Der in Umsatz und Kapitalisierung stark fragmentierte deutsche Aktiensekundärmarkt ist in Börsensegmenten kleiner und mittlerer Gesellschaften durch einen grundsätzlichen Angebotsmangel an Eigenkapital gekennzeichnet. Die Aktien betroffener Unternehmen sind niveaubedingt unterliquide ...

Recently, Aoki proposed the concept of substantive institutions which relates outcomes ofstrategic interaction with public representations of equilibrium states of games. I argue thatthe Aoki model can be grounded in theories of distributed cognition and performativity,which I put into the...

Vorliegende Dissertation klärt zum einen, welche Faktorendas Verhalten von Individuen in Organisationen bestimmen. Darauf aufbauend werden die Organisationsstrukturen von kirchlichen Wohlfahrtsverbänden betrachtet und unter Motivationsaspekten beurteilt. Weiterhin werden Empfehlungen für...

In plausible theories of bounded rationality actors are not stimulus-response machines but human beings. As such they are guided by theories that predict the course of the world and prescribe how they should try to intervene in that course. Since boundedly rational human beings cannot only...

Technology and technological change play a central role in economics, whether in the theory of resource allocation or in the theory of growth and development. Yet the nature of technology is largely ignored in economic theory, it being considered sufficient to treat technology as a constraint on...

This paper investigates the role that discrimination plays in the educational marginalizationof foreign youth commonly observed in European countries with a long guestworkertradition. Economic theory offers two basic explanations for discrimination ofthis form: taste-based discrimination arising...

The embedding effect has frequently been observed in willingness to pay (WTP) studies.Since policy implications of valuation studies can be very sensitive to the composition of thepackage being valued, respondents’ apparent insensitivity to such fundamental characteristicssuggests that it is...

We examine the status of the maximization hypothesis in the positive economic theory ofrational choice. We argue that, contrary to a common belief, the maximization hypothesisdoes not play any role in large areas of positive rational choice theory. In contexts where itdoes, it is not logically...

Moderne Ökonomie und Sozialpsychologie beschäftigen sich beide mit der Erklärungmenschlichen Verhaltens. Dieser Artikel gibt eine Übersicht über die Interaktion zwischen denbeiden Wissenschaften...