Der Erfolg von Globalisierungsbemühungen bei Betrieben des Investitionsgüterproduzierenden Gewerbes hängt davon ab, welcher Strategie sie folgen. Dies betrifft sowohl Produktionsverlagerungen an ausländische Standorte als auch die Einbindung in regionale oder globale Unternehmensnetzwerke....

We analyze the effect of price caps on equilibrium production and welfare in oligopoly under demand uncertainty. We find that high price caps always increase production and welfare as compared to the situation without price cap. Price caps close to marginal cost may lead to zero production,...

The prospect theory is one of the most popular decision-making theories. It is based on the S-shaped utility function, unlike the von Neumann and Morgenstern (NM) theory, which is based on the concave utility function. The S-shape brings in mathematical challenges: simple extensions and...

This paper analyzes the effect of cooperation in manufacturing on firms' inclination to collude in the market. Compared to non-cooperation in manufacturing, coordination of the investments in production yields a higher competitive profit. If firms intensify cooperation and produce in a joint...