In der deutschen Technologiepolitik hat sich ein bemerkenswerter Wandel vollzögen: Waren deren traditionelle Bezugseinheiten bis Mitte der 90er Jahre einzelne Unternehmen, Technologien oder Wirtschaftsbereiche, so ist die regionale Ebene als Bezugsebene technologiepolitischer Initiativen...

The New Economy should not be discounted as a temporary stock market phenomenon, but should be recognized as a real and sustainable phenomenon. The basic feature of the transition towards the New Economy is the rising importance of information—both as output and input good—in virtually all...

We derive microscopic foundations for a well-known probabilistic herding model in the agent-based finance literature. Lo and behold, the model is quite robust with respect to behavioral heterogeneity, yet structural heterogeneity, in the sense of an underlying network structure that describes...

A new approach in German innovation policy organizes contests of proposals for developing innovation networks. Based on an overview of the different programs, we investigate the advantages, problems and limitations of such an approach. We find that this type of policy may have a relatively large...