The common prior assumption asserts that the beliefs of agents in different states of theworld are their posteriors based on a common prior and possibly some private signal. Commonpriors are pervasive in most economic models of incomplete information, oligopoly models withasymmetrically informed...

Economists have difficulties to conceptualise and model the relationship betweenmacroeconomic policy and industry change. This paper explores the relationshipsbetween industry cost structures and macroeconomic regimes in central and eastEuropean countries (CEECs). It finds that the cost...

During the last years issues of strategic management accounting have received widespread attention in the accounting literature. Yet the conceptual foundation of most proposals is not clear. This paper presents a theoretical analysis of one of the most prominent approaches of strategic...

Within the debate on the UK productivity gap regulation has been identified as a potential cause. This paper investigates the effect of regulation on productivity by exclusively focusing on indirect, unintended and/or unforeseen effects. First we develop a conceptual framework, then we use this...

Die Treuhandidee steht allgemein für ein juristisches Konstrukt des Eigentums,das dem Treuhänder nach außen die volle Rechtsstellung eines Eigentümersverleiht, ihm im Innenverhältnis zum Treugeber jedoch mehr oder wenigerstarker Beschränkung unterwirft. In (Ost-)Deutschland erlebte diese...

The share of privately managed road infrastructure throughout Western Europe is relatively high; the progress among these countries is unequally developed. While private concessionaires have been established in England, France, Spain, Finland, France, Italy and Portugal since the late 1950s,...

PRIVATISATION AND THE USE OF PUBLIC PRIVATE PARTNERSHIPS(PPP) MODELS IN THE PROVISION OF ROAD AND HIGHWAYINFRASTRUCTURE HAS CONTINUOUSLY GAINED IN IMPORTANCEWORLDWIDE AND IN PARTICULAR IN EUROPE DURING THE LASTYEARS. TRADITIONALLY CONSIDERED AS A TYPICAL PUBLIC DOMAIN,MORE AND MORE OF THE TASKS...

The paper aims at revealing why institutions like public-private partnership (PPP) Task Forces have an impact on the realisation ofPPP projects and the achievement of Value for Money in PPPs. The paper is based on a survey looking at PPP frameworks in the internationalcontext. The need for a...