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Information and communication technologies are transforming economies and societies around the world. In this respect, E-Commerce has the capability to build a new global economy. That is why government, industries, non-profit-organisations, trade unions and consumers would like to come together...
Persistent link: https://www.econbiz.de/10005840737
Cummins et al. (1994) provide a conceptual framework for policymakers to use in analyzing risk-based capital systems. Based on their framework, this article provides an overview and critical analysis of risk-based capital requirements, with a focus on property/casualty insurance, as implemented...
Persistent link: https://www.econbiz.de/10005861350
This article provides an overview and comparison of risk-based capital (RBC) requirements as they currently exist in the United States, the European Union, Switzerland, and New Zealand. These four systems are representative of different ways capital standards are implemented around the globe....
Persistent link: https://www.econbiz.de/10005861358
Platforms operators act as private regulators to increase usage and maximize profits. Their goals depend on the development of the platform: overcoming the chicken-egg problem early on requires attracting platform participants while quality becomes more important later on. Private regulators...
Persistent link: https://www.econbiz.de/10009418797
In this article we provide a seminal academic investigation of mo-bile telephony consumers' perception of the recently introduced costcap tari in comparison to corresponding pay-per-use and atrate call-ing plans. Previous studies have identied several psychological eectsthrough which consumers...
Persistent link: https://www.econbiz.de/10009284842
This paper analyses market valuations of UK companies using a new data set of their R&Dand IP activities (1989-1999). In contrast to previous studies, the analysis is conducted at thesectoral level, where the sectors are based on the technological classification in Pavitt (1984).The first main...
Persistent link: https://www.econbiz.de/10005870214
Does competitive pressure foster innovation? In addressing this important question, priorstudies ignored a distinction between discrete innovation aiming at entirely new technologyand continuous improvement consisting of numerous incremental improvements andmodifications made upon the existing...
Persistent link: https://www.econbiz.de/10005861521
Epistemic arguments play a significant role in Hayek’s defense of market liberalism. Hisclaim that market competition … and cost competition but alsocompetition by innovations. Thence he overlooks the ambiguity that follows from …
Persistent link: https://www.econbiz.de/10009138586
associated with worse management.European firms report lower levels of competition, while French and British firms also …
Persistent link: https://www.econbiz.de/10005866328
We show the effects of Bertrand and Cournot competition on R&D investmentand social welfare in a duopoly with R …&D competition where success in R&D isprobabilistic. We show that R&D investments are higher under Bertrand (Cournot)competition when … Cournot competition can generate highersocial welfare in absence of knowledge spillover and this happens if R&D is drastic …
Persistent link: https://www.econbiz.de/10005868763