Die Fachhochschulen in Bayern können auf eine über 35jährige Erfolgsgeschichte zurückblicken. Gegründet 1971 wurden bis heute 17 staatliche und 8 nichtstaatliche Fachhochschulen errichtet, die über 70% aller Ingenieure und mehr als die Hälfte aller Betriebswirte ausbilden. Als Ende der...

Earlier papers have found considerable heterogeneity in the returns to degrees in relation to subjects of study, degree classification and higher education institution. In this paper we examine heterogeneity of returns across British regions using the Labour Force Survey. We find substantial...

This paper examines how theoretical and cultural dimensions in China challenge the use of the generic Open-Market Innovation model by companies in general and one sample Company in China in particular. To carry this analysis out, several interviews with venture technologists and innovators of a...

Die Fachhochschulen in Bayern können auf eine über 35jährige Erfolgsgeschichte zurückblicken. Gegründet 1971 wurden bis heute 17 staatliche und 8 nichtstaatliche Fachhochschulen errichtet, die über 70% aller Ingenieure und mehr als die Hälfte aller Betriebswirte ausbilden. Als Ende der...

The paper shows how a dynamic neoclassical AS-AD can be derived and used to describe business cycles and growth trends to undergraduates. Derived within the Ramsey-Cass-Koopmans (RCK) model, the AS-AD is the stationary equilibrium of the deterministic dynamic general equilibrium framework....

For many countries located around the equatorial region, climate phenomenon such as El Niño southern oscillation or ENSO has enormous impact on their economies. In the case of countries with a high degree of dependency on water resources for energy generation, the impact of ENSO has been...

In this short expository note I provide an overview of leveraged buy-out transactions (“LBOs”). I show in detail how an LBO transaction is structured and financed, as well as the typical return profile. I also provide a sample transaction accompanied by financial projections, debt repayment...

This paper explores the synchronicity of two mega-crises we are now facing: The BP oil spill and the repercussions of the 2008 financial meltdown. It examines some key common threads in both of these crises. The overarching message is that firms must maintain a culture of social responsibility,...

This paper argues that the various theories of economics can all add value, yet educational institutions each seem overly committed to only one theory. The intense debates between economists are destructive and should be replaced with attempts to combine and use each of the theories in...