Die Spieltheorie ist eine Theorie optimaler Entscheidungen. Sie geht der Frage nach, welche Entscheidungen Menschen treffen sollten, wenn das Ergebnis ihrer Entscheidungen von den Entscheidungen anderer Menschen abhängt, wenn es also Entscheidungsinterdependenzen gibt. Die Spieltheorie ist...

Purpose – Companies have to assess the benefit of supplier innovation before realization. The specific situation of supplier innovation differs from conventional innovation evaluation because a supplier innovation refers to a subproduct for which the supplier is responsible. To date, supplier...

One of the most striking empirical patterns of horse race betting markets is the favourite-longshot bias: Bets on favourites have dramatically higher expected returns than bets on longshots. The literature offers a couple of different, though not mutually exclusive, explanations based on risk...

In every country in the world parties to private litigation are subject to a predetermined fee shifting regime. While there are no institutionalized opt-out provisions so far, we demonstrate that such provisions could improve welfare. We argue that private negotiations are not a viable...

This study addresses the issue of poor intercomparability of measurements of organic photovoltaic (OPV) devices among different laboratories. We present a round robin performance testing of novel OPV devices among 16 laboratories, organized within the framework of European Research...