The use of information plays an important role in the choice of transfer prices (TP). We discuss the information provision of two centralized mechanisms, namely, actual-cost and standard-cost based TP. Actual cost based TP use all available cost information whereas standard cost based TP only...

Trust or likewise "confidence" (the term preferred in this paper) are notions which have received considerable attention by economists in the last 8-10 years. In this contribution, much emphasis is put on the understanding what we really mean by "confidence", what the differences between...

In diesem Beitrag diskutieren wir den in der Literatur heftig umstrittenen Aspekt, ob Vertrauen (Institutionen) nur ein Komplement zu formellen Institutionen (Vertrauen) sein oder diese(s) möglicherweise sogar substituieren kann (können). Wir fassen Vertrauen als spezifische, kooperative...

Dieser Beitrag ist das Ergebnis eines sechs Monate langen Studienprojekts, durchgeführt an der Fakultät für Wirtschafts- und Organisationswissenschaften (WOW) an der Universität der Bundeswehr München. Gemeinsam mit 17 (männlichen und weiblichen) Studenten hat das "akademische Team",...

Soll der gemeinsam erzeugte Output zwischen den Mitgliedern eines Teams aufgeteilt werden, so kann dies die Anreize aller Mitglieder vermindern, unbeobachtbare Anstrengung zu leisten. Weist die gemeinsame Produktionsfunktion darüber hinaus positive Kreuzableitungen auf, so ist Teamarbeit zwar...

This paper develops a simple model that allows to analyze the rationale for the protection of intellectual property and to derive the conditions that an optimal form of protection has to meet. It is shown that not only a reason for the limitation of intellectual property rights does exist, but...

Anti-Sharing may solve the sharing problem of teams: the team members promise a fixed payment to the Anti-Sharer. He collects the actual output and pays out its value to them. We prove that the internal Anti-Sharer is unproductive in equilibrium.

Dieses Paper untersucht "property rights" im Stile der ökonomischen Analyse des Rechts. Dabei wird der Zusammenhang zwischen "property rights" und Allokationseffizienz ebenso behandelt wie der Schutz von "property rights" durch Unterlassungs- und Schadenersatzansprüche, durch Haftungsregeln...

The paper proposes a mechanism that may implement first-best effort in simultaneous teams. Within the framework of this mechanism, each team members is obliged to make a fixed, non-contingent payment, and chooses his individual effort. After the output is produced, each team member receives a...

In Germany exist a large number of co-operatives that are engaged in a broad variety of business activities. Their organisational structure is determined by co-operative law and to a lesser degree by statutes or by-laws. As has been shown for German rural co-operatives by applying property...