Summary With this paper we attempt to complement the discussion on price volatility on stock markets by an approach, which can also take into consideration so-called nonrational behaviour. This happens by formally integrating socioeconomic elements into the price expectation process of the share...

This judicious selection of recent essays demonstrates the applicability of the fundamental principles of neo-Schumpeterian economics, namely, innovation and uncertainty. The authors demonstrate how neo-Schumpeterian economics is developing into a comprehensive economic theory encompassing...

Im Gegensatz zu den üblichen Ansätzen erfolgt hier die Erklärung des Preisbildungsprozesses auf spekulativen Märkten aus einer vordergründig nicht ökonomisch rationalen Sichtweise heraus. Mit dieser Arbeit wird ein aktueller Kritikpunkt an der ökonomischen Theorie aufgegriffen, der eine...

This judicious selection of recent essays demonstrates the applicability of the fundamental principles of neo-Schumpeterian economics, namely, innovation and uncertainty. The authors demonstrate how neo-Schumpeterian economics is developing into a comprehensive economic theory encompassing...

Direct job creation has long been a classic instrument of labour market policy, pursuing a number of potential goals. Recently in Germany, policies of this type have come under growing pressure. This is partly due to the increasingly scarce resources available for job creation measures. Taken...

Zusammenfassung In der vorliegenden Studie wird mit Hilfe der nicht-parametrischen DEA-Methode die relative Effizienz von representativ ausgewählten Stromversorgungsunternehmen in Deutschland bestimmt. Die DEA erlaubt es, auch nicht marktfähige In- und Outputfaktoren in die Analyse...

Summary In this paper we add new results to the investigation of productivity levels rather than productivity changes, as proposed by Hall/Jones (1996, 1997, 1999). To obtain measures of relative productivity levels we depart from traditional growth accounting and calculate the Malmquist index...

In this paper, we give an overview on recent developments in the research on national innovation systems (NIS). Essentially, we identify three development lines of the concept. These are policy-oriented studies that frequently combine the NIS approach with the terminology of corporate...

Dedicated to the goal of furthering evolutionary economic analysis, this book provides a coherent scientific approach to deal with the real world of continual change in the economic system. Expansive in its scope, this book ranges from abstract discussions of ontology, analysis and theory to...