The Coase theorem has been shrouded in ambiguity and confusion throughout its life, this despite the prominent role that it plays in economic and legal analysis. As this paper demonstrates, this is no less true of the path by which Coase came to the result that bears his name. Drawing on...

The Coase theorem has been shrouded in ambiguity and confusion throughout its life, this despite the prominent role that it plays in economic and legal analysis. As this paper demonstrates, this is no less true of the path by which Coase came to the result that bears his name. Drawing on...

Baumol's theory of entrepreneurial allocation has been widely utilized and cited by management and entrepreneurship scholars over the last three decades. Despite the increasing popularity, there is no systematic review of prior studies to integrate the literature, highlight the missing links,...

Am 9. April 2020 einigten sich die Finanzminister der Eurozone auf Kreditlinien beim Europäischen Stabilisierungsmechanismus (ESM), um der Corona-Krise entgegenzutreten. Die ESM-Kredite werden mit 200 Mrd. Euro beziffert. Dieser Wert ist jedoch irreführend, denn nur wenige Staaten hätten...

There are various studies on the role of institutional and non-institutional factors in developing the level and nature (or types) of entrepreneurship. In these studies, there have been no attention to the causal relationship between these variables, and the direction of the causality are...