...

The economic success of Japan in the post-war period and various new forms of market co-ordination in European regions, and specificities of inter-firm relationships in high technology industries have increased academic and business interest in the ways that firms manage relationships between...

The theme of this year's WDR is how to structure institutions to bring about an effectively functioning market economy. There is no question that political institutions play a key role here. In most countries political institutions determine the rules of access to considerable discretionary...

The paper examines the issue of corporate social responsibility (CSR)from the perspective of constitutional economics, focusing on the distinction betweena political community’s constitutional choice of the rules of the ‘‘marketgame,’’ and the market players’ sub-constitutional...