This paper investigates the industrial organization of casino gambling and develops a theory of the casino as an economic institution which emerges to reduce transaction costs. This theory is based upon the insight that the play of table games – typically seen as a production process or as a...

Innovation, Kritik, kritische Auseinandersetzung mit "Innovation" .. "or forty years, innovation has been the hottest buzzword in business. But what if the benefits of innovation have been exaggerated, and our obsession with the new has distracted us from the work that matters most? It's hard to...

We explore the gap between broad conceptions of the Internet common in daily life and the rather narrow framing of most existing work on Internet history. Looking both at scholarly histories and popular myths we suggest that the expanding scope of the Internet had created a demand for different...

Standards can create intra-firm and inter-firm efficiencies. They facilitate economies of scale in manufacturing and promote interoperability between a variety of complementary products. In the final analysis, standards provide means for promoting stability over uncertainty, and for managing the...

We tend to assume that great leaders must make difficult choices between two or more conflicting outcomes. In an interview study with 26 CEOs of top American and European companies (incl. IKEA, Campbell Soups, Nokia, Hamp;M), we find that instead of choosing between conflicting outcomes such as...

Increasing volumes of statistical data are being made available on the open web, including from the World Bank. This ‘data deluge’ provides both opportunities and challenges. Good use of these data requires statistical literacy. This paper presents results from a project that set out to...