Digitalisierung ist wahrlich kein neues Phänomen. Spätestens mit der Dotcom-Euphorie der späten 1990er-Jahre war offensichtlich, dass die Wirtschaft vor einem gewaltigen Umbruch steht. Gut eineinhalb Dekaden später sind Internetkonzerne bereits etablierte Akteure der Unternehmenswelt. Wenn...

The German economy is humming. Tax receipts are pouring in, the labour market is booming, and Germany was and has remained solid as a rock during the euro crisis. That is the current situation. But is Germany also prepared for the digital revolution? A core element of Germany industry (the...

Supervised dimension reduction methods have been extensively applied in different scientific fields like biology and medicine in recent years. However, they have hardly ever been used in micro economics, and in particular cost function modeling. Nonetheless, these methods can also be useful in...