Unmanned aerial vehicles — “UAVs” or “drones” — are increasingly becoming a mainstream commercial phenomenon and tool for a vast range of commercial consumer, prosumer, and professional activities. Given advances in automation and miniaturization generally — and flight control...

The combination of cost-cutting pressures and technology advances are triggering a major transformation of the core practices of business law. Developments in automated contract drafting and management have spurred the entry of low-cost competition, beginning with the production of standardized...

New types of social networks have recently emerged that have facilitated the growth of a different kind of user-generated content: curation. The user finds various content from the Internet and then organizes or “curates” the content in a social network platform in a way that better serves...

Herein I outline an alternative theory of contract and contract enforcement. This theory is based upon two claims, one positive and one normative. The first claim is that incomplete contracting theory fails to explain how economic actors govern production in the new economy. Theories of...

Because corporate limited liability protects founder's personal assets, creditors often require founders of new, small and risky firms to contract around limited liability by pledging their personal assets as collateral for loans to their firms. This makes personal bankruptcy law (PBL) relevant...

Recent contributions to the literature of national innovation systems (NIS) reflect growing research interests in cross-country comparisons, in particular so in performance comparisons across national innovation systems. Although such comparisons differ significantly in terms of methodological...

In this paper, we give an overview on recent developments in the research on national innovation systems (NIS). Essentially, we identify three development lines of the concept. These are policy-oriented studies that frequently combine the NIS approach with the terminology of corporate...

This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional environment and entrepreneurial characteristics affect...

We analyse how countries' innovation outcomes are affected by national legislations of worker participation to corporate governance. We develop a model of employee representation laws (ERL) and innovation in the presence of incomplete labour contracts and predict heterogeneous ERL effects across...

Der Innovationsindikator Deutschland bestimmt die relative Position von 17 hochentwickelten Volkswirtschaften im internationalen Vergleich bezüglich ihrer Innovationsfähigkeit. Mithilfe dieses Indikators werden Gruppen von Ländern gebildet, die ein ähnliches Innovationssystem aufweisen. Die...