This thesis deals with the relationship between no-arbitrage and (strictly) consistent price processes for a financial market with proportional transaction costs in a discrete time model. The exact mathematical statement behind this relationship is formulated in the so-called Fundamental Theorem...

Retail centres are a visible sign of developed capitalist societies and make an appreciable contribution to these economies. For the firms involved in supplying air conditioning maintenance to retail centres, governance structures (that incorporate the make-or-buy decision and the decision...

The work presented here is part of a wider research programme oriented around three specific questions. First, how do individual agents appropriate returns from innovation and how is this affected by the availability (or not) of intellectual property rights such as copyrights and patents?...

Immer mehr Unternehmen intensivieren vor dem Hintergrund zunehmender Komplexität sowie technologischer und wettbewerblicher Dynamik ihre Lieferanten- und Kundenbeziehungen bis hin zu engen Partnerschaften. Sie sehen diese als Voraussetzung für dauerhaft wirkende Wettbewerbsvorteile an.// Mit...

Following sound economic theory, paper mills vertically integrate into pulp production, partly because internalizing the production of their inputs allows them to avoid transaction costs. Higher market concentration, a proxy of higher asset specificity and transaction costs, should encourage...

The motivation for the research presented in this thesis stems from the recentavailability of high frequency limit order book data, relative scarcity of studiesemploying such data, economic significance of transaction costs management, anda perceived potential of data mining for uncovering...

Im traditionellen Lebensmittel-Supermarkt stellt die Verkaufsfläche neben dem Personal wohl den wichtigsten Leistungsfaktor dar. Dieser Faktor ist aber mit hohen fixen Kosten belastet. Ein Ziel von Lebensmitteleinzelhandelsunternehmen ist, den Ertrag auf der bestehenden Verkaufsfläche zu...

This dissertation investigates the driving forces behind the emerging phenomenon of "organizational modularity", by which firms create "virtual" organizations through outsourcing functions, by using contract manufacturers, by forming alliances, and by using temporary employment contracts, as...

This thesis consists of three chapters on the choice of institutional governance. The first chapter provides empirical evidence on the effect of local norms on the contractual choice, using a comprehensive dataset on US agricultural leasing contracts. We focus on the choice between cash-rent and...